AURELIUS Real Estate Opportunities signs lease contract with globally active technology firm from Stuttgart as first new tenant for RUBIQ
- Hybrid commercial building with a total of 17,500 square metres of flexible rental units on the east side of Munich
- First new tenant a renowned technology company from Stuttgart mainly active in the automotive industry
- Building completely revitalised according to ESG criteria in 2022, with focus on high flexibility of use
- Other units available for tenants from innovation-driven industries
Munich, 7 June 2022. AURELIUS Real Estate Opportunities (“AREO”), the Luxembourg-domiciled real estate arm of the AURELIUS Group, signed its first lease contract for RUBIQ hybrid commercial building (“RUBIQ”) at Wamslerstrasse 5-9 in the Trudering district of Munich. A globally operating technology firm from Stuttgart whose activities concentrate on the automotive sector moved into a new rental unit of around 1,900 square metres in May. The rental unit divides into 1,300 square metres of office space for research and development plus around 600 square metres for a prototype lab. During the negotiations, AREO was exclusively advised by AUREPA Advisors AG (“AUREPA”). CBRE acted as broker. The property will be extensively revitalised this year, and provides around 17,500 square metres of lettable area that is suitable for office use as well as for light manufacturing, research and development but could also be used as lab or showroom. It is planned to lease the remaining units to tenants from innovation-driven industries like R&D, life sciences, engineering services or healthcare businesses. The property is being further developed with a sustainable approach, taking into account the ESG standards of the AURELIUS Group. Certification of the property’s sustainability is being sought.
Hannes Eckstein, founding partner of the AURELIUS Real Estate Group, commented: “RUBIQ gives us a chance to demonstrate how to develop properties sustainably under a ‘manage-to-ESG’ approach and to position them accordingly. There is considerable potential dormant in many properties in use that would be exploited if the right types of measures were taken, and this—unlike with new buildings—would conserve resources while still delivering comparable results.”
The building cubature and depth of the rooms permits a variety of use types on each floor. Moreover, the quality of stay is sustainably improved by the redesigned inner courtyards and the roof terrace as well as by a high percentage of green space on the entire property. The implementation of current sustainability standards will be prioritised when revitalising the building, which was completed in 1994. “It is important to us to preserve the building fabric, to use renewable energy sources, such as geothermal heating and photovoltaics, and thereby to contribute definitively to resource conservation and to the reduction of carbon emissions. In addition, we encourage the use of bicycles: It is planned to install bicycle parking spaces, end-of-trip facilities and charging points for e-bikes,” added Jan Rehbock, also founding partner of the AURELIUS Real Estate Group. On top of that, the house will provide around 200 parking spots.
“Due to its location and the rental units it provides, RUBIQ is ideal for tenants who are looking both for offices and workshop facilities. Ceiling heights of up to 4.40 metres and limit loads of up to 12.5 kN per square metre are rather hard to find. These factors appealed to our tenant, an internationally active development partner and supplier of the automotive industry. After extensive consultations with the incoming tenant, we created a custom layout concept that can grow in sync with changing requirements,” Rehbock went on to say.
RUBIQ is easily accessible on the east side of Munich, about three kilometres from the Munich trade fair centre. The inner city is only a short commute away by private or public transportation.
AURELIUS Advisors SARL
2-4, rue du Château d’Eau
AURELIUS Advisors Ltd.
33 Glasshouse Street
London W1B 5DG
AUREPA Advisors AG
Unterer Anger 3
Web: www.aurelius-group.com/real-estate-opportunities; www.aurepa.com
+49 (0) 30 2844 897 61
+44 (0)20 3745 4960