07.02.2021
UBM: UBM Development announced that it acquired headquarters of luxury sports fashion manufacturer Willy Bogner in Munich for Euro 55 mn. The company is planning the development of a further large-scale project on a 12,000-square metre site in the up-and-coming eastern area of Munich. The project represents a continuation of this international real estate developer’s strategic positioning in the residential sector of Europe’s top cities. “This acquisition hits the bull´s eye of our strategy”, explains Thomas G. Winkler, CEO of UBM Development AG. The address St.-Veit-Straße 4 has been the company headquarters of the luxury sports fashion manufacturer Willy Bogner GmbH & Co. KGaA since the 1950s. The company has committed itself to a comprehensive performance programme and the sale of the company premises to UBM is part of this programme. The traditional Munich-based company will continue to use the headquarters as a tenant for at least two more years before fl