By IvyLee Rosario
Hines has secured a lease for 86,000 square feet of office space with WeWork in its OSKAR building on the Oskar-von-Miller-Ring road in Munich. This location will mark WeWork’s first in Munich.
The company is set to occupy four floors of the 279,000-square-foot asset, built in 1998 by Richard Meier. Hines has been working to revitalize the property since 2016. Features include a grand entrance lobby, efficient floorplans, public transportation connections and ample parking. Hines has also set a goal to achieve LEED or DGNB (German Sustainable Building Council) certification for the building.
“We are excited to announce our first location in Munich, which marks the fourth city in Germany for WeWork,” said Patrick Nelson, head of real estate for WeWork Europe, in prepared remarks. “Munich’s tech credentials and community of start-ups, as well as established companies, make it an obvious choice for our next WeWork location. We are excited to expand in Germany, providing our 160,000+ members with access to a wider network and more business opportunities.”
NAI Apollo advised WeWork in the lease transaction. Just last week, the company signed a 15-year lease to occupy 45,000 square feet of office space in Manhattan.
Image courtesy of Hines