Construction project of an office building in Munich, Germany

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Construction project of an office building in Munich, Germany

30,480,000 €
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Total area: 8,000 m²
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Features
  • Land area: 3,800 m²
  • 6-floor building
  • Number of parking lots: 150
  • IRR 14.0%
  • Loan size: 60% of the value of the object
  • Rate: 1.8%
  • Notary (state registration): 2.0%
  • Acquisition tax: 3.5%
  • Broker: 3.6%

Description

The project includes a construction of the office building on a land plot with the area of 3,800 m² 

The building will be comprised of six storeys and a two-level undergound parking. 

The total area of the building is 8,000 m².

The area of office premises is 7,300 m².

The area of retail premises is 700 m². 

There is the possibility of creating a green area in the courtyard of the building. 

The parking will be provided with 150 parking lots.

Financial performance

Project entry costs — 18,000,000 €.

Costs of construction — 32,800,000 €.

Total costs — 50,800,000 €.

Equity — 30,480,000 €.

Amount of financing — 20,320,000 €.

Sales revenues — 68,000,000 €.

Profit of the project — 17,200,000 €.

IRR of the project — 14%.

Project term — 24 months

Loan

It is possible to obtain bank loan for 60% of the value of the project at 1.75% per annum.

Transaction costs

Notary (state registration) is 1.5–2%.

Acquisition tax is 3.5%.

Brokerage fee is 3.57%.

Location and nearby objects

The project is located in the area with a high level of business activity. 

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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