(Munich, February 2021) Europa Capital, the pan-European real estate investment manager, together with joint venture partner Bayern Projekt, has leased an additional 2,500 sqm of office space at Munich's Olympia Business Center (OBC), as part of its value-add fund Europa Fund V. The latest leasing success for the joint venture is the largest single lease in terms of space in the Munich-Moosach office submarket in 2020.

Global media and technology company IDG Communications Media AG (IDG) has signed a long-term lease and will move into its German headquarters at OBC. The fifth successful lease brings the total occupancy rate of the office property - around 38,000 sqm of total space - to 55 percent. Previous long-term tenants include the Japanese sporting goods manufacturer DAIWA, Stadtwerke München and the Bavarian State Office of Criminal Investigation.

IDG is one of the world's leading companies in the fields of technology media, data, and custom and corporate services. With its media brands and events, IDG has a cross-media presence for IT decision-makers, line-of-business managers and IT professionals.

Over the past three years, joint venture partners Europa Capital and Bayern Projekt have undertaken an extensive revitalization of OBC, which is expected to be completed early this year. This included upgrades to the interior, exterior and first floor common areas, and the development and implementation of an employee market hall concept designed to encourage co-eating and collaboration. The employee restaurant is operated by V&K Tailor Made Catering (TMC), a joint venture between the renowned regional delicatessen supplier Käfer Group and the internationally active Vermaat Group.

Jonas Triebel, CEO of IDG Communications Media AG: "IDG Germany has been at home in Munich for over 45 years. We are delighted that we have now found a top location with state-of-the-art infrastructure for our new headquarters here in the OBC."

Markus Turrek, Managing Director of Bayern Projekt GmbH: "We are very proud and pleased that we were able to convince IDG Communications Media AG to move into their new German headquarters in the Olympia Business Center. As an international leader in technology media and data, IDG is the ideal tenant at this prestigious headquarters location, which formerly served as Telefónica's headquarters. IDG's choice of OBC once again underscores the property's unique concept."

With IDG, the joint venture partners Europa Capital and Bayern Projekt can welcome another renowned tenant to the Olympia Business Center. This joint success shows that the OBC is being very well received in the market, even in these challenging times, thanks to its unique concept and numerous special features. The special features include the shared conference area, the staff restaurant and the many other opportunities for collaboration and relaxation. With these features, the OBC is ideally equipped to meet the office requirements in the post-Corona era.

Colliers International München GmbH acted as both lead broker for the landlord and tenant representative for IDG in the closing.

About Bayern Projekt
Bayern Projekt Group, headquartered in Munich, has been involved in the professional investment, development and management of selected real estate assets for over 20 years. During this time, investments with a volume of over 1 billion euros have been developed, accompanied and handled. Most recently, Bayern Projekt Group developed the Bavaria Towers high-rise ensemble with a total investment volume of over 500 million euros.
www.bayernprojekt.de

About Europa Capital
Europa Capital is an experienced, Europe-focused real estate fund manager. Europa Capital specializes in investing through both equity and debt strategies, leveraging their real estate asset management skills and experience to create the best possible value across all property classes and in all European markets. Since 1995, Europa Capital's management team has launched a total of 13 real estate funds and completed over 140 transactions totaling over €11.9 billion in 21 countries. Europa Capital focuses on generating attractive, risk-adjusted returns for a global spectrum of investors, based on key real estate strategies such as value-add, core/core plus and debt investment. Europa Capital is majority owned by Mitsubishi Estate Co. Ltd, one of the world's largest real estate groups, which is a strategic investor alongside its own management. Europa Capital Partners LLP and Europa Capital LLP are authorized and regulated by the Financial Conduct Authority.

For more information, visit www.europacapital.com.

About IDG
For more information about IDG, visit www.idg.de.