Europa Capital, acting alongside its join venture partner Bayern Projekt, has sold the Olympia Business Centre (the OBC), a 38,000m² office building in Munich, Germany.

Since acquiring the asset in 2017, Europa Capital and Bayern Projekt have undertaken an extensive refurbishment of the OBC, which achieved a LEED Gold certification and a WiredScore Paltinum certification, recognising its leading sustainability features, connectivity and digital infrastructure. This project led to the creation fo roof terraces, a new restaurant/café, a double-storey lobby area, and the creation of a "Markthalle" (market hall) concept for employees, which has been designed to foster co-eating and co-working.

During the refurbishment Europa Capital and Bayern Projekt agreed a number of key leases at the OBC, which is currently 60% occupied. Recent lettings totalling 8,500m² which will take occupancy to 80% have also been agreed on long lease terms with three further occupiers, including a leading German provider of credit cards; a leading Japanese manufacturer in semi-conductor testing equipment; and a Munich based IT and business consulting company.

Situated in Munich's Moosach district, the OBC is in a strong business location width many large international businesses in the immediate vicinity. The asset is also well connected, providing access to the Georg Brauchle-Ring road and a number of U-Bahn train stations.