Westwing remains a long-term office tenant at Munich’s H2O
Deka Immobilien has signed a new long-term lease with Westwing Group SE for the H2O office building in Munich’s Milbertshofen-Am Hart district. The existing tenancy will continue under a new agreement with a revised space configuration. The lease covers around 7,163 sqm of leased space as well as 35 underground parking spaces. The online retailer specialising in furniture and home accessories is a key anchor tenant, occupying the largest amount of space in the multi-let property at Moosacher Straße 84–88. Combine Transaction advised the tenant.
As part of the new lease arrangements, the space occupied by Westwing will undergo an extensive fit-out to meet the company’s future requirements for modern working environments. The office space on the ground, second and third floors will be fitted out in two phases during 2027. Temporary alternative office space within the building will be provided while the works are carried out. Deka Immobilien has also agreed lease extensions with other existing tenants.
In today’s particularly challenging letting market, it is essential to continuously develop existing properties and adapt them to changing occupier requirements. Long-term leases not only secure reliable rental income but also make an important contribution to the stability and sustainable value growth of the property portfolio.
Joel KlugeAsset Manager at Deka Immobilien
Modern office accommodation with a sustainable energy concept
The seven-storey office building was completed in 2016 and provides around 20,672 sqm of total lettable space. Deka Immobilien has recently invested substantially in the outdoor areas to further enhance the property’s location and amenity quality. Arranged around a landscaped courtyard, the building offers flexible office accommodation, on-site dining facilities and a luxury car showroom.
Located in northern Munich, the property benefits from good public transport connections and convenient access to the city centre, the airport and major regional road networks. The building holds a LEED for Core & Shell Gold certification and features an energy concept combining district heating and shallow geothermal energy. Water plays a central role in this system, with more than half of the heating energy generated using geothermal technology, while groundwater helps cool the building during the summer months. This is also reflected in the building’s name, “H2O”.
