Everest acquires Office- and Hotel-complex in metropolitan area of Munich

In partnership with Westport Capital Partners LLC Everest Management acquires the mix-used property “Sonnenhoefe” in Unterhaching for a purchase price in the medium double-digit million range, which is significantly under the replacement cost for the asset.
Everest takes on both, the asset and property management for 26.000 sqm of office space and the 4* Hotel Holiday Inn with its 257 rooms. We are planning comprehensive modernization measures for the early nineties building in order to reduce vacancy in the asset.
The Everest Management team is looking forward to this new and complex task and will focus on restructuring and increasing management efficiency in the asset.