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12/20/2018 Swiss Life Asset Managers and Universal-Investment acquire "Oskar" premium office complex in Munich

  • Seller is the US real estate investor Hines
  • Amazon, Condé Nast and WeWork are tenants of the complex at Oskar-von-Miller-Ring
  • CORPUS SIREO Real Estate will be responsible for asset management of the acquired office scheme

Swiss Life Asset Managers and Universal-Investment, in cooperation with CORPUS SIREO Real Estate, have acquired the premium office scheme "Oskar" in Munich as a joint venture. Universal-Investment invests in the office complex on behalf of a fund of the Bayerische Versorgungskammer and Swiss Life Asset Managers on behalf of a fund of Swiss Life AG, branch for Germany. CORPUS SIREO will act as asset manager. The seller is the US real estate investor Hines. The parties have agreed not to disclose the purchase price.

Subject to the approval of the antitrust authorities, the former Siemens Forum is to be acquired as a representative building by US architect Richard Meier. The striking building complex on the Altstadtring has served as Siemens headquarters since 1999. After the technology group moved out, a complete refurbishment from a single-tenant to a multi-tenant property took place from 2017 to early 2019. In addition to the publishing house Condé Nast and the co-working provider WeWork, Amazon Web Services also moved into representative premises at OSKAR.

The fully let office complex at Oskar-von-Miller-Ring 20 comprises six upper floors and three lower floors with a total gross floor area of around 26,000 square metres and almost 250 underground parking spaces. A café will also open its doors on the ground floor at the end of 2018.

Roy Brümmer, Head of Investment & Transaction, CORPUS SIREO Real Estate, says: "The Oscar is a rare investment opportunity in Germany's strongest office market. The newly designed areas are designed for long-term, flexible use by their renowned tenants. We are therefore pleased to be able to secure a particularly sustainable investment for the new owners that corresponds to the investment philosophies of both partners. »

"We have succeeded in taking OSKAR into the age of digitalisation and creating modern, flexible and sustainably usable Class-A office space. The property offers buyers a first-class property in an extremely sought-after location. In addition, full letting guarantees long-term security. We are delighted to have found two well-known buyers for the future continuation of the project in the form of the Bavarian Versorgungskammer and Swiss Life," says Jeanette Hesser, Director Asset Management of Hines in Luxembourg.

The "Oskar" is located in the business centre of the Bavarian metropolis, in the direct vicinity of Odeonsplatz and Hofgarten. The Munich suburban and underground railway network as well as most of the city's sights are within walking distance. The neighborhood of the Oskar mainly includes government buildings and banks.


Image: View on Munich’s city skyline from the OSKAR rooftop can be enjoyed by the building’s users.
© CORPUS SIREO Real Estate / Swiss Life Asset Managers.





Yvonne Hoberg, Director Public Relations
Phone: +49 221 39 90 0 120

Swiss Life 

Media Relations 
Phone +49 89/3 81 09 -15 31


Investor Relations 
Phone +41 43 284 52 76



CORPUS SIREO is a multi-disciplinary real estate service provider, which has received numerous awards. The company operates as a fund and asset manager, investor and project developer in Germany and other European countries. It also acts as a co-investment partner for pan-European real estate investments. CORPUS SIREO employs approximately 570 staff at 10 locations in Germany and Luxembourg, and is part of Swiss Life Asset Managers. With companies in Switzerland, France, Germany and the UK, Swiss Life Asset Managers manages real estate assets with a total value of 81.0 billion Euros (as of 31.12.2018). CORPUS SIREO manages special funds with a current volume of 3.1 billion euros. The company has expertise and its own presence in the German regional markets as well as in the health care real estate sector, where it is one of the German market leaders for offering specialized funds.

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Swiss Life Asset Managers

Swiss Life Asset Managers has more than 160 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg and the UK.

As at 31 December 2018 assets under management for third-party clients amount to EUR 206.7 billion. Together with insurance mandates for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at EUR 206.7 billion.

Swiss Life Asset Managers is the leading real estate manager in Europe*1. Of the assets totaling EUR 206.7 billion, EUR 55.7 billion is invested in real estate. In addition, Swiss Life Asset Managers has real estate under administration of EUR 25.3 billion through its subsidiaries Livit and Corpus Sireo. Total real estate under management and administration at the end of December 2018 thus came to EUR 81.0 billion. 

Swiss Life Asset Managers employs about 1800 people in Europe.

1 PropertyEU, 100 top Investors, October 2015, 2016 and 2017

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