ZAR Real Estate Holding expands its portfolio with its first projects in Munich

Munich, 7 October 2021 – ZAR Real Estate Holding purchases its first properties in its home market.Up until now, the Munich-based real estate company was primarily active in Berlin, Frankfurt and Düsseldorf. These purchases in the Bavarian capital are part of a new corporate strategy.

One of the new sites is located directly in the centre of Munich, while the other is at the northern edge of the city, with a total project volume of 333 million EUR and a planned gross floor area of approximately 60,000 square metres. Current plans envisage a housing project on one of the sites and a mixed residential and commercial project on the other.

“The purchase of these two plots in Munich is just the beginning. We are planning further acquisitions in our home market and over the whole South East region,” says Daniel Argyrakis, CFO and one of the managing directors of ZAR Real Estate Holding. By the end of the year, ZAR’s overall portfolio is set to grow even further, with several projects currently in the final stages of negotiation. This strategic reorientation was largely enabled by the sale of a subportfolio at the beginning of July. This included 10 projects in Berlin, Frankfurt and Düsseldorf

However, the effect of the reorientation is not only that new markets are being developed. The aim is to gradually build up our own portfolio, with the first sustainable urban development projects to be performed under the ZAR Real Estate flag. Moreover, anew real estate fund will soon be established as an additional financing option, and all ZAR processes will be oriented towards ESG criteria and sustainability paradigms.