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MS Riem: ramping up for further rapid growth
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One of Europe's largest and most important redevelopment projects is taking shape rapidly on Munich's east side. Being redeveloped is a site, some 556 hectares large and formerly occupied by the city's airport. Now located on the site, situated in the city's borough of MS Riem, are Munich's new fairgrounds, areas providing everything needed and wanted by today's businesses, and a residential neighborhood offering all of the amenities of urban life. The development of the business areas' plots has been proceeding swiftly, as foreseen by MS Riem's ambitious masterplan. Demand for the plots offered for sale has been running very strong. These have been purchased by a number of major companies. Some 1,600 people have already moved into their new homes in MS Riem. Construction will commence on a number of other projects once the approval processes have been completed. | |
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The development has been accompanied by a wholesale move to MS Riem, envisioned by its masterplan to be one of high-performing Munich's new engines of economic growth. All told, nine major areas are being developed for commercial use
in MS Riem. They will cover 413,177 square meters, and will yield
515,000 square meters of utilizable space. |
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It is the fairgrounds which have given rise to the project's name - "Messestadt" - "Trade Fair City". These companies and the employment they offer have joined with the great expanses of greenery, with the abundance of stores, restaurants, service centers and cultural events emerging in MS Riem, and with the excellent highway and mass transit links already set up in inducing the first of what someday will be 16,000 residents to move to the area. The expanses were laid out to realize another key thrust of MS
Riem's masterplan: to create an area with a highly attractive environment.
This is to be enjoyed by the area's residents and by the rest of
greater Munich's 2.1 million residents, who will come to stroll,
relax and commune with nature in it. |
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Now being completed: five major complexes |
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| Synergy Online AG and the city of Munich signed an agreement in February, 2000. It calls for the construction of an office complex on a 16,500 square meters-large site adjoining the area's geographic center. As is the case with the company's other development, located in downtown Munich, the complex will house 40 high-tech companies. They will avail themselves of the ICT backbone and other advanced amenities built into the complex. Entailed in the DM 170 million project is the redevelopment of the site's 'Coat-of-Arms-Hall' into a venue for inter-corporate communication. This building is well known to millions of air passengers. For more than five decades, it served as the main departure hall of Munich Airport, which was moved in 1992 from MS Riem to a site some 14 kilometers to the north. | |
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Set for completion in 2003, this complex will be one of the anchors of MS Riem's Northwest Business Park. The 75,000 square meters of parcels made available in the park's first tranche of development have also been purchased by Nemetschek, one of Germany's hottest developers of software used by the construction sector, by Lemo Elektronik GmbH, a producer of specialized components for the electronics industry, and by other fast-growing high-techs. The buildings owned by Nemetschek and Lemo Elektronik have been completed. The companies have taken up residence there. Equally successful is the park's counterpart to the east. The Northeast
Business Park's first tranche covers 54,000 square meters. All of
the tranche's 24 parcels have either been sold or are spoken for.
The purchasers are predominately skilled trades, logistics and other
SMEs (small and medium-sized enterprises). |
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| Many of the three developments'
staff members will live on-site in the city, whose first area of residential
development, comprised of innovatively-designed apartment buildings
and townhouses, is now home to some 1,600 residents. The companies
based in MS Riem will employ a total of 13,000 persons by project
completion. Set for completion in 2003, a DM 650 million complex will join the growing number of stores and restaurants lining MS Riem's streets in serving the local residents' needs for quality shopping and dining. |
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"Riem Arcades" has been planned and is owned by DIFA Immobilien Fonds AG (Hamburg) and mfi AG (Essen). The complex will also house a multiplex cinema, a hotel, large-sized meeting and performance spaces, and an office complex. |
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| "Demand for developable commercial
space in Munich is running white hot," reports Gabriele Friderich,
head of the municipality of Munich's department of civic affairs.
She adds: "As the property sales figures and the number of inquiries
about and bids for the plots now being made available amply detail,
MS Riem is one of the hottest areas in this very hot city." "What this all means: MS Riem is now well in the midst of its takeoff phase," concludes Friderich. |
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Information on the sale of properties,
including the conditions and prices at which they are being offered
Municipality of Munich Department of Civic Affairs Ms. Gertraud Roth Roßmarkt 3 D-80331 Munich Tel.: (+49-89) 233 226 53 Fax: (+49-89) 233 212 38 E-Mail: gertraud.roth@muenchen.de Internet: www.immo.muenchen.de |
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Information on the municipality of Munich's portfolio of commercial
property
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