Coros completed the acquisition of Gustav office complex from Ardian.

Coros, a real estate company, completed the acquisition of Gustav office complex in Munich’s up-and-coming Neuperlach district from Ardian, a private investment house. Financial terms were not disclosed. The property was built in 1990 and acquired by Ardian Real Estate in 2017. In 2020, the office complex was renamed “GUSTAV” and underwent extensive modernizations in 2020 and 2021. The measures implemented by Ardian Real Estate include, among other things: redesigning the lobby and the common areas, renovation of all sanitary facilities, redesigning the outdoor facilities, modernizing the brick façade, renovation of the underground parking garage, establishing a barrier-free design of the main and side entrances and installing ductwork to retrofit the entire building for central air conditioning.