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Germany: The Base has signed a 20-year lease for a coliving building at Landsberger Straße 390 in Munich, which includes 204 apartments spanning 6,800 square metres.
Set to open in 2029, the property will be The Base’s second location in Munich. The property belongs to a Munich-based entrepreneur with his own family office. BelForm and companies within the Oeckl Group supported the searched for an operator on behalf of the owner. For the selection process, operators submitted their proposals based on an apartment block concept that brings together the location, target audience and target rent.
“Many people who are new to Munich find themselves on their own at first,” said Florian Färber, founder and CEO of The Base. “The Base is our response to this urban isolation, and Landsberger Straße is exactly the right location for it. Through BelForm’s structured matching process, we were able to give the owner the certainty he needed for such a long-term partnership.”
Benjamin Oeckl, founder and managing director of BelForm, added: “A commercial apartment block needs a professional operator — one who understands what the target group expects at this location and at this rent, and who can turn it into a temporary home that keeps guests coming back. In our structured operator-matching process, The Base proved to be the best partner for the owner, the location and the property.”
Highlights:
- German coliving operator The Base has signed a 20-year lease for a commercial coliving development at Landsberger Straße 390 in Munich, marking its second location in the city
- The development will comprise 204 apartments across approximately 6,800 square metres of gross floor area and is scheduled to open in 2029
- The property belongs to a Munich-based entrepreneur with his own family office. BelForm and companies within the Oeckl Group supported the owner in selecting a long-term operator through a structured operator-matching process
- The selection process assessed proposals against an apartment block concept incorporating the property’s location, target audience and target rental levels. The Base was selected as the preferred operator for the development
- The project aims to provide temporary accommodation and foster social connections for people relocating to Munich, addressing urban isolation through The Base’s community-focused coliving concept
