CM Immobilien Entwicklung GmbH has sold the almost fully let “Von Steuben No. 10” medical and office building to a regional family office.

The new owner plans to hold the acquired building as a long-term property investment and manage it directly. The purchase price was not disclosed.

CM converted the former public health office into a six-storey complex with 4,600 m² of usable space in a well-connected central location, creating units for group practices, individual doctors and offices. The project was completed in 2012.

In CM’s view, the sale demonstrates that the area around Münster’s main railway station is becoming an increasingly attractive location. Essen-based brokerage firm Brockhoff Immobilien GmbH acted as intermediary in the transaction.