Montano Real Estate and Gold Tree hand over 7,000 sqm of thoroughly renovated property in Bonn to the Federal Network Agency

• Building modernised according to the latest standards
• Lease agreement with the Federal Real Estate Agency for use by the Federal Network Agency extended ahead of schedule

Munich, 20 October 2022 - Montano Real Estate GmbH ("Montano", ), one of the leading independent investment managers in the German commercial real estate market, has handed over a property in Bonn to the Federal Network Agency on schedule after being modernised to the latest standards on behalf of the tenant. The property leased to the Federal Real Estate Agency („Bundesanstalt für Immobilienaufgaben“) is House 7 at Tulpenfeld in Bonn, which is located in front of the former Federal Press Conference building and is used by the Federal Network Agency. The lease was extended ahead of schedule in the course of the modernisation. Montano has managed the Tulpenfeld complex for Gold Tree Group since its purchase in 2014.

As part of the modernisation of the listed building, which took just under a year, the entire usable area of approx. 7,000 sqm was completely renovated and equipped with energy-saving LED lighting, among other things, taking into account ESG standards. All rooms were refurnished to a high standard and the conference rooms were equipped with state-of-the-art media technology. In addition to measures to ensure accessibility, monitored lock and gatekeeper systems were installed in the entrance areas, taking into account the user's security concept.

The project, managed by GP Ingenieurgesellschaft from Cologne (responsible project control) and Kastien Architekten from Düsseldorf (object planning), was implemented within the cost, schedule and quality specifications agreed upon in the rental contract with BIMA, despite all market adversities.

"I am very pleased about the positive completion of this project, because on the one hand it proves our ambition to make existing properties fit for the future by enabling them to operate more sustainably," says Sebastian Schöberl, co-founder and Managing Partner of Montano Real Estate. "On the other hand, the completion on time and on budget is a fine testament to our quality as an asset manager. The project also pays tribute to our many years of experience in the field of real estate leased to government users."

About Montano Real Estate
Montano Real Estate GmbH is one of the leading independent investment specialists in the German commercial real estate market with offices in Munich, Frankfurt and Berlin. Institutional investors can find safe and particularly high-yield investment products that match their risk profile at Montano. Founded in 2013 by Ramin Rabeian and Sebastian Schöberl, the company's extensive experience in asset management for institutional and international investors has ensured steady growth and lucrative increases in value well above the market level.

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Montano Real Estate GmbH
Lenbachplatz 5
80333 Munich, Germany
Phone 80 0
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