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Germany: Serviced apartment operator Bob W has signed a long-term lease for a building in Munich, Arnulfpark district, marking its fifth property in the city.
The five-storey, 1,500-square-metre property on Lilli-Palmer-Strasse, formerly a boarding house, is scheduled to open later this winter. It sits next to Donnersbergerbrücke station in Munich’s Tech Quarter.
Four floors will be converted into fully furnished studio and one-bedroom apartments, while the top floor remains in office use. An underground garage will provide guest parking.
The asset was acquired by Peterborough Capital and DW Real Estate, who will oversee redevelopment.
The project follows Bob W’s previously announced properties in Schwabing, Old Town, Münchner Freiheit, and Munich Airport, bringing its total footprint in the Bavarian capital to five.
Germany remains a key growth market for the Helsinki-based operator, with further projects signed in Berlin, Hamburg, Stuttgart, Cologne, and Dortmund.
Niko Karstikko, co-founder and CEO of Bob W, said: “Munich is one of Europe’s most supply-constrained hospitality markets, and Arnulfpark is exactly the type of location where we see long-term opportunity. With our tech-powered, design-led apartments, we’re helping landlords transform existing assets into sustainable, flexible accommodation while giving guests and companies a smarter alternative to hotels and short-term rentals.”
Dominik Sailer, managing director at DW Real Estate, said: “Arnulfpark has emerged as one of Munich’s most dynamic districts, and we see strong long-term demand for high-quality, flexible accommodation here. Partnering with Bob W allows us to reposition the building with an operator that not only brings proven expertise in serviced apartments, but also a digital-first model and sustainable approach that align with how people want to live and work today.”
Highlights:
• Bob W has signed its fifth property in Munich, located in Arnulfpark.
• The 1,500-square-metre building will open as serviced apartments in winter 2025.
• Four floors will host studio and one-bedroom units while the top floor will remain office space.
• A refurbishment is planned for 2026.
• The asset is owned by Peterborough Capital and DW Real Estate.
