Munich's Iconic Oberpollinger Sold for €380 Million in Major Q4 2025 Transaction

Local Investor Erich Schwaiger Acquires Oberpollinger for €380 Million

The sale of the Oberpollinger department store in Munich to local investor Erich Schwaiger for €380 million marks a significant milestone in the German commercial real estate market. Concluded in the fourth quarter of 2025, this transaction highlights a resurgence in investor confidence and a notable recovery in the prime retail property sector. The iconic department store, located in the heart of Munich, has long been a symbol of the city's retail strength and its sale signifies a renewed interest in high-value retail properties. Schwaiger’s acquisition reflects both a strategic investment in a historic property and a belief in the continued growth of Munich's retail market.

Munich's Retail Market Experiences Renewed Growth in 2025

Munich’s retail property market has shown signs of recovery in recent months, bolstered by key transactions such as the Oberpollinger sale. According to Hypofriend, Munich's commercial real estate saw a substantial increase in investment volume, reaching levels not seen since before the pandemic. The city has maintained its allure for investors due to its robust economic fundamentals and high consumer spending. Notably, Munich's retail sector has benefited from a steady influx of tourists and a growing local population, driving demand for premium shopping experiences. The sale of Oberpollinger is a testament to the city's enduring appeal to investors seeking stable, long-term returns.

Munich's commercial real estate saw a substantial increase in investment volume, reaching levels not seen since before the pandemic.

Investor Confidence Rebounds Amid Economic Recovery

The successful transaction of Oberpollinger reflects a broader trend of recovering investor confidence in Germany's real estate market. According to Cushman & Wakefield, there has been a marked increase in investment activity across the country's commercial property sectors in late 2025. This resurgence is partly attributed to a stable economic outlook and favorable financing conditions. With mortgage rates remaining relatively low, investors are finding opportunities in Germany's prime retail locations. The deal underscores a strategic shift towards high-quality, well-located assets as investors position themselves to capitalize on the post-pandemic recovery.

Oberpollinger: A Prime Asset in Munich's Retail Landscape

The acquisition of Oberpollinger is significant not only for its size but also for its prime location and historic value. Situated in the bustling heart of Munich, the department store has been a cornerstone of the city’s retail landscape. Local investor Erich Schwaiger's purchase is a strategic move that highlights the importance of location and brand heritage in real estate investments. As per Asset Physics, high-street retail properties in key European cities continue to attract premium valuations due to their potential for high foot traffic and brand recognition. Oberpollinger’s value is further enhanced by Munich’s reputation as a leading retail destination in Germany.

Insights from RealEstateAbroad.com Analysts on Market Implications

According to Maya Tarek, Senior Analyst at RealEstateAbroad.com, the Oberpollinger sale is a clear signal that Munich’s retail real estate market is robust and capable of attracting substantial investment. "This transaction not only reflects the appeal of Munich’s retail sector but also indicates a broader recovery trend in the market," Tarek explains. RealEstateAbroad.com analysis sug

"This transaction not only reflects the appeal of Munich’s retail sector but also indicates a broader recovery trend in the market," Tarek explains.

gests that prime retail properties will continue to be highly sought after, driven by demand for quality assets in strategic locations. Investors are advised to consider Munich’s retail market as a viable investment option, particularly those seeking stable, long-term returns in a recovering economic environment.

Future Prospects for Munich's Retail Property Market

Looking ahead, the sale of Oberpollinger is expected to set a positive precedent for future transactions in Munich’s retail sector. According to Jarnias Cyril, the luxury property market in cities like Munich and Berlin is poised for further growth, driven by increased demand from both domestic and international investors. The continued economic recovery and attractive financing conditions are likely to sustain interest in prime retail assets. As the market gains momentum, investors can expect more large-scale transactions that underscore Munich’s status as a key player in the global retail property market. The Oberpollinger sale is a bellwether for the city’s ability to attract major investment and drive growth in the post-pandemic landscape.