SWMunich Real Estate, a joint venture between KGAL and Logo Partners, is to develop and operate a €300 million, 20,000-capacity, multi-purpose concert and convention centre beside Munich Airport.
Freising City Council has given the plans approval in principle.
In what is said to be a first for Germany, the arena will be climate-neutral. The arena, which is being designed by London-based architectural firm Populous will also meet the requirements of both concerts and live entertainment events and the developers said that they are pursuing a concept that will set new quality bench-marks for external architecture and interior design as well as aspects such as sustainability, transportation, and the environment.
There is currently no comparable venue in the metropolitan area of Munich and Deloitte has estimated that the gross added value for Freising and the region will be around €285 million per year.
“Construction and operation of Germany’s most sustainable concert arena will provide a significant cultural and economic boost for the region and make it even more attractive to tourists. The arena will help to make the Munich metropolitan region and the state of Bavaria future-proof and internationally competitive in the event sector,”said KGAL CEO Gert Waltenbauer, who is also a director of SWMunich.
The arena will be located next to technology and innovation centre LabCampus, beside Munich Airport. Designs envisage several thousand solar panels on the roof of the arena and around the site, and there will be potential for geothermal energy and district heating.