AEW invests in German office market

AEW invests in German office market

AEW, acting on behalf of the recently launched AEW Europe Value Investor II Fund (EVI II), has acquired an office building in Munich-Riem. The vendor is KanAm Grund. The purchase price was not disclosed.


Located at Hanns-Schwindtstrasse 2-4, the asset, known as the Accor Building, comprises 7,629m² of office space and is fully let to AccorInvest GermanyThe property also boasts a parking facility for 115 vehicles.


EVI II focuses primarily on identifying office properties with upside potential in established and developing locations in Europe's most liquid markets. The Fund has raised €210m in equity commitments at first close and is targeting total equity of approximately €500m which will provide a total investment capacity of circa €1bn. 


AEW was advised by Hogan Lovells and GSK Stockmann and CBRE advised the seller.

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