Accumulata and Pamera acquire mixed-use property in Ottobrunn (DE)

Accumulata and Pamera acquire logistics property in Ottobrunn (DE)

M7 Real Estate has sold a light industrial property in Ottobrunn, Bavaria. The purchase is via a joint venture between the real estate multi-family office PAMERA Real Estate Partners and the Accumulata Real Estate Group. Ottobrunn, situated to the south of Munich, is a well regarded high-tech location where a number of aerospace, energy and security companies are based. The property, at Lise-Meitner-Strasse 10.1/10.2, provides around 7,300m² of storage and office space and also includes 66 car parking spaces. The tenants are Airbus,Apleona and SV Haustechnik. M7 acquired the property on behalf of M7 EREIP IV in 2017, since when it has acted as asset manager. Following the acquisition, M7 implemented an asset management strategy including securing new tenants and extending existing leases. This has resulted in increasing the occupancy to 84%.


Richard Fletcher, Head of Transactions M7 Real Estate Germany, commented: “Since acquiring the property, by implementing an active management programme, we have succeeded in reducing the vacancy level and have improved the cash flow. In line with our business plan, we have now decided to exit from the property, in order to secure an attractive return for our investors.”


Tobias Doscher, Head of Transaction Management at Accumulata Real Estate Investment Management GmbH, explained: “By purchasing the property we are continuing to implement our strategy of assembling a portfolio of properties with stable cash flow and potential for value growth. We had already acquired a similar property, in neighbouring Christa-McAuliffe-Strasse, last year. We see robust value appreciation potential for both the location and the investment. As we will be taking over the future asset management of the property, we can develop it sustainably, in accordance with our corporate philosophy.”


Christoph Zapp, founder and managing partner of PAMERA, added: "The acquisition of this property is in line with our plans to expand our portfolio and to increase our commitment in the area of joint ventures in 2021. We are delighted to have Accumulata as a partner in order to further develop the property and to generate stable returns for our investors."

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