AXA IM Alts has received planning consent and launched the construction of The Stack, a c. 16,000m2 timber hybrid office asset in the centre of Munich.
The Stack, which is expected to be completed by the end of 2025, will be developed in partnership with Accumulata. The project will deliver 6 floors of high-quality office space, alongside three basement floors, a ground floor and several accompanying amenities on the corner of Schwanthalerstrasse and Goethestrasse in the centre of Munich. The scheme, designed by Wilmotte & Associes Architectes, aims to achieve market-leading environmental credentials, combining a sustainably sourced timber hybrid construction method with green energy technology and biophilic design features to reduce energy demand considerably compared to a typical new-build development. Additional smart building technology will regulate indoor air quality and enable highly efficient local climate and lighting control, supporting enhanced workplace productivity and well-being.
Just a five-minute walk from Munich Central Station and within easy reach of the city’s international airport, The Stack will offer occupiers strong connectivity. The Stack occupies a prominent position in Munich’s central business district, where demand for modern, sustainable office space far exceeds current levels of supply, which is expected to be further exacerbated by a limited development pipeline. Munich’s increasingly prominent role in the German economy, alongside the improved connectivity of the city resulting from significant infrastructure upgrades, supports sustained demand.
Germain Aunidas, Global Head of Development at AXA IM Alts, commented: “The launch of The Stack presents an attractive opportunity to address the undersupply of prime sustainable office space in Munich’s CBD, particularly given the area’s improved connectivity resulting from the significant redevelopment of the nearby Munich Central Station. With construction works now underway, The Stack will pair market-leading sustainability credentials with a technology-led focus on workplace wellbeing, delivering new, high-quality office space that meets the evolving requirements of top-tier occupiers and aligns to our global investment convictions.”
Jean-Michel Wilmotte, Architect, Urban planner and Founder of Wilmotte & Associés Architectes, added: “Recent advances in timber hybrid construction techniques present exciting opportunities to deliver new sustainable space at scale. The Stack is a prime example of the progress being made, leveraging cutting-edge timber elements to deliver a striking asset which benefits both occupiers and the planet. Situated in the heart of Munich, The Stack will offer employees exceptional local amenities and cultural experiences whilst also creating a workplace environment which puts wellbeing at the fore.”