AEW and Trammell Crow Company have acquired a site in Germany to develop an 11,000sqm last-mile urban industrial facility.
The partnership has acquired the 16,750sqm site on the outskirts of Munich, for an undisclosed sum, marking the sixth German project for AEW’s urban light-industrial platform, ULLIS.
The ULLIS Park Munich South project in Taufkirchen is expected to be completed and ready for tenant occupation by late 2026.
Niklas Räther, head of investments Germany at AEW, said: “This acquisition presents a strategic opportunity to enter the highly constrained industrial space market in Munich, where demand continues to be robust.
“The land acquired is located in a target market for ULLIS, providing access to this densely populated region in Germany. The asset is situated within a 30-minute reach of about 1.5m residents, making it ideally suited for last mile distribution activities.
“We look forward to working in partnership with TCC, with whom we have successfully delivered high-quality projects across Germany and Europe.”
Maximilian Moser, SVP at Trammell Crow Company, said: “Munich is one of the most competitive industrial markets in Europe, and securing this site underscores our strategy of focusing on locations where supply is limited but demand is consistently strong.
“ULLIS Park Munich South will combine sustainability, flexibility and connectivity, making it ideally suited for occupiers seeking modern space close to Germany’s key urban centres.
“We are delighted to continue our successful collaboration with AEW, whose long-term commitment to the sector complements our own ambitions to deliver best-in-class industrial facilities.”
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