The real estate investment arm of France’s Caisse des Dépôts (CDC) is acquiring a 6,200sqm residential asset in the southeast of Germany from an unnamed global investment manager.
CDC Investissement Immobilier has invested an undisclosed amount to acquire the residential building in Munich.
Luwin Real Estate advised CDC on the acquisition and will be in charge of the asset management.
The 75-unit apartment building near Hirschgarten park in Neuhausen-Nymphenburg, is CDC’s second German residential deal this year.
This follows the manager’s partnership with Covivio on a portfolio of eight properties in Berlin’s city centre.
A previous version of this article incorrectly indicated that CDC purchased the property from Luwin Real Estate. In fact, Luwin Real Estate acted as an adviser to CDC during the acquisition process and will now be responsible for managing the asset.
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