AEW has acquired a 10,900-square-meter (117,326-square-foot) newly built, fully let life sciences asset from Aventin Real Estate, in Gräfelfing, Munich, one of Germany’s and Europe’s leading life sciences hubs. This transaction was made on behalf of AEW’s open-end pan-European core fund, EUROCORE, and marks AEW’s first investment in Germany’s life sciences market.
The class A asset features modern and flexible office and highly efficient laboratory spaces across a six-story building. It is fully let to three international leading life sciences companies and primary institutional-grade tenants. The asset has a WAULT of approximately 10 years.
Constructed between 2022 and 2024, the building boasts strong sustainability credentials, including PV installations, district heating, e-charging facilities, and smart building and heating systems. It obtained the LEED Platinum certification.
Strategically situated in one of Germany’s foremost life sciences and
