Avison Young’s Investment Management group has completed its fifth German portfolio acquisition on behalf of institutional Canadian pension plans. The four-story mixed-used property in Leinfelden-Echterdingen near Stuttgart, Germany, achieved Gold certification from the German Sustainable Building Council (DGNB).
The seller is Core Development GmbH. The parties have agreed to not disclose the purchase price.
“Structured as a forward commitment, the redevelopment involved reconfiguring and modernizing a manufacturing facility built in 1940 into a mixed-use, state-of-the-art facility. We are pleased the property achieved both DGNB Gold certification and near full lease-up prior to completion,” said Amy Erixon, Avison Young principal and global head of investment management. “The purchase demonstrates our focus on long-term strategies backed by a deep understanding of market dynamics to deliver returns for our clients across the investment lifecycle and in keepin
