LaSalle Investment Management has plans to develop Munich’s first hybrid timber office building, in collaboration with ACCUMULATA Real Estate Group.
“This is an industry-leading and best-in-class project. The first of its kind in Munich, its design in accordance with circular economy principles and resource-conserving operation will serve as a benchmark in sustainable real estate,” said David Ironside, fund manager of Encore+ at LaSalle Investment Management. “Located in one of the most sought-after office submarkets in Munich, the property will be extremely well placed to meet the ever-evolving demands of future tenants around sustainability, quality, amenities and infrastructure, while providing attractive long-term returns for our investors.”
The building is being constructed on behalf of Encore+, LaSalle’s flagship pan-European fund.
Situated on Elsenheimerstrasse in the city’s Westend district, the office building will have a floor area of app
