LaSalle to develop Munich’s first hybrid timber office building

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