M7 Real Estate sells fund property in Ottobrunn, Bavaria
M7 Real Estate, the pan-European investor and asset manager specializing in multi-tenanted properties, acting on behalf of the M7 European Real Estate Investment Partners IV fund (M7 EREIP IV), has sold a light industrial property in Ottobrunn, Bavaria.
The purchase is via a joint venture between the real estate multifamily office PAMERA Real Estate Partners and the Accumulata Real Estate Group (Accumulata). Ottobrunn, situated to the south of Munich, is a well-regarded high-tech location where a number of aerospace, energy and security companies are based.
The property, at Lise-Meitner-Strasse 10.1/10.2, provides approximately 7,300 square meters (78,580 square feet) of storage and office space and also includes 66 car parking spaces. The tenants are Airbus, Apleona and SV Haustechnik GmbH.
Tobias Döscher, head of transaction management at Accumulata Real Estate Investment Management GmbH, said, “By purchasing the property we are continuing to impl