M7 Real Estate sells property in Ottobrunn, Bavaria, to Accumulata-PAMERA JV
08/04/2021 - 9:48am
M7 Real Estate (M7), a pan-European investor and asset manager specialising 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 multi-family office PAMERA Real Estate Partners and the Accumulata Real Estate Group (Accumulata). Ottobrunn, situated to the south of Munich, is a 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 around 7,300 sq m of storage and office space and also includes 66 car parking spaces. The tenants are Airbus, Apleona and SV Haustechnik GmbH.