Real estate manager AEW has acquired a life science asset on behalf of its open-ended panEuropean core fund from Aventin Real Estate.
AEW’s Eurocore fund has made its debut investment in the German life sciences market, with the acquisition of the fully-let 10,900 square meter asset in Gräfelfing, Munich, for an unspecified sum.
The latest deal brings Eurocore’s total portfolio to €525 million in assets under management, comprising 320,000 square meters of space across logistics, residential, office and life sciences sectors in strategic locations in Germany, the Netherlands, France, Denmark, Italy, Austria and Spain.
Source: realassets.ipe.com on the 27th of October