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JP Morgan AM acquires German office portfolio

A fund managed by J.P. Morgan Asset Management has acquired an office portfolio consisting of 3 properties located in Greater Munich, Dusseldorf and Dortmund, from Aspen Real Estate Investments.

The properties were built between 2008 and 2014, have a total lettable area of 48,000m² and are fully let. The transaction was originated and advised by Tagor Group. J.P. Morgan Asset Management was advised by Hengeler Mueller and Ernst & Young. The purchase price was not disclosed.

Source: RLI Media Partner: Europe RE