16th September 2022
AEW, the global real estate investment manager, announces that it has completed the development of Mach2 in Hamburg, the first multi-storey logistics development in Germany and the wider DACH region. The delivery of the building represents the successful completion of a blueprint project that AEW now expects to replicate across its logistics platforms as a sustainable solution to the shortage of land for projects in an and around densely populated cities.
Mach2 comprises a total of c.124,330 sqm of Grade A space across two buildings with a total of three floors, including office and mezzanine areas. The property was 100% pre-let ahead of completion with occupiers including aircraft manufacturer, Airbus, JYSK, the furnishing company, IT business, Bechtle, and Picnic, the online food retailer. Mach2 has been developed in collaboration with the contractor GSE and project developer Four Parx, a long-term partner having worked alongside AEW on the Mach2 project from inception through to attracting the tenant base.
AEW is one of the world's largest real estate asset managers, with €87.7bn of assets under management as at 30 June 2022. AEW has over 800 employees, with its main offices located in Boston, London, Paris and Hong Kong and offers a wide range of real estate investment products including comingled funds, separate accounts and securities mandates across the full spectrum of investment strategies. AEW represents the real estate asset management platform of Natixis Investment Managers, one of the largest asset managers in the world.
As at 30 June 2022, AEW managed €39.7bn of real estate assets in Europe on behalf of a number of funds and separate accounts. AEW has over 450 employees based in 10 offices across Europe and has a long track record of successfully implementing Core, Value-Add and Opportunistic investment strategies on behalf of its clients. In the last five years, AEW has invested and divested a total volume of €21bn of real estate across European markets.
Gross asset value as of 30 June 2022. Total AEW AUM of $91.6 billion includes $39.1 billion in assets managed by AEW SA and its affiliates and $208 million in advisory/subadvisory, wrap and other accounts for which AEW Capital Management provides only a model portfolio. Client staff and offices include AEW Capital Management and AEW Europe SA and their respective subsidiaries. AEW includes (i) AEW Capital Management, L.P. in North America and its wholly owned subsidiaries, and (ii) affiliated company AEW SA and its subsidiaries. AEW Capital Management is AEW SA's sister company and is commonly owned by Natixis Investment Managers.