AEW Europe, one of the world’s largest real estate investment and asset managers[1], announces the acquisition of a newly built Grade A logistics asset located in Pfungstadt in the Rhine-Main region of Germany. The asset was acquired from the German developer Ixocon.
Completed at the end of 2024, the asset comprises 10,680 sqm of modern space fully let to a leading global transport and logistics company on a long-term, index-linked lease, generating a robust income stream. Designed to high specification with a DGNB GOLD certification, the building includes features such as a PV rooftop system, air heat pumps, an LED lighting system, e-charging stations, and attractive office and social areas[2].
The asset is strategically positioned in the Rhine-Main region near Frankfurt, a key economic hub, and is located within a well-established industrial and commercial area that benefits from excellent accessibility and connectivity. The site is conveniently situated near the A67 and A5 motorways, providing access to the entire Frankfurt metropolitan area, including the international airport and other key cities in the Rhine-Main and Rhine-Neckar regions. Pfungstadt has strong public transport options, connecting the area to nearby towns.
AEW Europe currently manages a growing portfolio in Germany totalling 2.2 million sqm across the logistics, office, retail, and residential sectors in key metropolitan areas, including Frankfurt, Hamburg and Munich.
Niklas Räther, Head of Investment Germany at AEW Europe, says: "Located in one of the most sought-after logistics corridors in Germany, where the availability of modern space is low, the Pfungstadt asset represents an attractive opportunity to strengthen our presence in the German logistics market. The building is let to an investment-grade tenant and combines several technical ESG credentials, providing inflation-hedged rental income and stable cashflow. Additionally, it is situated in an excellent location, offering access to a consumer pool of over seven million people within a 60-minute drive.”
For this transaction, AEW Europe was advised by Hogan Lovells, TA Europe and Nova Ambiente.
Photo credits: ©Ixocon.
[1] Source: 2025 IRE.IQ Real Estate Managers Guide”. The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2024.
[2] Additional information on ESG practices is available upon request.
About AEW
AEW is one of the world's largest real estate asset managers, with €73.8bn of assets under management as at 30 June 2025. AEW has over 860 employees, with its main offices located in Boston, London, Paris and Singapore and offers a wide range of real estate investment products including comingled funds, separate accounts and securities mandates across the full spectrum of investment strategies. AEW represents the real estate asset management platform of Natixis Investment Managers, one of the largest asset managers in the world.
As at 30 June 2025, AEW managed €35.8bn of real estate assets in Europe on behalf of a number of funds and separate accounts. AEW has over 520 employees based in 11 offices across Europe and has a long track record of successfully implementing Core, Value-Add and Opportunistic investment strategies on behalf of its clients. In the last five years, AEW has invested and divested a total volume of almost €15bn of real estate across European markets.
[1] Source: “2024 IREI.Q Real Estate Managers Guide”. The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2023.