JP Morgan Asset Management and Ivanhoé Cambridge announce the signature of a purchase-and-sale agreement of an office building in Munich, Germany.
The property, which is occupied by multiple tenants, is located at 75 Kistlerhofstraße in Munich-Obersendling, south-west of the city centre. Featuring 32,700 m2 (352,000 ft2), it has six floors and 510 parking spaces.
Ivanhoé Cambridge was advised by Linklaters and BNP Paribas Real Estate, JP Morgan Asset Management was advised by GSK.
About JP Morgan Asset Management – Global Real Assets
J.P. Morgan Asset Management – Global Real Assets has approximately $64.5 billion in assets under management and more than 400 professionals in the U.S., Europe and Asia, as of September 30, 2012. With a 40-plus-year history of successful investing, J.P. Morgan Asset Management – Global Real Assets’ broad capabilities provide many of the world’s most sophisticated investors with a global platform of real estate, infrastructure, maritime/transport and energy strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions.
JP Morgan Asset Management is part of JPMorgan Chase & Co. and is a global asset management leader providing world-class investment solutions to clients. With US$1.4 trillion in assets under management (the Asset Management client funds of JPMorgan Chase & Co. as at 31 December 2012) and offices in 41 Locations around the world, J.P. Morgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.