Major $121M Australian real estate deal for German family office

german real estate family office

This article directly stems from the research process for our European single family office database. Our list of German single family offices includes the most important family investment vehicles that invest in various areas, such as financial markets, real estate, venture capital, private equity and renewables.

AM Alpha is a major European real estate family office that is globally active. A recent deal shows the deep market knowledge of the German investment firm: a logistics object in Adelaide, Australia, was sold for $121M. The property was just bought in 2021. So, in only one year, the firm realized a profit over $20M.

Prime Australian logistics object

The now sold objet is located at Northern-Adelaide city quarter Penfield. It is let in a long-term contract to Treasury Wine Estates. The property comes with a 10.95ha plot and consists of two buildings with 45,000 sqm space. The $98M purchase in 2021 was one of the largest logistics deals in Southern Australia back then. Now, a local asset manager took the building over.

AM Alpha: Active European real estate family office

AM Alpha belongs to the most active European real estate family offices. For instance, in Paris 2eme arrondisement it aquired the prime object 20 rue de la Banque. In Singapore, it acquired an office located at Robinson Road 112 for $198M. In London, it aquired the “Labs House” building which was errected in 1928 and reworked in 2019. The international real estate portfolio of the German family office consists of prime real estate. AM Alpha stems from the hemisphere of German real estate entrepreneur Wolfgang Egger, who founded the major real estate investor PATRIZIA SE.

Picture source: Gilly Tanabose
Source: AM Alpha, 20.09.2022

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