Trammell Crow Company and AEW acquire 16,750 sqm last mile industrial development in Munich, Germany

Trammell Crow Company (TCC), a leading commercial real estate developer, has acquired a 16,750 sqm land plot in Taufkirchen, on the outskirts of Munich, for the development of ULLIS Park Munich South, a c.11,000 sqm Grade A last mile urban industrial facility.

This project is being delivered in a joint venture with AEW, one of the world’s leading real estate investment and asset managers. This acquisition further expands TCC and AEW’s growing portfolio of high-quality logistics projects across Germany and Europe.

The new asset will offer flexible space with the potential to accommodate up to seven units across two buildings. The scheme will feature PV panel installation, a green roof and will target a minimum DGNB Gold certification, Germany’s market leading building certification system. The buildings will be delivered and available to future tenants by Q4 2026.

ULLIS Park Munich South will be built in a prime location for last-mile activities, with direct access to the M995 motorway and Munich city centre via the city’s ring road. Munich is the third largest city in Germany, with approximately six million people living in its metropolitan area, and the second biggest contributor to GDP in the country. This combination of population density and purchasing power makes the region one of the most attractive industrial markets in Germany, yet also one of the most supply constrained.

Maximilian Moser, Senior Vice President at Trammell Crow Company, said:
“Munich is one of the most competitive industrial markets in Europe, and securing this site underscores our strategy of focusing on locations where supply is limited but demand is consistently strong. ULLIS Park Munich South will combine sustainability, flexibility, and connectivity, making it ideally suited for occupiers seeking modern space close to Germany’s key urban centres. We are delighted to continue our successful collaboration with AEW, whose long-term commitment to the sector complements our own ambitions to deliver best-in-class industrial facilities.”