JP Morgan Global Alternatives snaps up German offices

Office_buildingsJP Morgan Global Alternatives has acquired a portfolio of German offices from Aspen Real Estate for an undisclosed sum.

The 48,000 square metre portfolio consists of three properties in Munich, Dusseldorf and Dortmund.

The properties were built between 2008 and 2014 and are fully let.

Aspen Group is a publicly-traded real estate company registered on the Israeli stock exchange. The group has over 30 years of experience in real estate and is active in Israel as well as in Europe.

JP Morgan Global Alternatives is the alternative investment arm of JP Morgan Asset Management and has more than $146 billion (€130 billion) in assets under management.

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