The ALP.X Group, a Munich-based investment manager and project developer specialising in real assets, has acquired an approximately 85,000 square metre plot of land in Munich-Trudering together with a fund advised by Ginkgo Advisor. This area is part of the future GUTE UTA district on Rappenweg, which is one of the significant district development projects in the Bavarian capital.
The acquisition was made as part of a joint venture. The joint venture will take responsibility for the development of the site in close coordination with Bayerische Hausbau Development. The GUTE UTA district is a central undertaking in Munich's urban development. Across the entire planning area of approximately 25.5 hectares, 2,000 to 2,700 residential units are planned. A substantial proportion of these, about half, is intended for subsidised housing.
Legal advice and company profile
The ALP.X Group received comprehensive legal advice for this transaction from a CMS team led by Laura Christin Stein. The law firm CMS had previously provided legal support to the ALP.X Group. The advice covered both German law and Luxembourg aspects, which were relevant for the structuring and implementation of the joint venture and the acquisition of the development site. The CMS team was also responsible for overseeing all transaction documentation.
The ALP.X Group focuses on real estate and infrastructure investments and combines expertise in investment, development and asset management. The company has an experienced team from the real estate, infrastructure and private markets segments. ALP.X Group's projects include, among others, the development of complex urban districts and infrastructure projects in the renewable energy sector.
