PAMERA achieves EUR 300 million acquisition volume in 2024, expands portfolio in Munich and New York

PAMERA Real Estate Partners, a family-owned investment office specializing in real estate, closed a robust 2024 with the acquisition of two significant properties, rounding off a year that saw the company’s total transaction volume exceed €300 million. The acquisitions further expand PAMERA’s diverse portfolio across Germany and the United States.

One of the newly acquired properties is a medical centre situated at Sauerbruchstraße 48 in Munich’s Grosshadern district. The 3,000-square-meter property, fully leased and built in 2004, was purchased from an international private equity fund. It houses several medical practices and a PENNY supermarket, which serves as the anchor tenant under a long-term lease. Located near the Klinikum Großhadern and the U6 underground station, the property is ideally positioned for its current use. PAMERA plans to retain the asset for the long term, emphasizing its strategic importance. The seller was represented by Savills in the transaction.

The second acquisition, marking PAMERA’s expansion in the U.S., is an apartment building located at 308 East 78th Street in New York City’s Upper East Side. This fully leased property includes 37 residential units and two retail spaces. PAMERA acquired the building in partnership with PEAK Capital Advisors as its local partner. The company has planned substantial renovations for the property, with investments amounting to several million dollars over the next few years.

In total, PAMERA completed eight acquisitions in 2024, with a significant portion of activity focused on the U.S. market. Three transactions were executed in the metropolitan areas of New York City and Denver, Colorado. PAMERA’s recently established New York office played a critical role in these investments, supporting German family offices and high-net-worth individuals seeking opportunities in the North American real estate market. The firm’s U.S. strategy focuses on high-growth Sunbelt states and key metropolitan hubs like New York and Boston, with occasional forays into the Canadian market.

Reflecting on the achievements of 2024 and the outlook for 2025, PAMERA’s Founder and Managing Partner, Christoph Zapp, noted the strategic timing of their acquisitions. “For us as a family office, the current market phase is ideal. We have capitalized on favorable acquisition yields and market disruptions to expand our portfolio at what is likely the low point of the investment cycle. In 2025, we aim to continue leveraging these opportunities, particularly in expanding our U.S. investments.”

As of the end of 2024, PAMERA managed 88 properties and projects spanning office, residential, and hotel asset classes. These assets are located across 26 cities in Germany and the United States, encompassing more than 370,000 square meters of rental space and valued at over €1.6 billion. With its commitment to a counter-cyclical investment strategy and global reach, PAMERA has positioned itself as a resilient player in the evolving real estate market.