OTPP invests in German residential real estate with DWE

The Ontario Teachers’ Pension Plan (OTPP) has entered the German residential real estate market by acquiring four fully occupied multi-family properties in southern Germany.

Jenny Hammarlund

This marks their initial residential investment in the country through a new joint venture with German residential real estate operator DWE. 

The joint venture's strategy is to assemble a portfolio of multi-family assets in Germany's major cities and their surrounding metropolitan areas. This investment expands Ontario Teachers' presence in key European markets and further diversifies its real estate portfolio, focusing on core markets with robust long-term growth potential.

DWE (DW Effectum Residential) is an investment and asset manager specialising in residential real estate, overseeing approximately €700 million in assets. DWE employs an integrated platform to maximise value throughout the investment lifecycle, developing customized investment strategies for clients based on their specific risk-return objectives, from aggregation strategies to specialized operating platforms.

Jenny Hammarlund, executive managing director, Real Estate at Ontario Teachers’, said: “This investment strengthens our exposure to high-quality urban rental markets in Europe and advances our objective of building resilient, income-generating portfolios. We focus on markets where active asset management and local expertise create lasting value, and DWE’s market knowledge and operational capability make it the right partner to enhance asset performance and resident outcomes over the long term.”

Daniel Filser, managing director at DWE, added: “We are very grateful for our new joint venture with Ontario Teachers’ and want to thank Jenny and her team for their trust and hard work. This transaction marks the beginning of a broader living strategy, and we are excited to further grow this portfolio over the coming years.”