New timber project launches in Munich
AXA IM Alts has received planning consent and launched the construction of a timber hybrid office building in the centre of Munich.
Called ‘The Stack’, the 16,000 sq m project is expected to complete by the end of 2025 and is being developed in partnership with German developer Accumulata.
AXA said the project combined a sustainably sourced timber hybrid construction method with green energy technology and biophilic design features, which will reduce energy demand considerably compared with a typical new-build development.
Additional smart building technology will regulate indoor air quality and enable efficient local climate and lighting control.
Germain Aunidas, global head of development at AXA IM Alts, said: “The Stack will pair market-leading sustainability credentials with a technology-led focus on workplace wellbeing, delivering new, high-quality office space that meets the evolving requirements of top-tier occupiers and aligns to our global investment convictions.”
Jean-Michel Wilmotte, founder of Wilmotte & Associés Architectes, the project’s designer, said: “Recent advances in timber hybrid construction techniques present exciting opportunities to deliver new sustainable space at scale.”