ALP.X Group and Ginkgo joint venture acquires 85,000 sqm site for major mixed-use urban regeneration project in Munich

• A fund advised by Ginkgo Advisor, part of the Edmond de Rothschild Group and one of Europe’s leading investment platforms for sustainable urban regeneration, enters the German market alongside Munich-based ALP.X Group
• Joint venture becomes a project participant in the planned neighbourhood at Rappenweg in Munich-Trudering
• The 25.5-hectare area, bordered to the south by the Munich S-Bahn line and to the north by Riemer Park, is planned to accommodate 2,000 to 2,700 apartments – approximately 50 percent of them subsidised

Ginkgo and ALP.X Group have formed a joint venture to participate in the development of the future GUTE UTA neighbourhood at Rappenweg in Munich-Trudering. The investment marks Ginkgo’s entry into the German market and brings together its specialist European urban-regeneration expertise with ALP.X’s local investment and development capabilities.

In close coordination with Bayerische Hausbau Development, the joint venture will take responsibility for an approximately 85,000 sqm development site within the wider planning area. It will work alongside the other project participants and the City of Munich as the planning process progresses. The site is currently in active commercial use, including light industrial activities, logistics and storage operations, which will continue on an interim basis until construction begins. Located in the eastern part of Munich, the development is one of Munich’s most significant planned residential-led urban developments. The approximately 25.5-hectare planning area is expected to accommodate between 2,000 and 2,700 apartments, of which approximately 50 percent are intended to be subsidised.

The plans envisage a mixed-use urban neighbourhood combining a substantial amount of new housing with commercial space, childcare facilities, neighbourhood retail, restaurants and extensive green and open spaces. The development is being progressed through development plan (Bebauungsplan mit Grünordnung) No. 1728g of the City of Munich.

The ALP.X and Ginkgo joint venture will contribute to the coordinated development of the neighbourhood and its integration into the surrounding urban environment. The City Council adopted the project’s key planning parameters (Eckdatenbeschluss) in October 2025. A masterplan resulting from a moderated cooperative planning process forms the basis for the next stages of the planning procedure. Early public participation took place in the first half of 2026. The project participants will continue to work closely with the City of Munich and relevant stakeholders as the development progresses.

“This neighbourhood development has the potential to make a significant contribution to Munich’s urgent need for new housing while creating a well-connected, mixed-use and sustainable neighbourhood. Our partnership with Ginkgo combines deep local market knowledge and development expertise with one of Europe’s most specialised urban-regeneration platforms. We look forward to working closely with the other project participants and the City of Munich to advance the project,” said Sebastian A. Lüdke, CEO and Founder of ALP.X Group.

“Munich is one of Europe’s most attractive and supply-constrained residential markets. The project is closely aligned with our strategy of transforming complex urban sites into sustainable, inclusive and high-quality neighbourhoods. Our entry into Germany alongside ALP.X represents an important step in the continued development of Ginkgo’s European investment platform,” added Guillaume Ribet and Bruno Farber, founding partners of Ginkgo.

Gordon Gorski, CEO of Bayerische Hausbau Development, added: “We at Bayerische Hausbau Development are very pleased to have found a consortium for the Rappenweg properties which specializes in the development of contaminated sites and enjoys the support of European institutions. This is a classic win-win situation. Bayerische Hausbau Development will continue to assist the new owners and will follow the development closely.”

About ALP.X Group

ALP.X Group is an investment manager and developer specialising in real estate and infrastructure. ALP.X typically combines traditional real estate and infrastructure projects with innovative technology components. The firm currently manages and develops a portfolio across residential, hospitality, mixed-use, renewable energies, water treatment and enabling technologies. ALP.X is headquartered in Munich, with offices in Berlin and Miami. https://www.alpx-group.com/

About Ginkgo Funds

By “rebuilding the city upon itself” through the acquisition, remediation, and redevelopment of polluted or neglected urban sites, Ginkgo helps preserve and enhance agricultural land and natural ecosystems threatened by urban sprawl, while developing housing, offices, and commercial spaces that improve residents’ quality of life and boost the vitality of redeveloped neighborhoods. Since its launch in 2010, Ginkgo has earned the trust and support of leading European institutional investors, including the Edmond de Rothschild Group, the European Investment Fund (EIF) and the Caisse des Dépôts Group through Banque des Territoires, underpinning the successful deployment of its urban regeneration strategy across Europe. The funds are advised by Ginkgo Advisor, a company bringing together experts in finance, real estate, and environmental matters, with teams based in France, Switzerland, Spain, Belgium, Italy, Germany, Luxembourg, and the United Kingdom. Ginkgo continues to expand in France and across the European Union, with steady and sustained growth in assets under management. It has raised three funds representing approximately €875 million in equity, which have been deployed to develop more than 1,500,000 sqm of mixed-use urban projects across 33 operations located in major urban areas. Ginkgo launched its latest fund, Ginkgo Fund IV, in 2025, with a target equity commitment of €600 million. Building on the success of its previous fund vintages and the continued support of its long-standing institutional investors, the fund is dedicated to the remediation and redevelopment of brownfield sites and obsolete urban assets across Europe’s most dynamic metropolitan areas. https://ginkgo-advisor.com/en