Ontario Teachers’ Pension Plan invests in German residential market through joint venture with DWE
- Ontario Teachers’ has acquired four fully let multi-family assets in southern Germany. The investment marks its first residential investment in the country and the launch of a new partnership with DW Effectum Residential (“DWE”), its local operating partner.
- The transaction reinforces Ontario Teachers’ long-term strategy to expand its real estate footprint across leading European residential markets.
Munich, March 23, 2026: Ontario Teachers’ Pension Plan (“Ontario Teachers’”) today announced it has acquired four fully let multi-family residential assets in southern Germany.
This marks Ontario Teachers’ first residential investment in Germany under a new joint venture with DWE, its specialist German residential real estate operating partner. The strategy will focus on building a portfolio of multi-family assets across Germany’s leading cities and surrounding metropolitan areas. The investment builds on Ontario Teachers’ continued expansion across key European markets and represents a further step in building a resilient and diversified real estate portfolio, with a focus on core markets supported by strong long-term fundamentals.
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 them the right partner to enhance asset performance and resident outcomes over the long term.”
Daniel Filser, Managing Director at DWE, said:
“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.”
About Ontario Teachers’
Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of $279.4 billion as at December 31, 2025. Ontario Teachers’ is a fully funded defined benefit pension plan, and it invests in a broad array of asset classes to deliver retirement security for 346,000 working members and pensioners. For more information, visit otpp.com and follow us on LinkedIn.
About DWE
DW Effectum Residential (“DWE”) is a specialized residential real estate investment and asset manager with c. €700 million of assets under management. The firm operates a fully integrated platform and focuses on maximizing value creation across the investment lifecycle. DWE develops bespoke, scalable investment strategies for its clients tailored to specific risk–return profiles, ranging from traditional aggregation strategies to specialized operating platforms.
Contact details
Ontario Teachers’/ KCNC
DWE