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Entry Date:

March 2021

Asset Class:

Office

Size:

9,000+ sqm of office space

Country:

Germany

Location:

Hamburg

Opportunity to refurbish and reposition a vacant office building in central Hamburg to create prime workspace in a heavily undersupplied market.

Real Estate Investment Opportunity Germany

Joint-venture with local operating partner CELLS Group to acquire, refurbish and modernise an existing 9,000+ sqm vacant office building located in central Hamburg. As a result of new investment, the building will benefit from improved efficiency, flexibility and density as well as enhanced technology, sustainability and wellness credentials.  The investment decision is underpinned by both the fundamentals of the Hamburg market and a strong conviction that offices will continue to be a critical element of corporate culture, with increased occupier demand for the highest quality space that is able to serve the evolving trends.

Office

Office
Office
Office
Office

“We are delighted to have completed this acquisition together with DFI and look forward to redeveloping this property into an attractive prime asset for its future occupiers. CELLS continues to believe in the demand and dynamics of inner-city location of the big metropolitan areas in Germany and we are working with DFI to identify further value add investment opportunities in the course of this year.” – Dirk Ruppert, CIO, CELLS Group