New owner for “HP20” office block in Hamburg

Deal | Hamburg-Altona

An international REIT managed by Behringer Harvard has sold the office and commercial block called “HP20” at Holstenplatz 20a-b in Hamburg-Altona.

Grossmann & Berger acted for the seller during this transaction.
The building has been bought by Warburg-HIH Invest Real Estate GmbH for a property fund consisting of a special pool of segregated assets held by North German pension schemes.
This commercial property, completed in 1999, comprises some 7,000 m² of offices and 500 m² of retail space plus 60 underground car parking spots. The building has a good mix of tenants and is located very close to the “Holstenstrasse” local train station.

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