Real estate company buys apartment block in Fuhlsbüttel

Deal | Hamburg-Fuhlsbüttel

A private real estate company from Ahrensburg has acquired a combined apartment and commercial building in Hamburg-Fuhlsbüttel for a price of 16.5 times the annual net rent ex services.

The building was sold by another private investor, the residential investment transaction in Hamburg was brokered by Grossmann & Berger.
The residential and commercial building was built of red brick in the 1950s and is divided into twelve units with a total living and commercially usable area of about 814 m².

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