Grossmann & Berger, a member of German Property Partners
(GPP), helped see the sale of the multi-family home in Barmbek North through to its successful conclusion. An asset management firm from Hamburg paid a private owner a multiple of 27.9 times the annual net rent. The selling price has not, as agreed, been made public.
The property is close to the Fuhlsbüttler Strasse, five stories high and has 14 dwellings plus a commercial unit and a total living and usable area of around 800 m².