Hamburg-based NM Nord-IMMO Management has purchased a shop and office building at Tibarg 38-40 in the Hamburg district of Niendorf from PRP Prime Retail Properties.
The property in the northern part of Tibarg pedestrian zone was built in 1986; it stands on some 1,080 m² of land that was included in the local Business Improvement District in 2010. Its total leasable area of 3,195 m² is divided into eight retail units and 14 office and medical practice units. The underground car park has 43 spaces. Every unit in the house is let.
Grossmann & Berger, a member of German Property Partners
(GPP), brokered the transaction.
Permission is given to print the attached photo (source: Grossmann & Berger).