Allianz Real Estate Germany GmbH started the year with purchasing the Brahms Quartier office complex at Kaiser-Wilhelm-Strasse 40 in Hamburg. The sellers are a subsidiary of the globally acting alternative Asset Management The Carlyle Group and Aug. Prien Real Estate. It has been mutually agreed to not disclose the purchase price.
"By buying BrahmsQuartier, we started the new year after an extraordinarily successful 2010," declared Stefan Brendgen, CEO of Allianz Real Estate Germany. "Allianz Real Estate's new property investments in 2010 totaled about 1.8 billion more than ever before. And in 2011, we'll be firmly continuing to build up the Allianz real estate portfolio."
Allianz was advised by Linklaters and CB Richard Ellis, the Carlyle Group and Aug. Prien by Clifford Chance and Grossmann & Berger.
Source: Allianz Real Estate