HSH Nordbank has provided €113.5m facility to Round Hill Capital for the acquisition of a residential portfolio in Hamburg. The portfolio comprises twelve properties in prime locations around Alster lake.
The assets total just under 26,000 m² of space compromising 298 apartments, and c.3,480 m² of usable space divided into 22 commercial units. Restructuring work is planned for the buildings, and some of the houses will be given an attic, which means that around 2,900 m² in additional living space are likely to be created.
“We look forward to working with HSH Nordbank again. HSH has demonstrated especially deep expertise in its domestic market for this portfolio,” said the spokesperson for Round Hill Capital.
“The buildings of the Alster portfolio stand out due to their attractive location in the sought-after city districts of Eppendorf, Winterhude and Uhlenhorst, close to the Alster lake,” said Peter Axmann, Head of Real Estate at HSH Nordbank. “We have worked with Round Hill Capital on other projects and have got to know them as a well-versed real estate specialist with international operations and outstanding market knowledge, including in such German metropolitan regions as Hamburg.”
