IVG Immobilien AG has managed to sign one of the largest individual lease contracts in Hamburg in 2011.
The building which is owned by IVG will be fully let to the University of Hamburg. It consists of some 14,000 m² and is located at Mittelweg, which is close to the 'Aussenalster'.
"The lease is scheduled to begin on July 1, 2012. Previously, the former publishing house will be renovated and customized to meet the tenant's needs," says Lars Flechsig, Branch Manager of IVG Immobilien AG in Hamburg.
The lease contract has a duration of 10 years. The lessor has been advised by BNP Paribas.
Source: IVG Immobilien AG