HEIL & SOHN and Shell have acquired a 10,200m² commercial property, comprising a petrol station and an industrial building located at Schnackenburgallee 10-12 in Hamburg, Germany. The purchase price was not disclosed. The companies were advised by Savills together with Grossmann & Berger, member of German Property Partners (GPP) and CBRE.
Bertrand Ehm, Director Industrial Investment at Savills in Germany, said: "The commercial and industrial area in the west of Hamburg is located in an attractive location, from both logistics and infrastructure point of view, as the A7 junctions Volkspark and Bahrenfeld can be reached in only two and four minutes respectively."
"Accordingly, it was obvious for both tenants to purchase the property themselves in order to secure the space in the long term and exploit the upside potential," added Felix Krumreich, real estate consultant for industry/warehouse/logistics at Grossmann & Berger.
"One of the reasons the location is so attractive for Shell is that Shell can also offer its customers a future-oriented, diversified range of services in the form of hydrogen (H2) and e-mobility," explained Anke Bellenhaus-Schneider, Head of Portfolio Services at CBRE.