ABG Capital has acquired the VTG Center at Amsinckstrasse 57-61/Nagelsweg 34 in Hamburg. The total investment volume for the attractive property amounts to approximately €100m. The seller is Savills Investment Management.
The VTG Center is a very centrally located multi-tenant office building in Hamburg’s Hammerbrook district. The building is ideally connected via three main roads, the suburban rail network (S-Bahn), and the Hamburg-Hammerbrook railway station. The property is divided into four large units. Total rental space amounts to around 22,750m², spread over eight floors above the ground, with individually lettable units ranging from 120m² to 2,800m². The use of the building is thus highly flexible. The VTG Center has around 300 parking spaces, of which 290 are in the underground car park. Anchor tenants of the building, which was completed in 1996, are renowned companies such as VTG, Vodafone, and EHA.
Ulrich Holler, Managing Partner at ABG Real Estate Group, said: “With the acquisition of the VTG Center, ABG Capital has increased the asset base to more than €550m in its first financial year. The property is another example of how we focus on flexible-use buildings in attractive surroundings and with a promising perspective.”