Warburg-HIH Invest has sold an office property located at Hamburger Suderstrasse 63 in Hamburg to Deka Immobilien. Built in 1999 and fully occupied at the moment, the multi-tenant building has a lettable area of around 9,950m² plus 55 underground car parking spots and 13 surface parking spots. The main tenant is the Institute for Federal Real Estate (BIMA). The deal was transacted on behalf of an investment company of HIH Group which had acquired the property upon completion. The purchase price was not disclosed.
“We seized the opportunity to sell at the end of the fund term of twenty years to raise an attractive capital appreciation potential for our investors,” said Hans-Joachim Lehmann, Managing Director of Warburg-HIH Invest.
