HANSAINVEST acquires Dancing Towers for €165 million in Hamburg (DE)

HANSAINVEST has acquired the Dancing Towers on the Reeperbahn in Hamburg 1 as part of a share deal for around €165 million from the STRABAG Real Estate (SRE), which was advised by Jones Lang LaSalle.
The property has a total space of approximately 35,000 m², which is almost fully let. With nearly 30,000 m² a large part thereof attributable to office space.
"We are proud to have purchased with the Dancing Towers the most exciting office building in Hamburg in recent years," says Nicholas Brinckmann, managing director at HANSAINVEST. "Due to the highly regarded location in Hamburg's most famous street, as well as the excellent tenant mix with the STRABAG Group, Osborne Clarke, Diageo Germany, the mojo club and many more, we are confident that the success story continues.”
Source: HANSAINVEST