Ofi Invest Real Estate has acquired an office building - Cube 10, located in Hamburg, from a fund managed by Amundi Real Estate. The purchase price was not disclosed.
Cube 10 offers 9,500m2 of flexible office space and is fully let, with an average remaining term of c. five years.
The building also offers a good growth potential in terms of rent, considering its quality spaces and its location on the corner of Axel-Springer Platz in Hamburg Central Business District.
Grégoire Bailly-Salins, Head of Transactions Europe at Ofi Invest Real Estate SAS, commented: “We are pleased to secure this transaction in a particularly difficult market environment. The asset is perfectly in line with our strategy of investing in Core assets in top German Cities and demonstrates strong opportunities we are seeing in the international real estate market.”
Ofi Invest Real Estate was advised by DLA and CBRE. Amundi Real Estate was advised by JLL, Clifford Chance and Sienna Real Estate.
