Heuking Kühn Lüer Wojtek, with a team led by Dr. Michael Dröge and Dr. Sönke Görgens, both from the law firm's Hamburg office, advised Hamburg Trust on the acquisition of the office building "Fleet Office 1." The almost fully rented property, with a surface area of some 9,300 square meters, is close to the city center at Südkanal in Hamburg's City-Süd district. Seller of the building, which is to be completed by the fall of 2015, is Hamburg-based Becken Holding.
Hamburg Trust is a fund, asset and investment manager. Its core business are investments in shopping centers and residential properties as well as office and special properties. For Hamburg Trust, the acquisition is already the second one of its kind. In October 2013, the company had acquired the new building of the head office of the professional wood and metal association in Mainz and included it in its first real estate special fund under the new investment law. Becken Holding specializes in the construction of residential, inventory and logistics, and office properties.
The "Fleet Office 1" office building is part of a larger project on the area of the former "Sachsenburg," an office tower that had been torn off in the meantime. The eleven-story office building "Fleet Office 2," with a total area of some 20,000 square meters, is to be completed by the third quarter of 2016.
Counsel to Hamburg Trust
Heuking Kühn Lüer Wojtek:
Dr. Michael Dröge,
Dr. Sönke Görgens (Corporate/Real Estate, both Lead)
Fabian Meiß (Real Estate/Contract Law),
Julia Mischke (Corporate), all Hamburg,
Gilbert Toepffer (Public and Private Construction Law/Architect Law), Chemnitz,
Marcus Kohlstrunk (Tenancy Law), Munich
Jörn Matuszewski (Tax Law), Düsseldorf