Warburg-HIH Invest acquires freight halls in Altona from Aurelis with assistance from Heuking Kühn Lüer Wojtek
Warburg-HIH Invest Real Estate (Warburg-HIH Invest) acquired the “Güterhallen” freight halls in Altona from Aurelis Real Estate. A team led by Dr. Sönke Görgens, Partner at Heuking Kühn Lüer Wojtek’s Hamburg office, advised the investment manager on the acquisition. The freight halls with an area of some 15,846 square meters are part of Hamburg’s “Mitte Altona” district development and are to be incorporated into an individual fund. The parties agreed not to disclose the purchase price.
Aurelis will be revitalizing the listed freight halls. Subsequently, the east and west wings will be connected by a new office building, the “transversal stage,” which is to be completed by mid-2020. Both freight halls are already fully leased to users from various industries, including Edeka, fitness chain Kieser Training, and a number of small businesses. The two former administration buildings, which are also part of the freight halls, are leased to office and restaurant users. The project, a key part of one of Hamburg’s largest urban development projects, will serve as a supply hub for some 27,000 people upon completion.
Warburg-HIH Invest Real Estate (Warburg-HIH Invest) is a pan-European investment manager for real estate and manages properties worth EUR 7.7 billion. Warburg-HIH Invest acquires real estate for about 150 institutional customers, turning the individual properties into the requested fund solutions.
Counsel to Warburg-HIH Invest Real Estate
Heuking Kühn Lüer Wojtek:
Dr. Sönke Görgens (Real Estate, Lead)
Dr. Christina Etzel (Public Law)
Dr. Florian Wenk, LL.M. (Tenancy Law), all Hamburg
Kathrin T. Paulet (Tenancy Law),
Mathis Dick, LL.M. (Tenancy Law), both Düsseldorf
Fabian G. Gaffron (Tax),
Sarah Slavik-Schulz (Tax), both Hamburg
Gilbert Toepffer (Construction), Chemnitz