Warburg-HIH Invest sells residential and office building in Hamburg-Billstedt
With a team led by Dr. Sönke Görgens, Heuking Kühn Lüer Wojtek advised Warburg-HIH Invest Real Estate (Warburg-HIH Invest) on the sale of a residential and commercial building in Hamburg-Billstedt to NM Nord-Immo Management, an affiliate of Hamburger Sparkasse. The sale was structured as an asset deal.
The property comprises more than 7,250 square meters of commercial space and twelve apartments. Bordering on the Möllner Landstraße pedestrian zone and Öjendorfer Weg, it was built in 1979 and extended in 1994. Warburg-HIH Invest had acquired the building in 2014 for a special fund through which five professional pension funds are investing.
Warburg-HIH Invest is an investment manager for properties in Germany and Europe. The company specializes in structuring, product development, property management, and market development. Warburg-HIH Invest operates at ten locations in Europe and currently manages assets with a volume of EUR 11.2 billion.
A team led by Görgens had already assisted Warburg-HIH Invest on the acquisition of the “Güterhallen” freight halls in Altona and a portfolio of five specialty retail centers in 2018.
Counsel to Warburg-HIH Invest Real Estate
Heuking Kühn Lüer Wojtek:
Dr. Sönke Görgens (Real Estate, Lead)
Dr. Sarah Slavik-Schulz (Tax),
Viktoria Kämper (Real Estate), all Hamburg