Aviva Investors Real Assets has bought the yet-to-be-completed Unilever German headquarters building in Hamburg.
The manager said it has agreed to buy the 6,500sqm Neue Burg 1 office building from Quest Investment Partners for an undisclosed sum.
The building, which is expected to be delivered by July 2020, is fully pre-let to Unilever.
The acquisition boosts Aviva Investors Real Assets’ existing commercial real estate portfolio in Hamburg, comprising the ABC Straße 35 and Dornbusch 4 buildings.
Daniel McHugh, managing director, real estate, at Aviva Investors, said: This deal is aligned to our pan-European real estate strategy of focusing our investments in cities with supportive long-term economic and demographic characteristics.”