La Française Real Estate Partners International has acquired a mixed-use office and retail property in Germany from Quest Investment Partners
The manager said it has bought the fully-let Ansgari Haus asset at 65-71 Obernstraße in Bremen for an undisclosed amount.
The 5,700sqm building was constructed in 1988 and underwent an extensive refurbishment in 2014 and 2018.
Quest Investment acquired the asset in July 2017.
Jens Goettler, managing director for Germany, La Française Real Estate Partners International, said: “Bremen is the 10th largest city in Germany and is undergoing positive development.
“Its thriving harbour activity attracts companies and people from across Germany and abroad, which supports the local economy and creates demand for both office space and services.”