Warburg-HIH assembles club of investors for €250m Hamburg project

Related Asset Managers

A club of institutional investors led by Warburg-HIH Invest Real Estate is funding a €250m Hamburg office project.

Warburg-HIH said it will construct the new headquarters of European publishing company Gruner + Jahr, a 66,000sqm office complex in Hamburg’s HafenCity.

Hans-Joachim Lehmann, managing director of Warburg-HIH, described it as a “club deal”.

The project, which is estimated to entail total investment of around €250m and is scheduled to be completed by 2021, will be carried out by the HIH Projektentwicklung subsidiary.

Gruner + Jahr will occupy 40,000sqm of office space, and the development will also include apartments.

Preparations have begun for an architectural competition for the building’s design.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

Begin Your Search Now