BNP Paribas REIM has announced the sale of the Hanse Atrium building in Hamburg to Blackrock for an undisclosed amount.
The asset, which was bought by BNPPRE's Next Estate Income Fund (NEIF) in 2012, offers around 15,700 m2 of space and is almost fully let to leading financial and industry companies. It also benefits from a DGNB Silver certification.
'We are pleased to announce the sale of Hanse Atrium in Hamburg as another important step of NEIF Fund's divestment plan,' said Laurent Boissin, fund advisor of NEIF. 'The fund performance surpasses significantly the initial objectives which is a clear affirmation of the NEIF strategy with its focus on core assets in European top locations.'
NEIF is a European fund offering diversification in the Eurozone office sector to international institutional investors. Its successor NEIF II Fund, launched in 2014, is fully invested with a gross asset value of over €800 mln.
NEIF III fund, launched in 2017, started its investment phase in the Eurozone while aiming a distribution of 4% per annum.
