Investment manager Curzon/IXIS AEW Europe has acquired a 20,500 m[sup]2[/sup] office building in Hamburg for its pan-European Euroffice fund. The financial details of this transaction have not been disclosed. The asset is located in the Neuer Huhnerposten area of the city of Hamburg near the main railway station. It was built and sold by the German property group Hamburgishe Immobilien Handlung (HIH).
Investment manager Curzon/IXIS AEW Europe has acquired a 20,500 m2 office building in Hamburg for its pan-European Euroffice fund. The financial details of this transaction have not been disclosed. The asset is located in the Neuer Huhnerposten area of the city of Hamburg near the main railway station. It was built and sold by the German property group Hamburgishe Immobilien Handlung (HIH).
This is the third investment of the Euroffice fund to date, and adds to the purchase of the headoffice of the Handelsblatt newspaper in Dusseldorf and of the Colisee 2 building in Paris. The fund, valued at EUR 317 mln, is a core office fund dedicated to French institutional investors, including an unrivalled list of France's most prominent insurance companies and pension funds.
