Hochtief Construction has divested a recently developed office building in Hamburg to Swiss Life. The financial details of the transaction were not disclosed.

Hochtief Construction has divested a recently developed office building in Hamburg to Swiss Life. The financial details of the transaction were not disclosed.

Located in Hamburg- Ochsenzoll, the NordexForum asset is an environmentally friendly building with a Gold Certificate from the Deutschen Gesellschaft für nachhaltiges Bauen (DGNB). The property will provide around 15,000 m2 of office space on completion by the end of 2010. It is fully leased to the Nordex Group with a long-term rental agreement.

In December Hochtief Projektentwicklung also sold four nursing care facilities in the German towns of Langweid, Albstadt, Fuldatal and Klettgau to the life assurer Swiss Life.