HSH Real Estate and Quantum Immobilien are selling the Atlantic Haus office building in Hamburg to UBS Wealth Management Continental European Property Fund for a sum said by market sources to be in the region of EUR 140 mln, Immobilien Zeitung reported on Tuesday.
HSH Real Estate and Quantum Immobilien are selling the Atlantic Haus office building in Hamburg to UBS Wealth Management Continental European Property Fund for a sum said by market sources to be in the region of EUR 140 mln, Immobilien Zeitung reported on Tuesday.
Atlantic Haus offers 31,000 m2 of lettable space over 21 floors and is 65% leased. At over EUR 25 per m2, rents for the top floors are among the highest in the area.
HSH Real Estate and Quantum Immobilien have developed the building, located on the former site of the Bavaria brewery, since 2003.