Institutional clients advised by JP Morgan Asset Management have acquired the Hamburg Marquard & Bahls headquarters building in a sale and lease-back transaction.
Financial details were not disclosed.
Located in Hamburg’s Hafencity, the Gewers Pudewill-designed brick building is an 18,000 m2 property designed for high sustainability standards, including energy efficiency and key health and wellbeing features.
The building is entirely leased to Marquard & Bahls, which built the property and moved into it in 2016.
Marquard & Bahls is a Hamburg-based company that is active in the fields of energy and chemicals. Its core lines of business include tank storage logistics, trading and aviation fuelling.
Jones Lang LaSalle SE arranged the transaction.
JP Morgan Asset Management was advised by Hengeler Mueller on the deal. Marquard & Bahls was advised by Freshfields.
