Australia's Macquarie Asset Management and insurance giant Mapfre have acquired An der Alster 42, a prime office building in Hamburg, from Allianz Real Estate.
Financial details were not disclosed.
The approximately 6,000 m2 property is in the St Georg district, near Hamburg’s city centre and close to key transport connections. The six-storey office building overlooks the Outer Alster Lake and is leased on a long-term basis to two high-grade anchor tenants. Developed in 2018, An der Alster 42 is DGNB Gold certified.
Dana Gibson, chief investment officer and co-head of Macquarie Asset Management’s real estate team in Europe, said: 'We are pleased to have secured this high-quality asset on behalf of our investors. An der Alster 42’s excellent location, prime tenants, and strong focus on design and sustainability make it a welcome addition to our managed portfolio.'
Alfredo Muñoz Pérez, chief real estate officer of Mapfre, said: 'An der Alster 42 is a best-in-class office building, perfectly positioned in one of Hamburg’s most dynamic districts. This acquisition underlines our continued success in securing attractive investment opportunities across Europe’s core real estate market for our fund investors.'
The property has been acquired on behalf of investors via the duo's co-managed real estate fund, which has invested in six core office properties across major European cities since 2019. The acquisition represents the fund’s second investment in Hamburg, having acquired the Steckelhörn 11 office building in 2019.
