Next Estate Income Fund, advised by BNP Paribas Real Estate Investment Services, has purchased the Hanse Atrium office building in Hamburg, Germany. The transaction, amounting to a total of EUR 45 mln, was financed by local bank Haspa.
Next Estate Income Fund, advised by BNP Paribas Real Estate Investment Services, has purchased the Hanse Atrium office building in Hamburg, Germany. The transaction, amounting to a total of EUR 45 mln, was financed by local bank Haspa.
The building was sold by developers Becken Projektentwicklungs and Competo Capital Partners. The asset is entirely let and boasts a DGNB 'Silver' certificate.
'This acquisition confirms and reinforces the allocation to high-quality assets as part of a core investment strategy,' said Laurent Boissin, NEIF's fund manager. NEIF, launched in 2010 through a partnership with BNP Paribas Real Estate, is an investment fund based in Luxembourg with assets valued at EUR 140 mln.
'We wish to grow in Germany and expect new acquisitions in 2012 particularly in markets such as Munich, Berlin and Bruxelles,' added David Aubin, managing director of Investment Management at BNP Paribas Real Estate.
JLL advised the vendor.
