Germany's Quantum Immobilien has acquired an office building at Kleiner Burstah 6 bis 10 in the city centre of Hamburg from Aberdeen Asset Management.
Germany's Quantum Immobilien has acquired an office building at Kleiner Burstah 6 bis 10 in the city centre of Hamburg from Aberdeen Asset Management.
The acquisition, amounting to around €23 mln, was made on behalf of a new fund.
The asset provides 7,200 m2 of total lettable area. BNP Paribas Real Estate brokered the deal.
The new vehicle focuses on inner-city office and retail properties in Germany and is targeting to reach a size of some €200 mln. Quantum Immobilien KAG is responsible for portfolio and asset management, while Universal-Investment is in charge of the fund's structuring and administration.
