Germany's Union Investment has acquired the H19 mixed-use asset in Düsseldorf's Medienhafen area from an unnamed Luxembourg company. Financial details were not disclosed.
Germany's Union Investment has acquired the H19 mixed-use asset in Düsseldorf's Medienhafen area from an unnamed Luxembourg company. Financial details were not disclosed.
The office and retail building at Hammer Strasse 19 was completed in 2003 and provides 13,000 m2 of fully-let office and restaurant space on seven floors.
The purchase was made for the UniImmo:Deutschland open-ended property fund.
Following the deal, Union Investment owns 15 properties in the Düsseldorf area with a value of around EUR 591 mln.
Savills advised the buyer.
