Norton Rose Fulbright advised Warburg-HIH on the sale of the Süderstrasse 63 office building in Hamburg’s City-Süd district to Deka Immobilien.
The tenant of the 9,950 m² building is the Bundesanstalt für Immobilienaufgaben (BIMA). A fund company of the HIH Group has held the building since its completion in 1999.
Warburg-HIH is an independent international investment manager for real estate and currently manages properties worth 8.2 billion euros. The Hamburg-based company has positioned itself as a specialist for pan-European real estate investments. Warburg-HIH Invest manages the purchase of real estate and its contribution to fund solutions for around 150 institutional customers.
Warburg-HIH received comprehensive legal and tax advice on the transaction from Norton Rose Fulbright’s team in Frankfurt specialising in real estate transactions led by Dr. Hendrik Theismann (Picture – real estate), Tino Duttiné (tax), of counsel Michael Mehler and associate Daniela Kowalsky (both real estate).
Law Firms: Norton Rose Fulbright;
Clients: Warburg-HIH Invest;