Poellath advised Union Investment on the deal.
Union Investment acquired the headquarters of Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft (“Hamburg Süd”), located at Willy-Brandt-Strasse 59-65. The seller is the Oetker Group.
The building complex, completed in 1964, is located between the southern edge of the city center and the northern edge of the harbor (Speicherstadt), in the Hamburg City sub-sector. The property consists of 4 components: a 16-story high-rise building, a two-story connecting building, as well as a six-story and a seven-story building and has a total leasable area of around 18,600 m², as well as approx. 100 underground parking spaces. The purchase is being made for the portfolio of the UII German Prime Select real estate special fund.
Hamburg Süd is successful in the international logistics service sector and is one of the world’s ten leading container liner shipping brands. With the knowledge and commitment of its employees, it stands for quality, excellent customer service and a personal point of contact in over 100 offices worldwide. Through its affiliation with Maersk Line – the world’s market leader in international container liner shipping – Hamburg Süd’s customers also have access to the most extensive liner network and the largest shipping fleet in the world.
The Poellath team included Dr. Hardy Fischer (Picture – partner, lead, tax law) and Dr. Per-Eric Eulau (associate, tax law).
Law Firms: P+P Pöllath + Partners;
Clients: Union Investment;