Catella Property Consultants GmbH has brokered a mixed-use property at Fangdieckstraße 70-74 in Hamburg-Eidelstedt on behalf of a private individual. The buyer is the HBB Group from Hamburg. The parties have agreed not to disclose the purchase price.
The property has approx. 6,000 sqm of lettable space on a plot of 7,500 sqm and is let to three tenants. The complex of offices as well as factory and warehouse space is located in a medium-sized commercial area in Hamburg's west. The Eidelstedt railway station, which is within walking distance, and the nearby A7 motorway provide optimal connections to the city centre and the surrounding area.
"This property fits very well into our current investment strategy. We expect the quality of the location to improve significantly over the next few years," says Olaf Fortmann, Managing Director at HBB Capital Investors GmbH. Diane Becker, CEO of Catella Property Consultants, adds: "The sales process has shown us how interesting this asset class is for very different investor groups."
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