DLA Piper has advised asset manager Aviva Investors on the acquisition of an office block formed of two interconnected buildings Alexanderstraße 1 in Hamburg from Quest Investment.
The buildings, which together totals approximately 13,200 m² of lettable floorspace were built in 1950 and 1979 and modernised in 2010. The property is fully let to the Municipality of Hamburg as part of a 20 years lease agreement and is home to the University of Applied Sciences (HAW), Hamburg’s second largest university.
Aviva Investors is the global asset management business of Aviva plc. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of GBP 346 billion in assets as at 30 June 2019.
The DLA Piper team was led by partner Fabian Mühlen (Real Estate) comprised partner Dr Marie-Theres Rämer (Tax, both Frankfurt), senior associate Moritz Mursa (Cologne) as well as associates Alexander Lamers (both Real Estate) and Eda Altintas (Tax, both Frankfurt).
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