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Real I.S.: Special fund acquires Ansgarhof office property in Hamburg

Real I.S. has acquired the “Ansgarhof” office property on Valentinskamp in Hamburg for its special fund, BGV IV. The property has some 16,200 sqm of usable area and is rented long-term. The principle tenant is Funk Group; the seller is a real estate fund managed by Tishman Speyer. This deal is the second investment by the fund, which was issued in 2010 and has approximately €380mn in equity at its disposal. Its target volume is around €700mn.

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