Hamburg: Real I.S. buys Ruby-Hotel
Real I.S. has acquired the Ruby hotel on Stadthausbrücke in Hamburg for the Spezialfonds “BGV VI”. The seller of the 8,400 sqm building is Patrizia. The former publishing building on Düsternstraße 1-3 is to be converted into a 290-room hotel by August. As part of the conversion, the entrance will be moved toward the Stadthausbrücke. BNP Paribas Real Estate brokered the transaction. Real I.S. was legally advised by GSK Stockmann, technical support was provided by Drees & Sommer. The seller was legally advised by Arnecke Sibeth.
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