Hamburg: Warburg-HIH buys office building on Eiffestraße
Warburg-HIH has acquired a 9,000 sqm office building from Wegner Immobilien for the real estate fund Norddeutsche Versorgungswerke in Hamburg. The building on Eiffestraße 585 near City-Süd is fully leased to several tenants. The weighted average lease term is 12.5 years. The rent, Warburg-HIH states, is below that of an equivalent new building. Anchor tenant is Asklepios Kliniken with a 15-year lease. The sale was brokered and supported by Lütgen Breiholdt Immobilien.
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