La Française buys “Schumacher Kontor” in Hamburg

20/11/2018

The pension fund Hamburger Pensionskasse von 1905 has sold the historic “Schumacher Kontor” on Dammtorstraße 25. The buyer is asset manager La Française on behalf of the Gisev family office, which in turn acts on behalf of a Luxembourg fund. The “Schumacher Kontor” has about 4,500 sqm lettable space, was built in 1911/12 and modernized in 2012/13. The office and retail building is fully leased with a WALT of 8.9 years. The seller was advised by CBRE and Neuwerk Rechtsanwälte. The buyer was supported by Ashurst (legal) and TA Europe (technical).


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