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Cushman & Wakefield brokers the sale of the prime-location “Herrlichkeit” office building in Hamburg

16/02/2021
The Hamburg Capital Markets Germany team of international real estate consultancy firm Cushman & Wakefield (C&W) has brokered the sale of the approx. 7,600 m² office building "Herrlichkeit" at Rödingsmarkt 16 in Hamburg. The buyer of the property is investment firm Values Real Estate, acting for Bayerische Versorgungskammer. In addition to C&W’s Capital Markets team, the Hamburg team of GSK Stockmann and the C&W subsidiary acht+ advised the buyer on the transaction. The parties have agreed not to disclose the purchase price.

The office property is centrally located between Hamburg city centre and the HafenCity district in an up-and-coming location and provides a lettable area of approx. 7,600 m². The high-quality office building was constructed in 2011 and received the BDA Hamburg Architecture Award.
Auditing firm SGS, the main tenant of the property intends to leave the location and re-letting is planned imminently.

Values Real Estate is a nationwide property development and investment company which invests jointly with private investors and institutional capital partners. The focus is on specific prime sites in selected locations in various segments of the real estate market. The company is continuously developing new investment product.
 

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