HAMBURG, GERMANY-SEB Asset Management has inked a purchase agreement with Catella Real Estate AG for an office property at Gorch-Fock-Wall 3-7 in Hamburg. The property, which comprises 145,312 square feet of space, will be shifted to the Sarasin Sustainable Properties - European Cities fund towards the end of December for an amount of EUR 34.8 million.
The historic building was bought in 2006 for about EUR 32.7 million for SEB ImmoInvest's real property portfolio. The property is 97% leased to three tenants. For the full story, go to Europe Real Estate .
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