30 June 2020
Taylor Wessing has advised Swiss Life REIM (France) on the disposal of “Neuer Dovenhof” in Hamburg to Zurich, the net purchase price amounts to approximately EUR 150 million.
Swiss Life REIM (France), on behalf of one of its dedicated fund, announces the disposal of the “Neuer Dovenhof” office building located in the very center of Hamburg, Germany, to the insurance company Zurich. CORPUS SIREO Asset Management managed the disposal on behalf of Swiss Life REIM (France).
Located in the heart of the historic “Kontorhausviertel”, a prime business district of the second largest German city, the “Neuer Dovenhof” is a core-office complex holding approximately 22 000 sqm total lettable area offering high standards. The building is currently leased to 30 tenants including international companies such as Marsh, Hays, Velox and Verlagsgruppe Handelsblatt. The building also features retail space on the ground floor.
Legal advisors Swiss Life REIM (France)
Taylor Wessing: Johannes Callet (Partner, Real Estate, Berlin; Lead); Dr. Bert Kimpel (Partner, Tax, Düsseldorf), Stefan Kroeker (Partner, M&A, Munich), Marieke Greif (Associate, Real Estate, Berlin), Marc Fellner (Associate, Tax, Düsseldorf), Elnaz Merkhah (Associate, Tax, Frankfurt)
by multiple authors