Aviva Investors Real Assets has agreed to acquire Unilever’s future German headquarters at Neue Burg 1 in Hamburg.
It will purchase the 70,000 sq ft office building, which is currently under construction, from Quest Investment Partners.
The building is located in the historical centre of Hamburg. It is fully prelet to Unilever and is expected to complete by July 2020.
Daniel McHugh, managing director of real estate at Aviva Investors, said: “Hamburg is the economic centre of northern Germany and a key transportation hub for Scandinavia and Eastern Europe as well as being a key location for Asian companies, for whom Hamburg commonly serves as their German or European headquarters.
“This deal is aligned to our pan-European real estate strategy of focusing our investments in cities with supportive long-term economic and demographic characteristics.”
Aviva Investors Real Assets was advised by Angermann Real Estate Advisory.
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