Aviva Investors agrees to purchase Hamburg office building

Aviva Investors Real Assets has signed an agreement with Quest investment Partners to purchase Neue Burg 1, a 6,500-square-meter (69,965-square-foot) office building under development in Hamburg, Germany.

The building, which is expected to be delivered by July 2020, is fully pre-leased to Unilever, the multinational consumer goods company. Unilever will use Neue Burg 1 as its German headquarters.

Neue Burg 1, a high-grade office building that meets the latest sustainability certifications, is located in the historical center of Hamburg, in the heart of the city’s CBD.

The acquisition boosts Aviva Investors Real Assets’ existing commercial real estate portfolio in Hamburg, comprising the ABC Strasse 35 and Dornbusch 4 buildings. Hamburg was recently identified as one of the most attractive European office markets by Aviva Investors Real Assets’ research team.

“The city is a true regional powerhouse in Europe with an innovative and diverse economy,