Peakside and Partners Group sell office property in Hamburg
A joint venture between investment manager Peakside Capital Advisors AG and Partners Group has sold the Spaldingstrasse 77–79 office and commercial property in Hamburg, Germany, to May & Co. The parties agreed not to disclose the purchase price.
The asset is part of the so-called Omega portfolio, the largest part of which Peakside and Partners Group secured for their clients about a year ago. It encompasses 30 office and logistics properties in large German cities, as well as in France and the Netherlands.
The plot in Hamburg’s City South borders the Münzviertel quarter and is within walking distance to the central train and bus stations. The property offers around 9,000 square meters (97,000 square feet) of gross leasable area as well as 140 spaces in an underground car park and is used by a mix of occupiers. The buyer is planning to redevelop the asset over the medium term.
Maximilian May, managing director of May & Co., said, “After the City it