Tishman Speyer has acquired Klöpperhaus at Mönckebergstraße 3, a landmark commercial property in central Hamburg, from Württembergische Lebensversicherung AG. The transaction was undertaken on behalf of Tishman Speyer European Real Estate Venture IX value-added fund (TSEV IX) for an undisclosed consideration.
“This is the first transaction undertaken on behalf of TSEV IX, which was successfully launched two months ago, testifying to Tishman Speyer’s commitment to further value creation across the European region,” said Florian Reiff, senior managing director overseeing Tishman Speyer’s German operations. “We’re truly delighted to add this exceptional property to our portfolio. With this acquisition we continue to pursue our 'brown to green' strategy of innovatively repurposing existing properties, bringing them up to date in terms of energy efficiency and upgrading them to vibrant locations.”
Klöpperhaus was built for wool-trading company Wilhelm Kl
