- July 1, 2012: Vol. 6, Number 7

To read this full article you need to be subscribed to Institutional Real Estate Europe

Peakside to Buy in Hannover


Peakside Capital, on behalf of the Peakside Real Estate Fund I, has agreed to acquire Solvay GmbH’s German headquarters at Hans-Böckler-Allee 20 in Hannover in a sale-and-leaseback transaction. Terms of the transaction were not disclosed. Solvay, an international chemical group, has signed a 15-year lease on the 23,700-square-metre property, which it has occupied since it was first built in 1951.

“This sale-and-leaseback transaction underlines our commitment to both the Hannover and wider German property markets, which we believe continue to offer attractive investment opportunities,” says Boris Schran, founding partner of Peakside. “This is a well-maintained, high-quality and well-located asset. In particular, we were attracted by the strong covenant of Solvay and the long lease term, providing surety of income and a stable medium

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy