Union Investment Buys Across Europe
In Germany, Union Investment, on behalf of the UniImmo: Deutschland open-end real estate fund, has opened the Emporio Complex in central Hamburg. The 24-storey office tower has been comprehensively refurbished and made into one of the most sustainable buildings in Hamburg. Approximately €270 million has been invested in upgrading the office building and constructing a new hotel adjacent to it. Union Investment is aiming to obtain LEED Gold certification for the office tower.
Another German transaction was the acquisition of the Hausbruch logistics asset at 20 Heykenaukamp in Hamburg on behalf of UniImmo: Deutschland. The 57,681-square-metre asset was sold by Schroder EuroLogistik Fund.
Also in Germany, Union Investment acquired the Europa-Galerie