Swiss Life AM: Acquisition in Hamburg
Swiss Life Asset Managers has acquired a mixed-use property in the south of Hamburg as part of an asset deal.
The Hans-Dewitz-Ring 2a-k property is located in the Harburg/Heimfeld district and comprises 49 publicly subsidised residential units, an Edeka supermarket and a daycare centre operated by the German Red Cross. According to Swiss Life Asset Managers, all apartments are let and the remaining lease term of the anchor tenant Edeka is around ten years. The seller of the property is a private individual, and the transfer of ownership to the asset management of Swiss Life Asset Managers is expected to take place on 30 September 2021, it adds.
The property will be added to the portfolio of the open-ended mutual property fund Swiss Life REF (DE) European Real Estate Living and Working, which invests in German and European real estate in the residential and healthcare (Living) and office and retail (Working) segments. (ah)
