Aberdeen Asset Management has acquired a five-storey student accommodation property in Hamburg on behalf of a self-managed spezialfonds.
Aberdeen Asset Management has acquired a five-storey student accommodation property in Hamburg on behalf of a self-managed spezialfonds.
The building on Hamburg’s Warnstedtstraße comprises 136 rooms in 34 units and 30 apartments, as well as a pavement café.
The property was sold by developer Zweite Hamburger Wertkonzept, which completed the building in January. Financial details were not disclosed.
The acquisition is Aberdeen’s 16th investment in Hamburg, following the Thadenstraße housing project in Altona last December. The asset manager also announced it will shortly be launching a new fund to invest in residential, retail and mixed use properties in urban locations.
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INVESTMENT BRIEFING
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Want to hear more about the latest developments in European student housing real estate? Aleksandar Obradovic, chief investment officer at student accommodation specialist Deutsche Real Estate Funds Advisor, is one of the panellists at PropertyEU´s first of 2016.
The event takes place at the offices of law firm Paul Hastings at 10 Bishops Square in London from 8/10.30am on Wednesday 17 February.
Seating is complimentary but limited, so please
