Germany's Deka Immobilien has acquired the Metropolis-Haus development project in Hamburg for EUR 93 mln, well-informed market sources told PropertyEU. The mixed-use property has been acquired from a development consortium of Hochtief Projektentwicklung, Norddeutsche Grundvermogen and Frank Beteiligungsgesellschaft.
Germany's Deka Immobilien has acquired the Metropolis-Haus development project in Hamburg for EUR 93 mln, well-informed market sources told PropertyEU. The mixed-use property has been acquired from a development consortium of Hochtief Projektentwicklung, Norddeutsche Grundvermogen and Frank Beteiligungsgesellschaft.
The deal was first reported by German magazine Immobilien Zeitung. Metropolis provides around 25,000 m2 of office and retail space due to be completed in mid-2011.
Earlier this week, Deka Immobilien announced the purchase of Le Patio office building in Marseilles for around EUR 26 mln. The property is almost fully let and has a total lettable area of around 8,900 m2.
