Valad Europe has sold a light industrial building in Hamburg from its V+ Germany fund to Kaldox Böttcherhof Immobilien, a subsidiary of KALDOX Group.
The transaction volume was not disclosed.
'The sale of Böttcherhof 1 is a good result for investors in the fund and follows the completion of our business plan for the asset,' commented Anja Werner, Valad Europe’s head of sales in Germany.
The 39,000 sqm multi-let industrial property has been sold fully occupied, with more than 30 tenants. It is located close to the main port in the Billbrook area of Hamburg.
Berwin Leighton Paisner advised Valad, while Thorsten Schlegel advised Kaldox on legal matters.
