Union Investment acquires Bad Homburg office building
Union Investment has acquired a 6,750 sqm office building in Bad Homburg from Warburg-HIH Invest Real Estate. The price of the deal was not disclosed. The property is currently fully leased to IT service provider Dimension Data through 2024. BNP Paribas Real Estate brokered the deal.
“The acquisition matches our current investment strategy for the DACH region of German-speaking countries, which includes pinpointing purchases of smaller assets in addition to big-ticket transactions whenever we find that the parameters of a given location have a convincing long-term outlook,” said Alejandro Obermeyer, head of investment management for the DACH region at Union Investment.
Image source: Warburg HIH