Activum SG and STAM Europe acquire office building in Hannover from EuroHypo (DE)

Activum SG (DE)Company

Activum SG and STAM Europe acquire office building in Hannover from EuroHypo (DE)
Thursday 4 March 2010 Activum SG, a European real estate investor and manager, and partner, STAM Europe, have acquired a 19,500 m² office building in Hanover / Germany from Immobilienverwaltungsgesellschaft Grammophon Büropark mbH, a wholly owned subsidiary of EuroHypo AG. The parties agreed not to disclose the transaction volume.
It is the third acquisition by Activum SG and the first together with STAM Europe in Germany. The building known as “Grammophon Park” is located Podbielskistrasse 158-168 in Hannover. Saul Goldstein, Managing Partner of Activum SG Capital Management, explains: “This is a well-located, modern office building and requires an active owner. In today’s environment, Germany is one of the few real estate investment markets offering solid risk-adjusted returns for investors that focus on asset management.” Oliver Zimper, Managing Partner of STAM Europe Germany, comments “The principals of Activum SG and STAM Europe have worked with each other for many years and together we were able to act quickly to meet the seller’s objectives and timeframe.” Source: Citigate

Rate

Write comment No ratings for this article

More articles of Activum SG

More News

Related companies, people, projects

Articles in related categories

No related categories

latest news

Olaf Petersen leaves GfK GeoMarketing (DE) Olaf Petersen, long-standing member of the management board of GfK GeoMarketing GmbH and manager of... 6/9/10 14:35

MPGA acquires portfolio of 140 properties from German retail giant ALDI (DE) MGPA, the private equity real estate investment advisory company is pleased to announce that it has... 3/9/10 14:50

WestImmo posts good half-year results (DE) Westdeutsche ImmobilienBank AG (WestImmo) posted good results in the first half of 2010 in what... 1/9/10 14:40

King Sturge Real Estate Economy Index: Sentiment remains sunny (DE) The high-flying sentiment in the real estate industry persists according to the August survey for... 1/9/10 14:35

OVG delivers the Haagsche Zwaan office building to Union Investment (NL/DE) OVG has delivered the Haagsche Zwaan office development in The Hague to purchaser Union Investment.... 30/8/10 16:15

HSH Nordbank reaches further milestone in its strategic realignment (DE) HSH Nordbank has stayed successfully on its restructuring course, showing a substantially more... 20/8/10 16:30

Deka Immobilien buys another property in France (DE/FR) Deka Immobilien GmbH has acquired the fully-let Opéra Gramont office complex in the financial... 19/8/10 14:45

Western European warehouses will see 5% take up as GDP growth is forecast (EU) International real estate advisor Savills has reported that the Western European distribution hubs... 19/8/10 14:35

DTZ: German funds vacate their position atop the Czech real estate market (CZ/DE) In the first half of 2010, the volume of capital invested in domestic commercial real estate... 16/8/10 15:30

IVG reports higher consolidated net profit for Q2 2010 (DE) Overall real estate investment markets were stable in the second quarter of 2010, however, real... 16/8/10 15:08