FREO Group (“FREO”), the trusted operating partner of global investors offering unrivalled access to real estate experts on the ground in Europe, the UK and the US, has made the first investment for its value-add office fund with the acquisition of Hammerbrookstrasse 92 office property in Hamburg from Real I.S. (Bayernfonds Immobilienverwaltung).
Hammerbrookstrasse 92 is in a prime location in Hamburg City-Süd and has a total lettable area of 8,681 sqm and 70 parking spaces. FREO has already identified a number of asset management initiatives to further enhance the value of the property in line with the fund strategy. These include improving the sustainability of the property to achieve green building certification.
You can now read the full press release at the link below