In August Cityhold Group should soon sign a purchase contract for Atlantic Haus in Hamburg from a fund managed by UBS. The acquisition of this property, located in the Harbour Business District, would bring Cityhold’s German portfolio to ā¬200 million. JLL marketed the asset on behalf of UBS, while legal advice came from Clifford Chance. Cityholdās legal advisors were CMS.
āAs Europe’s largest national economy and, above all, as a stable real estate market, Germany plays a key role for Cityholdās property investment strategy. Cityhold is planning to further expand its investments in Germany. In this context, Cityhold have expanded its geographic target area to include Germany’s five largest cities,ā said Berith KĆ¼bler, Cityhold.
