Eastern Property Holdings has announced the signing of a shared purchase agreement to acquire 94 percent ownership interest in the office and retail complex “Work Life Center”, located in Hamburg, Germany from DWI Group. After completion of the construction works, there will be a mixed-use building complex (office, retail, leisure/fitness studio and underground parking lots) with a gross leasable area of approx. 12,000 sqm. Around 4,200 sqm of the space is already rented out to a well-known media company and the rest is currently marketed by the seller. Work Life Center is EPH’s second real estate asset acquisition in Germany.
