Aviva Investors buy Unilever’s German HQ

Aviva Investors’ real assets business has signed a deal that will see it become the owner of Unilever’s future German headquarters in Hamburg.

The 6,500 square metre building, currently under development, is due to be delivered by July next year and is fully pre-let to the British-Dutch consumer goods multinational.

Located in the heart of the city’s central business district, Neue Burg 1 is a high-grade office building that meets sustainability certifications, according to Aviva Investors Real Assets.

Financial details of the deal are yet to be disclosed.

The acquisition adds to the firm’s commercial real estate portfolio in Hamburg, comprising the ABC Straße 35 and Dornbusch 4 buildings.

“The city is a true regional powerhouse in Europe with an innovative and diverse economy, including a thriving start-up scene,” said Daniel McHugh, managing director of real estate investments.

©2019 funds europe

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