HIH Invest sells Michelkontor office and commercial building in Hamburg to PAMERA Real Estate

HIH Invest Real Estate GmbH (“HIH Invest”) has successfully sold the Michelkontor office and commercial building in Hamburg’s Neustadt district to PAMERA Real Estate Partners GmbH, a family-owned real estate office. Located at Englische Planke 2, Michelkontor was originally built in 2002 by Quantum AG and acquired by HIH Invest in 2014 on behalf of the real estate fund of the Norddeutsche Versorgungswerke superannuation scheme.

The Michelkontor building offers 4,630 square meters of leasable space, with 4,600 square meters dedicated to office areas and 30 square meters for storage. The property also includes 36 parking spaces in an underground garage and is fully occupied, with prominent tenants like Barmenia AG health insurance and logistics company Dachser SE.

Commenting on the transaction, Daniel Asmus, Team Head of Transaction Management Office Germany at HIH Invest, said, “Our sale of Michelkontor in Hamburg demonstrates that family offices remain strongly interested in high-end office assets in prime locations of Class A cities.”

Christian Kramp, Senior Fund Manager at HIH Invest, highlighted the success of their asset management strategy: “Through active management, we achieved 100 percent occupancy, creating an attractive asset for the market while securing an excellent return on investment for our clients.”

The sale was brokered by Grossmann & Berger, and the financial details of the transaction remain undisclosed.