Peakside and Partners Group sell office property in Hamburg to May & Co.

Hamburg / Frankfurt, 19 February 2021 – A joint venture between investment manager Peakside Capital Advisors AG („Peakside“) and the global private markets investment manager Partners Group (“Partners Group”) has sold the Spaldingstrasse 77-79 office and commercial property in Hamburg to May & Co. The asset is part of the so-called Omega portfolio, the largest part of which Peakside and Partners Group secured for their clients about a year ago. It encompasses 30 office and logistics properties in large German cities as well as in France and the Netherlands.

The plot in Hamburg’s City South borders the Münzviertel quarter and is within walking distance to the central train and bus stations. The property offers around 9,000 m2 of GLA as well as 140 spaces in an underground car park and is utilised by a mix of occupiers. The buyer is planning to redevelop the asset over the mid-term. Maximilian May, Managing Director of May & Co., says: “After the City itself, City South is the most favoured office location in Hamburg. Over the past years, a number of commercial and residential developments have increased the attractiveness of the micro location. We are planning to take advantage of that trend.”

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