Cityhold Buys Hamburg Atlantic Haus Building
Stockholm-based Cityhold Property AB has acquired a Hamburg office property in the city’s Harbour Business District. Hamburg is the second largest city in Germany. Built in 2007, the Atlantic Haus office stands 88 meters tall. Atlantic Haus is comprised of approximately 32,000 square meters of gross rental area.
A UBS fund sold the property and was advised by Jones Lang LaSalle and Clifford Chance. L’Étoile Properties and CMS Hasche Sigle advised Cityhold.
Cityhold Property AB is owned by AP1 and AP2, two of Sweden’s buffer funds. AP1 and AP2 each contributed €500 million of equity for Cityhold.
Cityhold has mostly focused on Northern European real, particularly in the UK and Germany. Currently, Cityhold has a €200 million exposure to German core real estate.
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