BNP Paribas REIM sold the Hanse Atrium building in Hamburg to BlackRock on behalf of its Next Estate Income Fund (NEIF), managed by BNP Paribas REIM Luxembourg. The Fund acquired the property in 2012.
Located in Hamburg City-South, Hanse Atrium has a surface area of approx. 15,700 sqm and is almost fully let to leading financial and industry companies. Part of the fully green certified NEIF fund, this asset benefits from a DGNB Silver certification.
Laurent BOISSIN, Fund Advisor of NEIF, comments: “We are pleased to announce the sale of Hanse Atrium in Hamburg as another important step of NEIF Fund's divestment plan. The fund performance surpasses significantly the initial objectives which is a clear affirmation of the NEIF strategy with its focus on core assets in European top locations.”
NEIF is a European fund offering diversification in the Eurozone office sector to international institutional investors. Its successor NEIF II Fund, launched in 2014, is fully invested and exceeds 800 million euros GAV. NEIF III fund, launched in 2017, started successfully its investment phase in the Eurozone while aiming a distribution of 4% p.a.
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