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Garbe sells Hamburg's HQ to Norwegian investors
Date: 5 December 2007
Norwegian investors Orkla Finans and BSA Capital, acting on behalf of the fund Prime Office Germany, have acquired the head office development of the Garbe Group in Hamburg's Hafencity for a total of EUR 33 mln. Garbe is leasing back the 5,700 m2 property which will serve as its headquarters after completion in September 2008, newspaper Immobilien Zeitung reported. BSA was advised by Frankfurt-based Buse Heberer Fromm.

Located in Hamburg, London, Paris, Istanbul and Moscow, Garbe develops properties, predominantly in the commercial, logistics and residential sector.
PropertyEU newsletter, 6 December 2007
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