Union Investment to spend EUR 270m on Hamburg revamp project

German investor Union Investment said on Thursday that it has been granted planning permission to refurbish the landmark Unilever building at Dammtorwall 15 in central Hamburg. The company plans to add a separate new building featuring a hotel, apartments and office space alongside the office tower, which was built in 1965 and enjoys listed status. Union Investment has agreed a long-term lease for the building with Scandinavian operator Scandic Hotels.

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