Hamburg/Liverpool, 11. October 2018 – Warburg-HIH Invest Real Estate (Warburg-HIH Invest) just sold an office property with a gross lettable area of 12,500 square metres in Liverpool. Warburg-HIH Invest was advised by TH Real Estate during the sales process. It was agreed not to disclose the selling price. The building at 101 Old Hall Street was raised in 2003 and is fully occupied at the moment. Main tenant is HM Passport Office Liverpool and the business process service consultancy Diligenta. The transaction marks the disposal of the final asset in the portfolio of one separate asset pool.
The buyer is Palm Capital, a real estate private equity partnership active across Europe and with offices in London and Madrid. The property was acquired within the framework of its current UK office strategy of investing in regional cities.
“We moved ahead with the sale because improvements would have required a time period of several years,” said Andreas Schultz, Managing Director at Warburg-HIH Invest. “The currently positive market environment made it possible to get an adequate price for it.”
“We moved ahead with the sale because improvements would have required a time period of several years. The currently positive market environment made it possible to get an adequate price for it.”
Andreas Schultz, Managing Director Transaction Management International
Warburg HIH Invest