Potsdam, 23 June 2021 – PROJECT Immobilien Gewerbe AG has sold its H-LAB office and laboratory complex at Am Mühlenberg 9 in Potsdam to Warburg-HIH Real Estate (Warburg-HIH Invest). The project located at the Potsdam Science Park has a gross lettable area of approximately 4,600 square metres and is currently under construction. It is scheduled for completion in the fourth quarter of 2021. Warburg-HIH Invest concluded the investment as part of a club deal for two investors. PROJECT Immobilien DLA Piper provided legal advice. On the buyer’s side, legal and tax due diligence was performed by Ashurst LLP from Frankfurt am Main, while ES EnviroSustain from Berlin took charge of technical and ESG due diligence.
Hans-Joachim Lehmann, Managing Director of Warburg-HIH Invest, said, “We succeeded in acquiring a prestigious new project with an off-market deal. An anchor tenant with a strong credit rating guarantees a secure and longterm cash flow and attractive yields. The property also has state-of-the-art technical facilities and flexible floor plans, making it perfect for alternative uses as well.”
“Science and education are the keys to a successful future,” said Alexander Klein, Director of Global Sales at PROJECT Immobilien Gewerbe AG. “Locations where such activities can flourish are extremely exciting for us as project developers, and are in high demand among investors. Our success at acquiring the University of Potsdam as the anchor tenant is a testament to our focus on forward-looking locations and outstanding building concepts.”
The location at Potsdam Science Park offers an ideal platform for networking with other companies and researchers from a variety of different industries of the future. The Potsdam Science Park is an important science and research location in Brandenburg and offers excellent links to regional and long-distance rail services.
PROJECT Immobilien Group based in Nuremberg has been successfully realising residential and commercial properties in Berlin, Hamburg, Munich, Nuremberg, the Rhine-Main region, Rhineland and Vienna for 25 years. PROJECT Immobilien Gewerbe AG is responsible for managing the group’s commercial properties all over Germany.