Berwin Leighton Paisner* has advised Allianz Real Estate, on behalf of Allianz Lebensversicherungs-AG, on the sale of the landmark property Hanseviertel to CBRE Global Investors.

The Hanseviertel is one of Hamburg’s best-known shopping destinations in the historic city centre. Besides the shopping arcade, the Hanseviertel consists of a 205-room Renaissance Hotel (Marriott Group), 14,400 sq m office space, and 15 residential apartments as well as a public parking garage with 440 parking spaces and further 160 private parking spaces in an additional underground garage and in the courtyard. The property has a combined GLA of approx. 38,850sqm. The famous landmark building Hanseviertel with its unique architecture, a mix of historical buildings and postmodern structures, was developed by Allianz Real Estate at the beginning of the 1980s.

A team led by Berlin partner Carsten Bremer advised Allianz on real estate, public and tax matters. Further team members were Frankfurt partner Boris Strauch (Public), senior associate Dominik Ernst (Tax), and associates Dirk Wiesner and Gregor Noack (both Real Estate).