SEB AG, based in Germany, has sold a 100% stake in Spaldinghof to DWI Grundbesitz GmbH (DWI) for an undisclosed consideration.
Spaldinghof is an office and commercial building in the Hamburg area City-Süd near the main train station. The complex was built in 1957 and provides 13,000 sqm usable of which 60% are let.
The DWI group was established in 1991 and is primarily active in the development of commercial real estate. The group activities range from the acquisition of property, the planning and realization of new projects as well as the refurbishment of existing buildings, including the leasing of such objects to tenants and the sale of completed projects to private and institutional investors.
SEB is the leading corporate and investment bank in the Nordic countries, serving large corporations and financial institutions with corporate banking, trading and capital markets and global transaction services. Comprehensive pension and asset management solutions are also offered. SEB acted as petitioning creditor of the foreclosure auction.
Oaklins' team in Germany advised SEB AG on the whole transaction process in the framework of a foreclosure auction.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.