Morgan Stanley and Prelios have sold Harburg Carree to Erste Group Bank AG
March 2014 — Morgan Stanley and Prelios Immobilien Management GmbH have sold the Harburg Carree building complex to Erste Group Bank AG for an undisclosed consideration.
Harburg Carree is a multi-storey building complex located in the centre of Harburg. With a total area of 23,256 sqm, the property provides shops, offices and apartments, as well as 512 parking lots.
Erste Group Bank was founded in 1819 as the first Austrian savings bank. The group has around 46,000 employees and over 16 million clients in 2,800 branches in 7 countries. Erste Group is one of the largest financial services providers in Central and Eastern Europe.
Established in 1935, Morgan Stanley is a American multinational financial services corporation headquartered in Midtown Manhattan, New York City. Morgan Stanley operates in 42 countries and has more than 1,300 offices and 60,000 employees. The main areas of business are global wealth management, institutional securities and investment management.
Prelios Immobilien Management is based in Hamburg and acts as a full service property manager for institutional and private German and international investors.
Our role in the transaction
Oaklins’ team in Germany advised the seller in this transaction.
Talk to the deal team
Related deals
Livlande Agro has been acquired by Merito Partners
Merito Partners has acquired a controlling stake in Gaižēni SIA, one of Latvia’s leading pig farming companies operating under the Līvlande Agro brand, from NCH Capital and other shareholders. The company’s founder and management team will remain actively involved in the business, supporting its continued growth and development.
Learn moreCensus Group has acquired Lecklé Oy
Backed by Swedish Aspira Partners, Census Group has acquired SYS Audit Oy, Lecklé Oy, Tiliextra Oy, Tase-Koivu Oy Tilintarkastusyhteisö, HJL Audit Oy and Auditus Tilintarkastus Oy. These transactions mark the creation of new platform in the Finnish audit and advisory services market. The newly formed group is jointly owned by Aspira Partners, entrepreneurs and key employees united by a shared vision and strong commitment to serving small and medium-sized enterprises (SMEs).
Learn moreTerhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Learn more