Radisson SAS Hotel has been acquired by Hamburgische Grundbesitz Anlage
Timon Bauregie GmbH & Co. KG has sold the Radisson SAS Hotel to Hamburgische Grundbesitz Anlage, a subsidiary of Landesbank Hamburg, for US$26 million.
The Radisson SAS Hotel offers more than 200 rooms and 15 conference and event halls. It is located on the site of the Hannover Fair.
Hamburgische Grundbesitz Anlage primarily carries out real estate-based investments in closed funds.
Timon Bauregie GmbH & Co. KG was founded in 1972 by Managing Partner Günther Tetzner. The Timon group specializes in the development and implementation of commercial real estate.
Oaklins' team in Germany advised Timon Bauregie GmbH & Co. KG in this transaction.
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