THOMAS DAILY

Property Investment News Germany

Dortmund: Harenberg City Center resold after seven months

A fund advised by JP Morgan Asset Management – Real Estate (Europe) recently acquired the Harenberg City Center, a property in Dortmund with 21,168 m² of office area, from Hannover Leasing. Main tenants of the 18-story high rise across from the main train station are Deutsche Bahn, Dresdner Bank, and Brockhaus AG. Hannover Leasing first acquired the property in September 2006 from publisher Bodo Harenberg; at that time, a purchase price of €40mn was mentioned.

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