€141.3m Hamburg property deal

IRISH investors have sunk over €140 million into a commercial venture in Hamburg, Germany.

Davy Private Clients sealed the deal on behalf of investors and it has identified the Hamburg area, as well as Munich, as key investment targets to be exploited further.

For a total outlay of €141.3m Davy has acquired a major retail and office property (Spitaler Hof) in Hamburg on behalf of clients.