Irish investors in €15m Hamburg deal

IRISH investors have purchased office and retail properties in Hamburg for a knockdown price of €15 million from a German financial institution.

Signature Capital, whose principals are Ciaran McNamara and Enda Woods, has completed the acquisition of three properties with a combined 275,000sq ft of office and retail space in Hamburg, Germany.

Signature said the deal was an “off-market transaction” and said the portfolio was purchased directly from a German bank for €15m, which equates to only €55 per sq ft.