Hamburg Commercial Bank finances acquisition of “Kaufmannshaus” in Hamburg
HAMBURG/GERMANY – Hamburg Commercial Bank AG (HCOB) is providing the London-based asset manager Attestor Ltd. with an acquisition and investment loan for the “Kaufmannshaus” office and commercial property in Hamburg. The parties have agreed not to disclose the financing amount.
The listed building, constructed in 1906, features classic merchant house architecture and is located in Hamburg’s city center between Große Bleichen and Bleichenfleet. The property comprises around 24,000 square meters across six floors, surrounding a glass-roofed atrium. Attestor is creating attractive spaces in the city center through extensive refurbishment and modernization measures.
“We are very pleased to have convinced the experienced team at Attestor of our capabilities and to have gained this internationally active group as a new client with our tailor-made structured financing,” said Peter Axmann, Head of Real Estate Clients at Hamburg Commercial Bank. “With the purchase of Kaufmannshaus in the heart of our hometown, Attestor is securing the future of this historic property – a project that we are happy to support.”
About Hamburg Commercial Bank
Hamburg Commercial Bank AG (HCOB) is a private commercial bank headquartered in Hamburg, Germany, that provides customized financing solutions for German and European companies. HCOB has a strong position in structured real estate and project finance and is a reliable financing partner for the shipping sector. Efficient and secure payment transaction services as well as innovative products for foreign trade complete the range of services. The bank is guided by established ESG criteria and operates from several locations in Germany as well as in Amsterdam, London, Luxembourg and Piraeus. For more information, please visit www.hcob-bank.com.
About Attestor Ltd.
Attestor Limited is a UK-based asset management firm headquartered in London. Founded in 2012, the company currently manages approximately USD 9 billion, primarily on behalf of U.S. university endowments and family offices. Attestor specializes in investments in complex special situations, with a focus on long-term value creation.
The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.
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