Alstria Office REIT has agreed the terms of a joint venture with Hamburg-based developer and fund manager Quantum Immobilien to refurbish the Kaisergalerie in Hamburg. The asset is located in one of Hamburg's prime areas called Große Bleichen. Within the framework of the joint venture, Alstria sold a 51% stake to its partner, generating about EUR 13.5 mln of liquidity.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
