Garbe sells Hamburg's HQ to Norwegian investors

Norwegian investors Orkla Finans and BSA Capital, acting on behalf of the fund Prime Office Germany, have acquired the head office development of the Garbe Group in Hamburg's Hafencity for a total of EUR 33 mln. Garbe is leasing back the 5,700 m[sup]2[/sup] property which will serve as its headquarters after completion in September 2008, newspaper Immobilien Zeitung reported. BSA was advised by Frankfurt-based Buse Heberer Fromm.

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