Warburg-Henderson KAG, the Anglo-German open-ended fund, has bought the British American Tobacco (BAT) building in Hamburg in a sale and leaseback deal, newspaper Immobilien Seating reported. The property with 15,400 m[sup]2[/sup] of lettable area was acquired for the Warburg-Henderson's Pan Europe No. 2 fund.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
