October 30, 2009 - Assignment

Swedish property company Norrporten closes third acquisition in HafenCity Hamburg

Mannheimer Swartling has advised Norrporten Deutschland Holding GmbH, the German subsidiary of Sundsvall based Norrporten Group, on the approximately SEK 600 million acquisition of office and retail building “S-KAI Am Sandtorpark” in HafenCity Hamburg from DWI-Gruppe Hamburg.

This transaction is Norrporten’s third acquisition in the region, making Norrporten one of the biggest foreign investors in HafenCity Hamburg, Europe’s largest inner city urban development project. The acquisition of this building increases Norrporten’s ownership of real estate in HafenCity Hamburg by 12,000 square metres of office space and 1,500 square metres of retail area to approximately 30,000 square metres.

Mannheimer Swartling’s team handling the transaction was led by Alexander Foerster, assisted primarily by Nelli Schiebeler, Verena Behnke, Thilo Schulz and Marc Torsten Hausmann.