BPT Hansa sets up the German Headquarters for Wärtsilä
20 June 2008
Related to
BPT Hansa
Together with bauwo Grundstücks AG,
Danish Investor Baltic Property Trust is setting up the extension
building for the current headquarter of Wärtsilä Deutschland GmbH.
Within a sale and lease back construction the German Fund BPT Hansa
Lux SICAV-SIF purchased the site next to the current headquarter
building from the Freie and Hansestadt Hamburg and will set up the
extension of Wärtsilä's workshop - and office headquarter building.
In return a fixed 20-years leasing agreement was signed by
Wärtsilä. The German company is part of stock exchange listed
Finnish Wärtsilä Corporation, located in Helsinki. Wärtsilä focuses
on the marine and energy markets with products and solutions as
well as services. Through innovative products and services,
Wärtsilä sets out to be the most valued business partner of all its
customers. This is achieved by the dedication of more than 17,000
professionals manning 160 Wärtsilä locations in 70 countries around
the world.
The extension of the head quarter next
to Hamburg 'Spreehafen' will be set up on an area of approx. 5,000
sq.m. "The proximity to 'Spreehafen' area is one of the advantages
of the submarket Wilhelmsburg, where the property is located. There
is a dynamic development of the location" says Andrea Jost, fund
manager of BPT Hansa Lux SICAV-SIF. "There is also a very good
potential in the property itself. Compared to other properties we
will set up a very high quality building of fl exible use also for
other tenants. With the extensive technical equipment and a huge
clear height it fi ts perfectly to exclusive demands much beyond
market level".
"We are pleased to have Wärtsilä
Deutschland GmbH, a 100% subsidiary of one of the leading companies
in supplying engines and power solutions to the marine industry, as
our fi rst tenant in Hamburg." This acquisition is the entry for
BPT into the actually complex and challenging Hamburg market. We
are looking for further attractive investments and developments in
Hamburg. This dynamic city in Northern Germany is one of our
regional key-aspects for investments" states Andrea Jost. "The
objective of our German fund is to serve the interest of our
investors with minimized risks and attractive performances of the
acquired properties. Concurrently, we are offering full-range
corporate real estate solutions to our tenants."
For more information on this
press release please contact:
Andrea Jost, FRICS
Country Director Germany
phone: +49 30 20 21 59 880
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