IMAXXAM, an independent partner specialising in the management of real estate investments, has acquired a significant life science campus on Fangdieckstraße in Hamburg-Langenhorn. The transaction was concluded with CLS Holding Plc. as the seller. This acquisition represents an expansion of IMAXXAM's portfolio in the specialised properties sector.
The property on Fangdieckstraße, located in the Langenhorn district, is a fully let life science campus. The site accommodates a user from the pharmaceutical and medical technology sectors. These sectors are characterised by high stability and specific infrastructure requirements. The long-term commitment of the tenant underscores the attractiveness of the location, as well as the quality of the existing building structure and its facilities.
Details of the Acquisition
The life science campus comprises a total lettable area of approximately 20,000 square metres. This area is divided into laboratory spaces, office premises, and storage facilities, which meet the specific needs of the tenant. The property was acquired as part of a sale-and-leaseback transaction, in which the user simultaneously signed a new long-term lease agreement for the entire property. This structure ensures sustainable use and planning certainty for both parties.
For the buyer, IMAXXAM, this acquisition represents a strategic investment in a growth market. The life science sector in Germany, and particularly in metropolitan regions such as Hamburg, shows continuously high demand for specialised spaces. The property in Langenhorn benefits from its location in the north of Hamburg, which ensures good accessibility and is situated within an established environment for research and development.
Legal advice for IMAXXAM was provided by the law firm Clifford Chance, while technical due diligence was undertaken by CBRE. Tax advice was handled by EY. For the seller, CLS Holding Plc., the law firm Hogan Lovells acted as advisor. This distribution of advisory mandates highlights the complexity and scope of the transaction.
