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HSBC Plans Up To $440M Investment in Germany

HAMBURG, GERMANY-The division recently bought a logistics asset in Hamburg for its European Active Real Estate Fund, the fund’s first purchase in the country.

By Allan Saunderson | Updated on April 25, 2011

HAMBURG, GERMANY-HSBC Specialist Investments, the infrastructure and real estate arm of the giant HSBC banking group, plans to enlarge its German logistics, retail and office portfolio by $300 million to $440 million, a company representative says. The division recently bought a logistics asset in Hamburg for its HSBC European Active Real Estate Fund, the fund’s first purchase in the country and the first outside the UK.

“We are happy about our first German logistics deal after 20 years’ investment in the British market,” said Joram Szerkowski. “Further deals in our logistics pipeline are almost closed.”

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