Warburg-HIH Invest forms value-add unit

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Warburg-HIH Invest Real Estate is in the process of setting up a new business unit and plans to invest €300m in German office properties marked by value-add and rental upside potential before the end of the year. Hans-Joachim Lehmann, managing director of Warburg-HIH Invest said:"We will upgrade the properties, eliminate vacancies, bring them up to the market level within three to five years and dispose them off afterwards. We will limit these activities to the Big Seven cities, which are subject to keen demand among investors and tenant leads." The new business unit will be headed by...

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