PORTFOLIO: FUND V
A heritage protected building
Helmut Striffler Haus (HSH) is a heritage protected office building in Mannheim, Germany, acquired in a sale-and-leaseback transaction with the insurance arm of a local savings bank. The 20,684sm property needs extensive renovation, safety upgrades and decontamination. ASG will reposition HSH to take full advantage of its excellent location in Mannheim, where there is growing demand for office space.
HSH illustrates ASG’s ability to source investments in the highly competitive German office market and the asset management expertise to unlock value.