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Signa Real Estate buys mixed-use development site in Hamburg for €120M

Private industrial holding company Signa Real Estate Group paid €120 million to buy a mixed-use development site in Hamburg from MEAG MUNICH ERGO AssetMgmt GmbH, Property Investor Europe reported.

The site currently has 15,000 square meters of lettable space across three buildings. Signa plans to build a prime office, residential and retail complex, according to the publication.