CBRE BROKERS 2,600 SQUARE METERS OF OFFICE SPACE IN CELLS OFFICE SCHEME IN HAMBURG FOR ABBOTT

The global real estate service provider CBRE has brokered 2,600 square meters of office space for a subsidiary of the U.S. pharmaceutical group Abbott, Abbott Automation Solutions GmbH. The state-of-the-art office space is located in Hamburg’s City-Süd office submarket, at Sachsenkamp 5, and is managed by Cells Property Investors GmbH on behalf of an American pension fund.

Abbott Automation Solutions GmbH, founded after the acquisition of GLP systems GmbH by the Fortune 500 company Abbott, specializes in laboratory automation solutions. As a result of the company’s rapid growth, Abbott Automation Solutions GmbH needed to move to larger and more representative premises. Abbott was advised by two CBRE departments, Advisory & Transaction Services Office in Hamburg and Account & Transaction Management in Munich.

“The supply of office space in Hamburg is extremely limited – all the more so in this case, as Abbott was looking for high-quality and flexible space that could also serve as a development laboratory for its laboratory automation systems,” says Philip Runge, Director Advisory & Transaction Services Office at CBRE.

“The conclusion of the lease agreement shows that the location and building meet the highest standards. The decision also confirms our active asset management in the interest of the owner,” says Thomas Ostermann, Managing Director of CELLS Property Investors GmbH.