A fund managed by Bayerische Versorgungskammer and GBI AG Gesellschaft für Beteiligungen und Immobilienentwicklungen acquired Lindner Hotel Am Michel in Hamburg from Lloyd Fonds AG.

Lloyd Fonds AG is a Germany-based multi investment and asset management company. It develops, sells and manages asset investments for institutional and retail investors, and focuses on alternative real assets and investment products. The Company operates through three segments: The Shipping and Other Assets segment focuses the purchasing, structuring and selling assets in the shipping and secondary-market ship fund business and financing of assets by arranging debt and equity capital. The Real Estate segment focuses on the purchase and structuring of assets in the real estate segment. The Trusteeship segment includes, among others management of trust accounts and services for fund entity investors.