TD News International Location: Hamburg

Purchase prices for new condominiums in Hamburg are dropping

15/10/2018 In the city of Hamburg, purchase prices for new condominiums declined in September compared to the previous year by 0.9 % to now €5,809/sqm. A minimal decrease (-0.2 % to 5,380 €/sqm) was recorded in the greater Hamburg area as well. Particularly large price reductions in Altona and Eimsbüttel contributed to the drop, Project Immobilien [...]

Hamburg: Görg leases 4,200 sqm on Alter Wall

12/10/2018 The commercial law firm Görg Partnerschaft von Rechtsanwälten mbB will be moving its Hamburg office with 130 employees next summer from Opern Plaza to the Art-Invest construction project at Alter Wall 2-32. Görg’s leasing of 4,200 sqm means that around 75% of the complex’s office space has now been allocated. Angermann brokered the signing of [...]

Hamburg: Postbank sells office complex to Magna and will move into Ipanema

11/10/2018 After selling off locations in Munich, Bonn and Hanover, Postbank is overhauling its administrative offices in Hamburg with the sale of its City Nord office quarter complex to Magna Real Estate. On the final day of the Expo Real yesterday in Munich, TD learned that Postbank will be moving to the neighboring Ipanema building complex, [...]

Hamburg: JP Morgan buys Officefirst asset in Harburg

01/10/2018 Blackstone subsidiary Officefirst has now also divested its properties in the Harburg river harbor. The lion’s share, meaning the ensemble “The Channel” of eight buildings with 47,500 sqm lettable space, goes to a fund by J.P. Morgan Asset Management. Cushman & Wakefield had been contracted to run the bidding process in February. Apart from selecting [...]

Hamburg: Europcar HQ moves into 5,600 sqm in Berliner Bogen

01/10/2018 Rental car company Europcar will be moving its Germany headquarters with 310 employees to the Berliner Bogen early next year. The firm has leased 5,600 sqm office space in the office building, which is managed by Competo Capital. Europcar is currently operating out of a location in Hamburg-Langenhorn. Managing Director Stefan Vorndran praises the architecture [...]

Hamburg: HanseAtrium goes to Blackrock

27/09/2018 The Next Estate Income Fund (NEIF), a spezialfonds managed by BNP Paribas REIM Luxembourg, has sold the “HanseAtrium” office building in Hamburg’s City Süd district to Blackrock. The fund had acquired the 15,700 sqm property in 2012. It is located on Wendenstraße and Sachsenstraße and is almost fully let to financial and industrial firms. According [...]

Hamburg: DWI plans offices and apartments in City Süd

25/09/2018 Hamburg-based developer DWI is tackling new construction in City Süd for the first time. As soon as existing leases for the Spaldinghof run out in the middle of next year, the structure, which DWI acquired four years ago, is to be demolished. In its place, DWI is building a 35 m office building with about [...]

Hamburg: HC Hagemann plans hotel tower on Hamburg’s river port

24/09/2018 HC Hagemann is planning to build an 18-story hotel with 600 rooms on Hamburg’s river port. The site is located on Kanalplatz across from the “Fleethaus” on the western Bahnhofskanal. The company had previously envisioned an office tower for the lot. Hagemann will be operating the hotel themselves, expecting to attract for instance participants of [...]

Hamburg: Facebook leases 4,200 sqm in “Haus am Domplatz”

21/09/2018 Facebook is moving its German headquarters to another location within Hamburg. It has only been a tenant in the Allianz-owned “BrahmsQuartier” building on Caffamacherreihe since 2015, but the 2,000+ sqm in space is now no longer sufficient. Market insiders have now confirmed that the company has signed a lease for 4,200 sqm of office space [...]

Hamburg: Publity sells “Alsterpark” to Becken

07/09/2018 Publity has sold the “Alsterpark” office complex in Hamburg to the Becken Group. Publity had acquired the complex, located on Deelbögenkamp 4, from a Commerzbank fund for an institutional investor in November 2015, and had been overseeing it as asset manager. At that time it was still being fully let by Verwaltungsberufsgenossenschaft (VBG) as its [...]