TD News International Location: Hamburg

Godewind buys Zeughausquartier in Hamburg and Y2 in Frankfurt

12/12/2018 Godewind Immobilien’s buying spree continues. The listed company is reporting an asset deal with two office properties in Hamburg and Frankfurt for a total price of €205mn. Annual rental income adds up to €9.4mn, resulting a gross initial yield of 4.6 %. CBRE advised the seller. According to TD research, one of the assets is [...]

Hamburg: Warburg-HIH buys office building on Eiffestraße

12/12/2018 Warburg-HIH has acquired a 9,000 sqm office building from Wegner Immobilien for the real estate fund Norddeutsche Versorgungswerke in Hamburg. The building on Eiffestraße 585 near City-Süd is fully leased to several tenants. The weighted average lease term is 12.5 years. The rent, Warburg-HIH states, is below that of an equivalent new building. Anchor tenant is Asklepios Kliniken with [...]

Hamburg: HanseMerkur buys “Phoenix-Kontor”

12/12/2018 HanseMerkur Grundvermögen has acquired the “Phoenix-Kontor” in Hamburg’s inner city from HPE Hanseatische Projektentwicklung for one of its open-ended real estate Spezialfonds. The ground floor of the roughly 4,000 sqm building on Brandsende houses a “Hans im Glück” system restaurant, the upper floors are occupied by an Aparthotel and offices. The property is to be [...]

Hamburg: hardware chain Clas Ohlson sells off all stores

07/12/2018 The Swedish hardware retailer Clas Ohlson is abandoning its plan to gain a foothold in the German brick-and-mortar store market. Since 2016 it had opened four branches in Hamburg, two of them in prime urban locations: Spitaler Straße 32 (1,000 sqm) and Jungfernstieg (1,800 sqm). The other two are located in the AEZ (Wandsbek) and [...]

Hamburg: Kolbenhöfe investors take over neighboring quarter

05/12/2018 The owners of the Kolbenhöfe quarter in Ottensen, Otto Wulff Projektentwicklung, Rheinmetall Immobilien, and Altonaer Spar- und Bauverein (Altoba) have acquired the Henkel-Schwarzkopf site adjacent to the Kolbenhöfe. Sellers of the 17,600 sqm lot, which is part of the same zoning plan, are ABG Group and Köhler & von Bargen Group. The transaction was supported [...]

Hamburg: R+V acquires Karstadt Sports building and LaHoMa

03/12/2018 The Karstadt-Sports building in downtown Hamburg has been sold. TD has learned from market insiders that the new owner is an investment vehicle managed by Union Investment Institutional Property as a Service-KVG for R+V Versicherung. The transaction did not involve a real estate investment manager or asset manager. JLL is said to have advised the [...]

Santander sells asset to Warburg-HIH and NIW

29/11/2018 Santander Private Real Estate Advisory & Management has sold four properties located in Düsseldorf, Hamburg, Oldenburg (Lower Saxony) and Ascheberg (Münsterland, North Rhine-Westphalia) to various buyers. The bank subsidiary was advised in the transaction exclusively by Colliers International. Warburg-HIH Invest Real Estate acquired the largest property, consisting of 4,800 sqm of lettable office space at [...]

Hamburg: Art-Invest buys “Haus der Seefahrt”

26/11/2018 Art-Invest Real Estate has acquired the “Haus der Seefahrt” in Hamburg for a special fund it manages. The sellers are private individuals from southern Germany. The property on Hohe Brücke 1 has about 3,300 sqm lettable space and is nearly fully leased, mainly to tenants in the media, communications, and marketing industries. Art-Invest Real Estate was [...]

Hamburg: HBH buys 100 apartments in “Tarpenbeker Ufer”

23/11/2018 Otto Wulff Projektentwicklung has sold 102 rental apartments in Hamburg’s “Tarpenbeker Ufer” quarter to Hanseatische Baugenossenschaft Hamburg eG. The transaction involves the plot number 6, on which nine buildings are being constructed to provide around 8,150 sqm of privately financed living space and underground parking for 90 vehicles. Construction has already begun; completion is scheduled [...]

La Française buys “Schumacher Kontor” in Hamburg

20/11/2018 The pension fund Hamburger Pensionskasse von 1905 has sold the historic “Schumacher Kontor” on Dammtorstraße 25. The buyer is asset manager La Française on behalf of the Gisev family office, which in turn acts on behalf of a Luxembourg fund. The “Schumacher Kontor” has about 4,500 sqm lettable space, was built in 1911/12 and modernized [...]