TD News International Location: Hamburg

Hamburg team builds rent-reduced residential quarter

14/02/2019 Hamburg Team and the municipal company Saga are building more than 800 apartments as well as spaces for communal facilities (day-care centers), shops and restaurants in Hamburg’s Hamm district. The residential quarter “Osterbrookhöfe”, located on and adjacent to the former site of the Ernst Fischer sports field on Wendenstraße, is expected to accommodate 2,000 people. [...]

Assetando buys subsidized housing in Matrix project near Hamburg

11/02/2019 Assetando has acquired three lots in the “ILO-Park” project in Pinneberg near Hamburg from developer Matrix Immobilien. The lots totaling about 4,600 sqm are to be used for building about 75 apartments by the summer of 2021. The units will be subsidized by investment bank IB Schleswig-Holstein. Assetando is working on the project with SG Bau [...]

Hamburg: Real I.S. buys office building on Rödingsmarkt

05/02/2019 Real I.S. has acquired the office building on Rödingsmarkt 20 in Hamburg for its Themenfonds Deutschland II. The multi-tenant structure, which was revitalized and expanded in 2011, has 7,800 sqm lettable space and is nearly fully leased. According to the latest information, the eight-story building was managed by Officefirst for Blackstone. The transaction was brokered [...]

Hamburg: New Competo fund buys Quest office buildings on Cremon

30/01/2019 Competo Capital has purchased two office buildings in Hamburg from Quest Investment in an asset deal. The two structures are the new building Cremon 1 and the refurbished building Cremon 3. They will be part of the open-ended real estate Spezialfonds JHS Competo Immobilien Deutschland, which Competo recently launched jointly with service capital manager Intreal [...]

Hamburg: Evoreal building apartments in Rothenburgsort

30/01/2019 Evoreal has acquired another housing construction project in Hamburg. Instead of the former buildings of steel company Albert Mundt on Marckmannstraße in Rothenburgsort, the firm is planning 20,000 sqm GFA for 175 apartments and 5,000 sqm commercial space. The project is part of the quarter development Quero with 500 student apartments and 485 units in [...]

Hamburg: BNP Paribas REIM buys Kallmorgen Tower

28/01/2019 Developer Quest Investment Partners reports the sale of the Kallmorgen Tower in Hamburg to BNP Paribas REIM. The asset will be added to the Next Estate Income Fund III (NEIF III). The seventeen-story office building on Willy-Brandt-Straße 23 was designed by architect Werner Kallmorgen for IBM in 1968 based on a Hollerith card. Over the [...]

Hamburg: DC builds 400 apartments above Hafencity shopping hotspot

25/01/2019 DC Developments has acquired a development for 400 apartments in the Hafencity’s southern Überseequartier in Hamburg from Unibail-Rodamco-Westfield. DC intends to build 306 upscale units with 20,100 sqm on construction site A on San-Francisco-Straße according to plans by the architect Carsten Roth, and 96 flexible-layout luxury condominiums with 7,500 sqm (KBNK Architekten) on the neighboring [...]

Hamburg planning a science district

23/01/2019 Hamburg’s senate, the district of Altona, the Deutsche Elektronen-Synchrotron (Desy), and Hamburg University revealed their development plan for “Science City Bahrenfeld” yesterday. The name describes a vision of creating new scientific institutions, buildings for startups, and 2,500 apartments on 125 ha around the research campus in Bahrenfeld. Apart from an expansion of the Desy, which [...]

Hamburg: Arax enters the market with Poseidonhaus

22/01/2019 Assetmanager Barings has sold the 40,000 sqm office building “Poseidonhaus” in Hamburg’s City-Süd. Arax Properties acted as investment manager for the buyer, as TD learned from market insiders. The transaction was finalized before the end of last year. The building had been for sale since 2017, but the marketing process had been aborted. This second [...]

R+V buys commercial property near Billstedt-Center in Hamburg

21/01/2019 Insurer R+V Versicherung is buying another large retail property in Hamburg, after the Lahoma and the Karstadt-Sports building. This next acquisition is the commercial building on Möllner Landstraße 3 next to the Billstedt-Center with anchor tenants Primark and Müller Drogerie. The seller is Signature Capital. JLL brokered and advised on the transaction. The seller was [...]