TD News International Location: Hamburg

Magna sells office buildings to Berenberg fund

18/06/2019 Magna Real Estate has sold four office properties in Hamburg, Lübeck and Norderstedt in an off-market deal to the open-ended real estate fund “Berenberg Real Estate Hamburg”. The properties – the Nordport-Towers in Norderstedt, Langenhorner Chaussee 92-94 in Hamburg’s Langenhorn district, and Moislinger Allee 3 and Wielandstrasse 14 in Lübeck, which Magna acquired last year [...]

Hamburg: Becken sells 274 apartments to Bayerische Ärzteversorgung

18/06/2019 Becken has sold its project development “Charlie-Mills-Quartier” in Hamburg’s Farmsen district to Bayerische Ärzteversorgung as a forward deal. The project developer intends to built 274 rental apartments in the quarter by Q2 of 2021, 56 of which will be rent controlled (maximum €9.50/sqm). In addition to the approx. 20,900 sqm of living space, four commercial [...]

Hamburg: Finanzcheck rents 6,200 sqm on Admiralitätstraße

13/06/2019 FFG Finanzcheck Finanzportale GmbH is renting 6,200 sqm of office space in the downtown Hamburg “Admi Ahoi” conversion project from Art-Invest. The service provider will occupy the entire building, located at Admiralitätstraße 60 and scheduled for completion in Q1 of 2020. Art-Invest intends to dismantle this building to the eaves along with the building next [...]

Hamburg: Instone buys €180mn residential project in Rothenburgsort

11/06/2019 Instone Real Estate has acquired a residential project from Deutsche Immobilien on Kanalstraße in Hamburg-Rothenburgsort near Hafencity. The two lots totaling roughly 15.700 sqm will be home to 45,000 sqm floor space for 750 units, including micro-apartments and social utilizations in addition to privately financed and subsidized apartments. The ground floor spaces are earmarked for [...]

VIB plans activity in northern Germany with Dutch partner

06/06/2019 VIB Vermögen is preparing a 50-50 joint venture to expand its project development business into northern Germany. Its cooperation partner is the Dutch developer WDP, which until now focused on the Benelux countries and has expressed interest in eastward expansion. The two companies have signed a letter of intent to examine joint logistics projects in [...]

Hamburg: Catella-fund buys residential project in Hafencity

05/06/2019 Catella Residential Investment Management (CRIM) has acquired a residential development in the Baakenhafen quarter in Hamburg’s Hafencity for a southern German pension fund. Garbe Immobilien is building 93 subsidized and privately financed apartments and a shop-in-shop concept for local manufacturers on the ground floor. This is part of the “Creative Blocks” project, which includes other [...]

Meyer Bergman buys two properties in Berlin and Hamburg

03/06/2019 Meyer Bergman has acquired two assets in Berlin and Hamburg for its closed European Retail Partners III fund. The property in Berlin is a former power substation dating from the 1920s in Neukölln. It will offer 1,800 sqm loft office space. A four-story office complex with 2.600 sqm lettable space will be developed on the neighboring lot. A preliminary [...]

Hamburg: Investcorp buys Airport-Center

22/05/2019 The “Airport-Center” on Langenhorner Chaussee 40-44 in the north of Hamburg is changing hands again. Amundi had bought the office property with a total of 35,000 sqm in October 2015 for its Opcimmo fund; in the spring of 2018, it went to American investor Ares Management as part of a portfolio spread over seven cities. [...]

Hamburg: Ditting to build in Eidelstedt for €170mn

17/05/2019 The building contractor and project developer Ditting plans to build around 300 apartments with a total area of 25,000 sqm and 8,000 sqm of commercial space at the corner of Holsteiner Chaussee and Eidelstedter Dorfstraße, opposite the Eidelstedt Center. Ditting recently acquired the 20,000 sqm site, evidently from Gesa Bau – according to previously-obtained information, [...]

Hamburg: Aug. Prien to build 10,000 sqm of office space at Domplatz

16/05/2019 Developer Aug. Prien has announced its office and residential building project between Domstraße, Alten Fischmarkt and Grosse Reichenstraße in Hamburg’s Altstadt district. As reported in the “Hamburger Abendblatt”, the current existing buildings that Aug. Prien acquired in recent years will be replaced by an eleven-story building with 10,000 sqm of office space and a six-story [...]