HOCHTIEF Projektentwicklung sells Kontorhaus Handelsreich in Hamburg
BLUE Asset Management acquires building on Hopfenmarkt off-plan for East Guardian Immobilien
(firmenpresse) - HOCHTIEF Projektentwicklung has sold its planned “Kontorhaus Handelsreich” development in Hamburg’s old town with an above-grade gross floor area of 6,600 square meters, to East Guardian Immobilien AG, Zurich, represented by BLUE Asset Management. The contractual partners have agreed that the purchase price will not be disclosed. The nine-story building is largely intended for office use and is due for completion by the end of 2016.
The approximately 930-square-meter project lot is in Hamburg’s Nikolai district between two streets—Willy-Brandt-Straße and Großer Burstah. The architecture acknowledges the exposed location of the corner lot at Hopfenmarkt 33: The facade emulates the style of Kontorhäuser (old office buildings built in the late 19th/early 20th century). The new building is allocated for mixed use: Apart from seven divisible upper levels for offices, there will be retail and dining space on the ground floor, while the uppermost eighth floor will be turned into four residential units. Storage space, mechanical services, 18 car parking space and bicycle parking slots will be located in the basement. The Kontorhaus Handelsreich is being built in line with DGNB Silver criteria, and is to be registered for certification. “Office space remains in demand in Hamburg—the sale of office space has risen during Q2 2015 compared with both Q1 2015 and year-on-year,” says Gordon Gorski, Managing Director of HOCHTIEF Projektentwicklung. “Demand was particularly high for rental space of between 250 and 700 square meters, a requirement that we are able to meet with the Kontorhaus Handelsreich.” Erik Wigertz, President of East Guardian Immobilien AG adds: “We are delighted with this investment on the Hopfenmarkt, and look forward to the long-term, mutual and successful development of this location.” Angermann M & A acted as an agent for the sale transaction. BLUE Asset Management, East Guardian Immobilien AG’s exclusive investment and asset manager, has already effected transactions in Hamburg, Munich and Austria with the Zurich-based company.
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HOCHTIEF is one of the most international construction groups worldwide. The company delivers complex infrastructure projects, in some cases on the basis of concession models. The Group operates in the transportation infrastructure, energy infrastructure and social/urban infrastructure segments as well as in the contract mining business. With around 53,000 employees and a sales volume of more than EUR 22 billion in FY 2014, HOCHTIEF is represented in all the world’s major markets. With its subsidiary CIMIC, the Group is market leader in Australia. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006.
HOCHTIEF Projektentwicklung as a subsidiary of the HOCHTIEF Group has been developing, realizing and marketing real estate projects in Germany and abroad since 1991 and is considered Germany''s leading inner-city center developer. Its core business comprises office buildings in downtown locations and areas within easy reach of city centers. It also focuses on residential properties, retail properties, hotels, and the development of entire urban quarters. HOCHTIEF Projektentwicklung does not build up any property portfolio of its own but operates as an "interim investor" with the goal of selling the projects to a final investor well-let and as swiftly as possible. With its offices in Germany and Europe, the company makes sure it is close to its clients. Sustainable concepts, prime locations, sophisticated architecture and innovative technology make for value creation and cost reductions.
HOCHTIEF Projektentwicklung GmbH
Gabriele Stegers
Head of Corporate Communications
Alfredstrasse 236
45133 Essen
Germany
Tel.: +49 201 824-2282
Fax: +49 201 824-1728
E-Mail: gabriele.stegers(at)hochtief.de
Datum: 06.08.2015 - 05:52 Uhr
Sprache: Deutsch
News-ID 1377340
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contact information:
Contact person: Gabriele Stegers
Town:
Essen
Phone: 0201 824-2282
Kategorie:
Real Estate & Construction
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