East Guardian buys Hamburg office project
Hochtief Projektentwicklung has sold the Handelsreich office building planned in Hamburg's old town with just under 6,600 sqm of above-ground gross floor area to East Guardian Immobilien AG, Zurich, represented by BLUE Asset Management from Munich. The nine-story building is predominantly intended for office use and is scheduled for completion by the end of 2016. The parties have agreed not to disclose the purchase price.
Hochtief Projektentwicklung is realizing the property on a 930 sqm corner plot in Hamburg's Nikolaiviertel district. Retail and restaurant space will be created on the first floor, while the seven floors above, each of which can be divided into two to three rental areas, will be available for office use. The eighth floor will be converted into four residential units.
A basement is also planned: in addition to storage areas and rooms for building services, 18 parking spaces for cars and bicycles will also be provided.
The Kontorhaus Handelsreich will be built and equipped according to the criteria of a DGNB Silver certificate. (ah)
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