News from the real estate network

The Free and Hanseatic City of Hamburg has rented some 860 m² of office space in a town house on Mittelweg in Rotherbaum district for immediate use by the administrative department of the University of Hamburg.

meravis Immobiliengruppe, a house-building group, has purchased a site at Hamburger Strasse 40 in Ahrensburg measuring some 6,000 m². The development projected for the site is called “UPTOWN LIVING”.

GPP member Grossmann & Berger has brokered the sale of a residential and commercial property in Pinneberg’s pedestrian zone for which MWCM Holding has paid €1.85m.

In the 3rd quarter a further upturn in the market took total turnover to some 90 agreements for 246,000 m² of industrial, warehouse and logistics space in Hamburg and its environs. Although this total remains 34 % below that of the prior year, its take-up of 96,000 m² makes the 3rd quarter the strongest in 2019 thus far.

The market for investment in commercial properties in Berlin goes from strength to strength. By the close of the 3rd quarter the transaction volume had reached some €8.2bn - twice as high as in the same period of 2018 (€4.1bn).

As GPP member Grossmann & Berger reports, some 80 transactions generated sales of about €2.7bn. Despite the uncertainties of global trade and the cooling of the economy, the market was roused from slumber in the 3rd quarter with a transaction volume of €1.6bn.

Figures from GPP-member Grossmann & Berger show that take-up of office space in Hamburg had reached 435,000 m² at the end of the 3rd quarter. At the same time the shortage of offices became even more acute. For the first time since 2000 the vacancy rate dipped below the three-per cent mark to 2.9 %.

Located at Bleichenbrücke 9-11, the restaurant will occupy some 610 m² of space. It will be the seventh restaurant of Peter Pane in Hamburg. GPP member Grossmann & Berger found the suitable location in the the “Stadthöfe” complex.

Offering some 460 m² of floor space the premises are on the ground floor of the “Opera Offices Nero” building on Grosse Theaterstrasse. GPP member Grossmann & Berger found the suitable location for the Hamburg start-up.

As of 2024, the "Johann Kontor" will house a "Novotel Hamburg Central Station". The lease with the 227 room four-star hotel was brokered by GPP member Grossmann & Berger on behalf of AUG. PRIEN Immobilien.