The multifunctional building has retail areas on the first floor and residential apartments from the second floor upwards. Credit: Moka Studio.
Development | Ticker

Garbe, Terragon, and URW join to develop residential project in Westfield Hamburg-Überseequartier

In a joint venture, Garbe Immobilien-Projekte and Terragon have acquired a residential building in Westfield Hamburg-Überseequartier. Together with Unibail-Rodamco-Westfield, they are now working on the urban development within the mixed-use quarter.

The project fits into a mixed-use environment that provides access to all everyday amenities within a five-minute walk: Westfield Hamburg-Überseequartier will feature more than 40 gastronomy units, as well as entertainment and cultural offerings–including the first Kinopolis cinema and the first Legoland® Discovery Center in Hamburg. 

In addition to flagship stores, such as the first Breuninger Department Store in Hamburg, there will also be local supply elements such as an approximately 3,000-square-meter flagship store of REWE or an experience-oriented drugstore of BUDNI. The quarter also includes offices for 4,000 workplaces, three hotels and a cruise terminal. 

According to the current state of planning, 186 apartments specially designed for best agers will be built above the retail areas on a gross floor area of 20,400 sq m. In addition to a comprehensive range of services, a spa and fitness area, an atelier, a restaurant and integrated community spaces will be part of the overall concept. The investment volume of the joint venture is in the lower three-digit million euro scale.

“We are creating a project which addresses a wide variety of target groups and their needs and links them intelligently with one another. In this way, we are meeting the demands for modern generation-friendly environments and attractive urban architecture,” explains Fabian von Köppen, Managing Director of Garbe Immobilien-Projekte GmbH.

The neighborhood is characterized by a varied mix of gastronomy, entertainment, and culture as well as shopping and local supply. The offer in the district is complemented by a separate cluster with medical practices as well as high-quality fitness, health, and wellness services.

“Westfield Hamburg-Überseequartier stands for a dynamic combination of living, working and leisure. We are creating a vibrant place that will appeal equally to residents, office workers, visitors from near and far – and, moreover, to all generations,” says Andreas Hohlmann, Managing Director Austria & Germany at Unibail-Rodamco-Westfield.

The mixed-use quarter inner-city construction site has a large number of buildings and usages, which also leads to a high degree of complexity in construction and site logistics. “With our bundled experience, we are able to coordinate up to 350 planners and craftsmen in the short construction period and thus ensure the quality requirements,” explains Tobias Hertwig, Managing Director responsible for engineering at Garbe Immobilien-Projekte GmbH.

The mixed-use project consists of a total area of 419,000 sq m and will be realized by URW with an investment sum of more than one billion euros.

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