Image: © CopterCloud2018 | SIGNA
Ticker

SIGNA ACQUIRES GÄNSEMARKTPASSAGE IN HAMBURG

SIGNA has acquired Gänsemarktpassage in Hamburg from MEAG, the asset manager of Munich Re and ERGO.

The property is in a prime location between Gänsemarkt, Jungfernstieg and Colonnaden. “The site’s strong points include its central location, outstanding urban setting and excellent public transport links. It is also one of Hamburg’s most sought-after office and retail locations,” commented Timo Herzberg, CEO of SIGNA Real Estate Germany. “The acquisition of Gänsemarktpassage gives us a unique opportunity to implement a large-scale development project in the centre of Hamburg.” BNP Paribas Real Estate played an advisory role in the transaction.

DEVELOPMENT OF OFFICE, RESIDENTIAL AND COMMERCIAL PROPERTY

Gänsemarktpassage currently has around 15,000m2 of lettable space, with 12,400m2 in the new building, completed in 1979, and 2,600m2 in the two historic buildings on Colonnaden, which date back to 1885. SIGNA plans to develop a high-end office, residential and commercial property. The existing buildings will be refurbished and extended.

WELL DEVELOPED LOCATION WITH EXCELLENT TRANSPORT LINKS

The quality of the location has been enhanced in recent years thanks to numerous upgrades as part of a business improvement district initiative, which in turn has attracted new businesses and generated increased footfall. The site also has outstanding links to the city’s public transport network, and the U2 underground station Gänsemarkt is directly in front of the property. The central railway station is only five minutes away on underground line U2, and Hamburg’s international airport can be reached in about 30 minutes.

 

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

JSE-listed EPP outperforms in 2018

JSE-traded EPP, the pure Polish retail property fund, delivered a total return of 21% in 2018 to significantly outperform the market, making it the top performing listed property company of the year. This is a significant difference from the benchmark index (SAPY) total return of -25%.

CEO Wereldhave Dirk Anbeek to step down

The Supervisory Board of Wereldhave NV announces that Dirk Anbeek, CEO of the Company, will leave Wereldhave after ten years per April 1, 2019, having accepted a position elsewhere, outside the real estate sector.

Good momentum for the new business year

Unibail-Rodamco-Westfield Germany looks back on a successful business year; the strategic focus for 2019 further on lies on optimizing the existing portfolio.

Kintyre appoints Guido Beddig to senior management team

Kintyre, the Frankfurt based investor and real estate manager, has announced the appointment of Guido Beddig (50), a well-known and experienced asset and property manager, to its senior management team.

BNP Paribas Real Estate and the company EHL Immobilien GmbH signed an alliance contract in Austria

BNP Paribas Real Estate has strengthened its European presence by signing an alliance contract, regarding Advisory services (Transaction, Consulting, Valuation) and Property Management, with the Austrian real estate company EHL IMMOBILIEN GmbH, headquartered in Vienna. Founded in 1991 and managed by Michael Ehlmaier, EHL IMMOBILIEN GmbH employs 193 people, based mainly in Vienna.

JAN TANNER JOINS ACROSS ADVISORY BOARD

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Jan Tanner as its new member.