AREA 5.0
hamburg
Deelbögenkamp 4
22297 Hamburg
Key Facts:
object size
31.121
m²
Status
Sold
segment
Core+
Time of purchase
2018
December
Object description
The Deelbögenkamp 4 office complex with around 31,000 m² of rentable space is divided into five identical buildings and is rounded off by a lounge with canteen, an inner courtyard and a two-storey underground garage. The property is centrally located in Hamburg between the airport and the city center and forms a new office location with all the advantages of the districts of Eppendorf, Winterhude and Alsterdorf.
Asset management approach:
The property was acquired in 2018 with a vacancy rate of 30% and the characteristics of a single-tenant property. Thanks to extensive measures and the repositioning of the property under the AREA 5.0 brand, long-term contracts were concluded with the existing tenants. Following full occupancy, the office building was successfully sold to an institutional mutual fund after just 18 months.
AREA 5.0 Entrance area
AREA 5.0 Canteen
AREA 5.0 Lounge
Freenet Campus
AREA 5.0 Underground parking garage
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