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.
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Esplanade 41
20354 Hamburg
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F: +49 40 237 840 9999
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