Past performance is not a guide to future returns. An illustrative example. The presented asset is closed to new investors.
Overview
The last prime site in HafenCity will be home to approx. 500 flats in total.
Within this area, Columbia Threadneedle Real Estate acquired what is certainly the most exclusive property on site with an unobstructed view of the famous concert hall Elbphilharmonie.
The property was acquired as a built-to-rent property for a segregate mandate.
A total of approx. 15,900 m² of rentable space 147 high-quality flats and commercial space are being built. The building, planned to meet the HafenCity Gold standard will be completed by the end of 2024.
Background
HafenCity in Hamburg is probably the most attractive and modern urban development project in Europe. Now the most exclusive site, the Strandkai, is being built on. The location cannot be topped: water, harbour, concert hall (Elbphilharmonie).
- The investment offers capital preservation with a core risk profile. However given the great opportunity for value creation, the rental commitment can be cancelled after 15 years and a conversion into condominiums is possible.
- All flats feature a balcony with exceptional views of the waterfront.
- The property complies with the latest energy regulations.
Key metrics
Location
Strandkai 55 20457 Hamburg
Investment strategy
Mixed-use Trophy Asset / Core Investment
Sector
Mixed-use (residential & retail)
Gross leasable area
15,920 sqm
Acquisition date
March 2017
Holding period
indefinite
Tenants: Residential I Retail
147 / 10
Insights
23 October 2024
Alternatives
Real Estate
Head of Research, Europe, Real Estate (EMEA)
UK Real Estate: Talking Points October 2024
UK Real Estate: Talking Points October 2024
Welcome to our quarterly snapshot of current real estate market trends.
18 September 2024
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Real Estate
Head of Research, Europe, Real Estate (EMEA)
UK Real Estate – Overview Q2 2024
UK Real Estate – Overview Q2 2024
The UK economy recorded strong growth in the second quarter, with GDP growing by 0.6% in the 3 months to June, primarily led by growth in the services sector.
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17 July 2024
Alternatives
Real Estate
Head of Research, Europe, Real Estate (EMEA)
UK Real Estate: Talking points July 2024
UK Real Estate: Talking points July 2024
Political stability, rebased pricing, falling inflation and the expectation of rate cutting are collectively expected to provide a more supportive environment for UK real estate.
Read time 2 min
21 June 2024
Alternatives
Real Estate
Fund Manager & Co-head of Institutional UK Real Estate
Assistant Fund Manager
Green to gold: realising opportunities from the carbon transition
Green to gold: realising opportunities from the carbon transition
We explore the interventions required to monetise green energy, and how investors might benefit from the carbon transition.
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22 May 2024
Real Estate
Real Estate
Head of Research, Europe, Real Estate (EMEA)
UK Real estate – Overview Q1 2024
UK Real estate – Overview Q1 2024
Total returns for the UK commercial property market turned positive in Q1 2024.
Read time - 3 min
25 April 2024
Alternatives
Outlook
Head of Research, Europe, Real Estate (EMEA)
UK Real Estate: Talking Points April 2024
UK Real Estate: Talking Points April 2024
Our quarterly snapshot of current real estate market trends.
Read time - 2 min
15 February 2024
Alternatives
Real Estate
Head of Research & Analytics, Real Estate (US), Lionstone Investments
Head of Research, Europe, Real Estate (EMEA)
2024 Global Real Estate Outlook
2024 Global Real Estate Outlook
What's in store for real estate in 2024? Global megatrends and financial conditions will impact returns and sector allocation.
Read time - 4 min
20 December 2023
Alternatives - Real Estate Securities
Alternatives, Real Estate
Head of Property Investment, Thames River Capital
Portfolio Manager
Targeting relative value in listed real estate
Targeting relative value in listed real estate
With inflation data suggesting we are at or near the peak in interest rates and investors assessing scope for cuts in 2024, real estate equities have risen sharply from their lows.
Read time - 4 min
12 December 2023
Alternatives
Real Estate
European Fund Manager, Real Estate
Head of Research, Europe, Real Estate (EMEA)
The resurgence of Europe’s luxury high streets is gathering momentum
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High street retail markets across Europe are benefitting from the solid recovery of tourism, both international and domestic.
Read time - 3 min
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