Strandkai, Hamburg

Strandkai, Hamburg

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

Real Estate German case study DC SKAI
Real Estate German case study DC SKAI
Real Estate German case study DC SKAI

Insights

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17 July 2024

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

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

James Coke

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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

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

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25 April 2024

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

UK Real Estate: Talking Points April 2024

Our quarterly snapshot of current real estate market trends.
Read time - 2 min
15 February 2024

Hans Nordby

Head of Research & Analytics, Real Estate (US), Lionstone Investments

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

2024 Global Real Estate Outlook

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20 December 2023

Marcus Phayre-Mudge

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George Gay

Portfolio Manager

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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

Assia Amore

European Fund Manager, Real Estate

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

The resurgence of Europe’s luxury high streets is gathering momentum

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