openPR Logo
Press release

HOCHTIEF Projektentwicklung sells Height3 hotel development in Hamburg

06-03-2015 05:30 PM CET | Industry, Real Estate & Construction

Press release from: HOCHTIEF Projektentwicklung GmbH

Hamburg Heights (Height3 in front) with status of plans by May 2015

Hamburg Heights (Height3 in front) with status of plans by May 2015

First new building on former “Spiegel Island” to be an Adina Apartment Hotel—Commerz Real acquires property off plan

HOCHTIEF Projektentwicklung has sold Height3—the future Adina Apartment Hotel at the Hamburg Heights urban quarter—to Commerz Real. HOCHTIEF Projektentwicklung intends to start construction this year once the construction permit has been granted. The building is due to be handed over to its operator in Q3 2017, and will be placed in Commerz Real’s open real estate fund, hausInvest. Commerz Real has invested a total of some EUR 50 million.

Height3 will be built in the Hamburg-Altstadt district and will have a gross floor area of around 11,400 square meters. The lot of almost 2,500 square meters on Willy-Brandt-Strasse is part of the future Hamburg Heights urban quarter. Two listed office high-rises (Height1 and 2)—formerly the headquarters of IBM and DER SPIEGEL news magazine—located between Jungfernstieg and HafenCity are to be modernized, while three new buildings (Height3 to 5) for residential and hotel use will be added. Apart from 202 fully furnished studios and suites, the hotel will be offering a 4-star hotel service and will also feature a spa and restaurant. Hamburg Heights will have an underground garage in which 35 parking spaces will be allocated to the hotel.

HOCHTIEF is one of the most international construction groups worldwide. The company delivers complex infrastructure projects, in some cases on the basis of concession models. The Group operates in the transportation infrastructure, energy infrastructure and social/urban infrastructure segments as well as in the contract mining business. With around 53,000 employees and a sales volume of more than EUR 22 billion in FY 2014, HOCHTIEF is represented in all the world’s major markets. With its subsidiary CIMIC, the Group is market leader in Australia. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006.

HOCHTIEF Projektentwicklung as a subsidiary of the HOCHTIEF Group has been developing, realizing and marketing real estate projects in Germany and abroad since 1991 and is considered Germany's leading inner-city center developer. Its core business comprises office buildings in downtown locations and areas within easy reach of city centers. It also focuses on residential properties, retail properties, hotels, and the development of entire urban quarters. HOCHTIEF Projektentwicklung does not build up any property portfolio of its own but operates as an "interim investor" with the goal of selling the projects to a final investor well-let and as swiftly as possible. With its offices in Germany and Europe, the company makes sure it is close to its clients. Sustainable concepts, prime locations, sophisticated architecture and innovative technology make for value creation and cost reductions.

HOCHTIEF Projektentwicklung GmbH
Gabriele Stegers
Head of Corporate Communications
Alfredstrasse 236
45133 Essen
Tel.: +49 201 824-2282
Fax: +49 201 824-1728

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release HOCHTIEF Projektentwicklung sells Height3 hotel development in Hamburg here

News-ID: 310217 • Views: 3009

More Releases from HOCHTIEF Projektentwicklung GmbH

HOCHTIEF Projektentwicklung sells multi-use Munich facility at Arnulfpark
Munich based WealthCap buys Business Center with mall, event area and Central Bus Station HOCHTIEF Projektentwicklung has sold Munich’s Business Center with Central Bus Station (ZOB) located at Arnulfpark to WealthCap. The selling price is said to range in the mid-two-digit millions. Completed in 2009, the facility has a rentable floor space of about 36,500 square meters, with 98 percent already occupied. The Business Center around the ZOB is used for
HOCHTIEF Projektentwicklung: Construction start for MAXIII office building in Mu …
Legal firm secures entire office and storage space of over 5,500 square meters at Maximiliansplatz 13 HOCHTIEF Projektentwicklung has let the MAXIII office building in the heart of old Munich ahead of construction. The international legal firm of Freshfields Bruckhaus Deringer will use the entire 5,500 square meters of office and storage space. The seven-story building at Maximiliansplatz 13 is due for completion in mid-2015. MAXIII is to be built on a

More Releases for Hamburg

Gebäudereinigung Hamburg - About us
Gebäudereinigung Hamburg – No more dirt! We at Ruiz are your reliable cleaning company and take care of every type of building cleaning. No matter if it’s about office cleaning, maintenance cleaning or glass cleaning – we provide the right personnel, equipment and know-how. We will be happy to make you an appropriate offer. Just give us a call or we send you a non-binding quote online. That’s what we’re offering you: Building
BLOCKCHANCE Conference Hamburg 2018
BLOCKCHANCE Conference, August 24th-25th 2018 in the HafenCity of Hamburg with subtitle, ‘Bitcoin was just the beginning - blockchain is the future of economics’, shows the socio-economic impact of the coming blockchain revolution. Plus free Skycoin Miner Hardware and VEGANcoins giveaway Hamburg, July 4th 2018 - The BLOCKCHANCE Conference Hamburg 2018 ‘The future of economics’ opens its doors for two days at August 24th and 25th. It creates a platform
LEGO Education Innovation Studio opens in Hamburg
Secretary of Education for Hamburg attends the launch of the LEGO® Education Innovation Studio at the Richard-Linde-Weg Academy Students at the Richard-Linde-Weg Academy along with the Secretary of Education for Hamburg Ties Rabe, and LEGO® Education celebrated the opening of their new LEGO Education Innovation Studio last week. The Studio provides an innovative and creative space for the students to study and learn. It incorporates storage, durable, multifunctional furniture and at the
Indo-Hamburg Relations: On A Promising Path?
GIRT Hamburg invites Consul General Subashini to share views on India’s ties with Hamburg, on May 2, 2011 Hamburg (19.04.2011): India’s emergence as an increasingly open and growing economy has led to a more active interaction with Germany. The liberalization of India’s economy and the ensuing growth in the bilateral trade has opened new avenues for cooperation not only in the business sector but also in other social and cultural spheres.
From 2nd – 4th September 2011 the Haus der Photographie, Deichtorhallen Hamburg, Germany celebrates the premiere of the PHOTO+ART BOOK HAMBURG. This new fair focuses on the printed publication as an autonomous form of artistic expression. It accommodates not just a variety of exciting stalls but also offers exhibitions, workshops, lectures and booksignings. The PHOTO+ART BOOK HAMBURG addresses professionals, artists, creative individuals, printers, interested amateurs as well as book and
“Gamecity” Hamburg Appearance at Gamescom 2009
Hanseatic city features seven companies at shared Hamburg stand Hamburg, 11 August 2009: Hamburg’s games companies are back in force this year at Europe’s leading digital gaming industry show. Following the move of the event from Leipzig to the Rhineland, the initiative gamecity:Hamburg will host a joint appearance at gamescom 2009 in Cologne from August 19 to 22. Co-participants at the shared stand are Hamburg-based gamigo AG, FISHLABS Entertainment GmbH, INTENIUM