Real Estate Tycoon Acquires Central Property in Ottensen
In a significant move, a sought-after property at Bahrenfelder Street 177-181 in the vibrant Ottensen district of Hamburg has been acquired by an institutional investor, working in partnership with Quantum Immobilien AG. The new building, completed in 2021, houses 33 apartments and four commercial units on six floors.
The residential units, ranging from one to three rooms with an average size of approximately 62 m², are all occupied. The commercial units are home to popular establishments such as Copenhagen Coffee-Lab, L'antica Pizzeria Da Michele Hamburg, and a Kumpir snack bar. These gastronomic tenants contribute to the diverse and livable nature of Ottensen, a district known for its cafes, restaurants, and bars.
L'antica Pizzeria Da Michele Hamburg, one of the commercial tenants, is renowned for its traditional Neapolitan pizza. Copenhagen Coffee-Lab, another tenant, is a favourite among locals for its quality coffee and cosy atmosphere.
Quantum Immobilien AG, a Hamburg-based company, was involved in the development of the building and offers various investment products for institutional investors through its own capital management company. The company has realised real estate projects with a volume of approximately 6.0 billion euros.
The new building is conveniently located, being just a ten-minute walk from Altona Station. Ottensen, known for its proximity to the city and the Elbe, as well as numerous small shops, restaurants, cafes, and bars, is one of Hamburg's most popular residential and trendy districts.
The acquisition of this property is a strategic move for the institutional investor, securing a property in a sought-after location with a diverse range of commercial tenants and a high demand for residential units. With its central location, vibrant atmosphere, and quality tenants, the new building at Bahrenfelder Street 177-181 is set to be a valuable addition to the Ottensen district.
The institutional investor partnering with Quantum Immobilien AG, known for real estate projects worth approximately 6.0 billion euros, made a strategic investment, acquiring a property in the bustling Ottensen district of Hamburg. Situated at Bahrenfelder Street 177-181, it houses 33 apartments and four commercial units, including popular establishments like L'antica Pizzeria Da Michele Hamburg, Copenhagen Coffee-Lab, and a Kumpir snack bar, all contributing to Ottensen's distinctive, lively character. By securing this property, the investor aims to expand their wealth-management and personal-finance portfolios through investing in real-estate.
