Allianz Real Estate has celebrated the topping-out ceremony for its new office building "An der Alster 42" in Hamburg's St. Georg district. The office building will be completed and ready for occupancy by the beginning of 2019. The investment volume is around €20m.
The property will total 6,000 m² spread over 6 floors. It will feature high-quality furnishings, a green inner courtyard and terraces with wide views over the Outer Alster and St. Georg. In addition to a bicycle cellar and shower room for fitness-oriented tenants, the building has 20 outdoor and 51 underground parking spaces. The lease negotiations are already underway.
"Allianz has long owned the property previously located on the site. The new asset will create a long-term investment for Allianz policyholders," said Annette Kröger, CEO of Allianz Real Estate North & Central Europe, during the celebration. "The new building does credit to Hamburg and the special location."