HSH Nordbank AG has underwritten financing in a total volume of €83.5 million toward the purchase and development of a plot located at Ericusspitze in Hamburg's new waterfront district, HafenCity. The development involves the construction of an office building with a floor space of about 30,000 m² in one part of this area of about 6,400 m², located south of Dalmannkai. The building's completion is scheduled for 2010.
The project, having a total volume of €105 million, is being realised by Robert Vogel GmbH & Co. KG, the company that will add the building long-term to its own portfolio. The building is already let to the well reputated Spiegel Verlag publishing house, and the future tenant was integrated in the planning process form the very start. The lease over a 15-year term was signed as early as summer of 2007.
The new construction for Spiegel Verlag will be the first and only building of this size category that meets the Gold rating awarded by the Gesellschaft f