SEB Asset Management has announced that two large-scale leases have been signed for a total of roughly 4,400 m² of space in the Strassenbahnring 6–18 property in Hamburg Falkenried, the latest in a series of transactions concerning the building.
The new tenants in the “Halle E” building include fitness and training center ELB GYM Hamburg.
SEB Asset Management has signed a long-term lease for approximately 1,370 m² of space with the fitness center operator for the period until March 2027. The lease also includes three five year extension options. ELB GYM will open its fitness center in early 2015. In addition, international fashion company Closed has extended its lease to cover a total of approximately 3,000 m² of office space as from April 2015. The six-year lease includes an extension option for an additional five years. BNP Paribas Real Estate acted as the leasing agents.
These latest leases mean that the prestigious building with total space of around 8,600 m² is now fully let. Other well-known tenants include RTL Nord and specialist kitchen equipment retailer Cucinaria. Cucinaria has extended its lease until June 2020, as reported by SEB Asset Management in August 2014.
The property is a former train shed once belonging to the Hamburger Hochbahn elevated railway, which was converted into a modern six-building complex. Only the listed brick facade was retained during the conversion, which was completed in 2004.
Source: SEB Asset Management