Leading Cities Invest has bought a 16,000m² office building on Hammer Strasse, which is leased to the Hanseatic City of Hamburg. The scheme benefits from an open, very functional layout, the high flexibility of space as well as a prime location. The already moderate tenant default risk will be further reduced with the city of Hamburg as a long-term tenant. After the addition of the Hammer Strasse property, the Leading Cities Invest property portfolio comprises 34 properties across 24 locations in nine countries. The purchase price was not disclosed.
The Hammerstrasse property is located in the eastern Hamburg district of Wandsbek. With a direct connection to the two S / U-Bahn stations Wandsbeker Chaussee and Hasselbrook, the connection to local public transport is first class. Hamburg Central Station can be reached in just nine minutes and the Jungfernsteg in just 13 minutes.
The scheme enjoys close proximity to the district office of Hamburg Wandsbek, centre for economic development, district court Hamburg-Wandsbek, state archive, social welfare office Hamburg Wandsbek. The cluster formed from authorities and state institutions makes the location attractive for a large number of official institutions.
