REInvest Asset Management S.A. has made a strong and confident move. By acquiring the iconic “Lombardhaus” in Hamburg’s prestigious “Rathausquartier” at the close of 2024, the company has secured a property at one of Germany’s most sought-after addresses. This acquisition was made on behalf of a major German insurance company.
"In a market environment defined by uncertainty, this acquisition highlights our ability to identify and successfully execute exceptional investment opportunities for our investors, even under difficult conditions," said Hans Stuckart, Managing Director, REInvest Asset Management S.A.
The “Rathausquartier” in Hamburg’s historic city center is one of Europe’s premier urban locations. Situated between the historic Rathaus, the UNESCO World Heritage-listed Speicherstadt, and Monckebergstrasse, the “Lombardhaus” offers a unique blend of prestige, history, and modern functionality.
As a dynamic economic hub with Germany’s largest port, a highly skilled workforce, and world-class research institutions, Hamburg remains one of Europe’s most stable and competitive metropolitan regions.
Built on a 1,200m2 plot, the “Lombardhaus” stands out not only for its prime location but also for its architectural significance. The property offers approximately 6,760m2 of total rental space, with approximately 90% allocated to office use, 6% to retail, and 4% to storage. The building, which is almost fully leased, is anchored by its main tenant, the online retailer "About You."
With a high degree of flexibility, the property is ideally positioned for long-term value creation, providing stability and growth prospects for investors—even during turbulent times.
The successful completion of this strategic transaction underscores the expertise of REInvest Asset Management in securing high-quality real estate assets in growth-oriented European metropolitan areas, even in volatile market conditions. It also reflects the company’s commitment to sustainable and future-proof investments.
"This acquisition demonstrates that prime real estate in top-tier locations remains one of the most reliable asset classes, especially during challenging market phases," added Stephan Bottger, Executive Director and Fund Manager at REInvest Asset Management S.A.
Image source - REInvest.
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