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HOCHTIEF Projektentwicklung Sells 'Height 1' Office High-rise in Hamburg - Subsidiary of Privatbank Berenberg buys former “Spiegel” high-rise with gross floor area of approximately 8,200 square meters - HOCHTIEF.com
HOCHTIEF Projektentwicklung Sells 'Height 1' Office High-rise in Hamburg

 

NewswireToday - /newswire/ - Essen, Germany, 2015/01/05 - Subsidiary of Privatbank Berenberg buys former “Spiegel” high-rise with gross floor area of approximately 8,200 square meters - HOCHTIEF.com.

   
 
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HOCHTIEF Projektentwicklung has sold the "Height 1" office building - the first phase of the "Hamburg Heights" development on the so-called "Spiegel Island" - to a subsidiary of Privatbank Berenberg. The sale was effected during business year 2014. It was agreed that no details of the purchase price would be disclosed. The rental space at Height 1 - a good 7,100 square meters - will be used in full by the legal firm MDS MÖHRLE / HAPP LUTHER. The landmark-listed high-rise, previously used by the "Spiegel" news magazine, will be extensively refurbished by the beginning of 2016.

The Hamburg Heights ensemble is being developed on a 7,700-square-meter lot in the Hamburg-Altstadt district between Jungfernstieg (Inner Alster) and the Überseequartier (HafenCity). In the first step Height 1, which has 13 above-grade floors, is being refurbished and fitted with state-of-the-art engineering. The second phase will involve the revitalization of Height 2, formerly the IBM high-rise and later the "Spiegel" publishing house, which is also landmark-listed. The project further foresees the construction of three new buildings - "Height 3","Height 4" and "Height 5". There are also plans for a below-grade parking garage running beneath the entire lot, to be accessed from the street "Dovenfleet". Height 1 and Height 2 have already received DGNB Silver precertification.

 
 
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Written by / Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Projektentwicklung Sells 'Height 1' Office High-rise in Hamburg

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HOCHTIEF AG | Height 1
Publisher Contact: Gabriele Stegers - HOCHTIEF.de 
+49 201 824-2282 gabriele.stegers@hochtief.de
 
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