Thursday, 26 March 2026
Union Investment has secured two office lease agreements totalling 4,855 sqm at Hamburg’s EMPORIO Tower, reinforcing occupancy at one of the city’s landmark office assets within its UniImmo: Deutschland portfolio.
The transactions include an early lease extension by Nord Event GmbH for 3,233 sqm, alongside a new agreement with CBRE for 1,622 sqm. CBRE will relocate within the building from the 16th to the 20th floor by the end of the year, maintaining its current footprint.
According to Union Investment, demand continues to favour centrally located office buildings that offer modern and adaptable workspace. The company noted that leasing performance at EMPORIO Tower remains strong, with rental levels consistently achieved at the upper end of the Hamburg market as demand outpaces available supply.
Nord Event highlighted that the ten-year lease extension reflects both the attractiveness of the location and the long-standing partnership with the landlord. The building’s offering is supported by additional amenities, including event spaces with panoramic views, a cooking lounge and conference facilities, which contribute to tenant appeal.
Located at Valentinskamp 70, the EMPORIO Tower comprises 23 floors and was originally completed in 1963. It underwent a major refurbishment between 2009 and 2011, including the addition of two floors, and has held listed building status since 2001. The property has also achieved LEED Platinum certification and is currently fully occupied.
Union Investment manages approximately 219,000 sqm of office space across Hamburg, with EMPORIO representing the largest asset in its local portfolio. The building has been held within the UniImmo: Deutschland open-ended real estate fund since 1989.
