Thursday, 20 November 2025
HIH Invest Real Estate has purchased an office and administrative building located at Hammer Straße 30–34 in Hamburg’s Wandsbek district. The acquisition was completed on behalf of an institutional investor under an individual mandate.
The property offers approximately 16,000 sqm of rental space, including about 15,170 sqm of offices and 830 sqm of storage, along with 213 underground parking spaces and seven outdoor spaces. It has been fully leased to the City of Hamburg since 2016. Public agencies using the building include the Office for Migration, the Central Immigration Authority, the Central Residents’ Registration Office and the State Police. The current lease runs for 20 years and includes extension options of roughly 10 years.
Built in 2006, the six-storey reinforced concrete building has modern technical systems, flexible floor layouts and DGNB Platinum certification. Standard floors of around 2,450 sqm can be subdivided into up to three units of approximately 660 sqm each.
“Due to its central location, good accessibility and flexible floor plan structure, the property in Hamburg-Wandsbek is ideally suited as a location for public authorities and administration with high footfall,” said Daniel Asmus, Head of Transaction Management Office Germany at HIH Invest.
David Sanders, Head of Fund Management/Multi Manager Business, noted that the acquisition provides long-term income security. “With the acquisition of this office property, we are securing a long-term stable investment for our investor, which generates reliable cash flow thanks to the public tenant,” he said.
Wandsbek, Hamburg’s most populous district, hosts numerous administrative offices and benefits from strong public transport links, including a nearby underground station and several bus routes. Retail and dining options are located in the immediate area.
HIH Invest plans further sustainability measures as part of its manage-to-green approach. “The switch to green electricity has been completed and the retrofitting of a photovoltaic system is being examined,” Asmus added.
Hogan Lovells International LLP handled legal and tax due diligence. Technical and ESG due diligence was performed by Drees & Sommer SE, and BNP Paribas Real Estate acted as broker.
