Hamburg, September 12, 2019. HanseMerkur Grundvermögen AG has acquired a project development of around 11,200 square meters with 120 residential units and 100 underground parking spaces for its open-ended real estate special fund HMG Grundwerte Wohnen PLUS II, which is located within the neighborhood development “Jenfelder Au”.
On the approximately 35-hectare site of the former Lettow-Vorbeck barracks, several building projects will be constructed in multi-storey buildings by 2023, as well as terraced and semi-detached houses with living space for more than 2,000 people.
The rental apartments acquired by HanseMerkur Grundvermögen AG are being built both in classic multi-storey apartment buildings and as duplex apartments and townhouses. Completion is planned for the second quarter of 2020.
Katrin Ewald, Deputy Head of Investment at HanseMerkur Grundvermögen AG: “We are very pleased that we were able to invest again in Hamburg. The area is only about twelve kilometers from the city of Hamburg and is characterized by a good public transport and MIV connection. Due to the heterogeneous apartment type and size mix, we can respond to the widest possible range of rental requirements. ”
Matthias Herter, CEO of the meravis real estate group: “We are more than happy and happy about the very good cooperation with all involved in this extraordinary construction project. With JENYARD, we are creating high-quality and affordable living space with forward-looking sustainability aspects, such as the new wastewater system from Hamburg Water Cycle. With HanseMerkur Grundvermögen AG, we have found a Hamburg-based, highly reliable and professional partner. ”
About HanseMerkur Grundvermögen AG
HanseMerkur Grundvermögen AG bundles all real estate activities of the HanseMerkur insurance group under one roof. It is responsible for the management of a significant, steadily growing real estate asset and is establishing special real estate funds and other investment vehicles in which other institutional investors can participate in addition to the insurance companies of HanseMerkur. Further information at www.hmg.ag.
About the meravis real estate group
The meravis real estate group is a nationwide real estate service provider in the fields of rental, administration, new construction and sales. She has been at home in the real estate industry for 70 years. The head office is in Hannover, the second office in Hamburg. The meravis real estate group currently manages around 12,000 own and 1,000 foreign residential and commercial units. As a project developer, she has already realized more than 23,000 residential units. The meravis team consists of around 200 employees. The company is managed by managing directors Matthias Herter (Chairman) and Ralf Traupe. Further information at www.meravis.de.
Here are two visualizations of the neighborhood development YENYARDs available for download:
- Courtyard view from the balcony
- Courtyard evening
For further information please contact:
Head of Corporate Communications
HanseMerkur insurance group
Tel .: + 49-40-4119 1691