Hamburg, October 7, 2019. HanseMerkur Grundvermögen AG has acquired the recently completed construction of the German headquarters of Quantum’s credit insurer Euler Hermes for one of its investment vehicles.
The new building with a total area of around 26,000 m² is being built in Hamburg-Bahrenfeld. The location has developed into a demanded office and residential location for years and is characterized by the best public transport and MIV connections. The building is intended for a DGNB Gold certification due to its high quality equipment; Completion is scheduled for the end of this year.
By concluding a long-term lease, Euler Hermes has continued to make a clear commitment to this district.
Lutz Wiemer, Deputy Chairman of the Executive Board of HanseMerkur Grundvermögen AG: “In the past five years, we have acquired real estate for more than € 2 billion for the HanseMerkur Versicherungsgruppe and its co-investors and contributed them to the open real estate special funds we have initiated. From our point of view, the current investment is predestined for a club deal with two or three investors in addition to the HanseMerkur. ”
Philipp Schmitz-Morkramer, CEO of Quantum Immobilien AG: “We are glad that we were able to sell our development to a long-term investment vehicle of HanseMerkur Grundvermögen. The investment will help generate long-term stable returns for investors. ”
CBRE GmbH acted as intermediary for Quantum.
Here is a visualization of the object by the VERO Visuals / agn leusmann GmbH for download:
Euler Hermes Campus
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.
The independent real estate group, founded in 1999, combines extensive expertise in project development, institutional investment products and real estate investment management. The metropolitan regions in Germany are the focus of activities. In the fund business, Quantum Immobilien AG offers institutional investors real estate special funds and alternative investment products through its own capital management company. The assets under management amount to approx. EUR 6.8 billion. The project development business segment comprises the realization of own real estate projects as well as joint ventures within the scope of corporate investments. To date, 56 development projects covering more than 1,200,000 m² have been realized. Further projects with more than 350,000 m² of space are currently under construction or in the planning phase. The transaction volume amounts to approximately EUR 4.5 billion.
Head of Corporate Communications
HanseMerkur insurance group
Tel .: + 49-40-4119 1691