Trei Real Estate Secures Plot in Hamburg-Bergedorf
Trei Real Estate GmbH (“Trei”), a developer and property asset holder for residential and retail real estate, just acquired a plot of land covering nearly 2,700 square metres at Bergedorfer Schlossstrasse 10 in the district of Bergedorf in Hamburg. The plot is currently still occupied by a hotel and a multi-storey car park. Trei is planning to build a mixed-use property, mostly intended for residential use, at the site in close consultation with the municipal authorities. The company plans to keep the property in its own portfolio and to rent out the apartments.
Hotel Sachsentor and the multi-storey car park on Bergedorfer Schlossstrasse will continue to operate as before until early 2024. Trei will use the time until the leasehold agreement expires to finalise its planning effort, to apply for the planning permissions and to select building contractors. Demolition work will start after the expiration of the leasehold agreement in early 2024.
Pepijn Morshuis, CEO of Trei Real Estate, commented: “The acquisition in Hamburg is of strategic importance to us. Having previously acquired plots of land in Berlin, Cologne, Munich, Mainz and Düsseldorf, we are now—through this acquisition in Hamburg—adding an important agglomeration to our portfolio that did not use to be included.
The district of Bergedorf in south-east Hamburg is less than 20 kilometres from the town centre of the Hanseatic city, and counts among its most popular residential areas. The plot of land lies between the pedestrian precinct and the mansion district, while also being within walking distance of the “Bergedorf” regional railway station. “Future residents will have a direct view of the manor, Bergedorfer Schloss, and of the castle grounds. We want to do the location justice by developing an exciting residential property that smoothly blends into its surroundings,” Morshuis added.
During the transaction, Trei was advised by PIPPING Immobilien. In addition to the project in Hamburg, the developer is currently completing another nine residential construction projects in Germany. They add up to a total investment volume of 780 million euros.