With the full leasing of the multi-tenant building “Unser Viertel” at Eulenkrugstraße 55–57 in Hamburg-Volksdorf, KanAm Grund Group is sending out a strong signal regarding the attractiveness of the location. Through targeted asset management measures and a demand-driven reallocation of space, a total of nearly 1,300 square meters has been leased to multiple creditworthy tenants. This success marks an important milestone for the sustainable development of the property.
Built in 2004 and comprehensively revitalized in 2016/17, the building offers an attractive combination of retail, office, medical practice, and storage spaces that can be flexibly adapted to a variety of requirements and needs. Anchor tenants such as the full-service grocer Edeka and the Hamburg city library branch ensure high foot traffic and stable rental income. The property is part of a specialized real estate fund from the KanAm Grund Group, which is aimed at institutional investors from the banking and savings bank sector with a regional focus on Northern Germany.
Demand-Driven Space Allocation as a Success Factor
The recent letting successes are attributable to the market availability of a larger space that was originally used by the consulting firm GFA Consulting Group GmbH (GFA). Since demand for such large units is currently limited in this submarket, the asset management team at KanAm Grund Group decided to divide the area into three marketable units. After successfully submitting the building application and obtaining the necessary permits, the division was completed within a short timeframe.
Among the new tenants is Zeta Display Germany GmbH, a leading provider of digital signage solutions. In addition, space that became available through internal relocations was leased to Padelon Rahlstedt GmbH, an operator of padel tennis facilities and recreational sports activities. Furthermore, the existing tenant ARENIT Industrie SE has significantly expanded its leased space within the property.
Prime Location Quality in the Heart of Hamburg-Volksdorf
The "Unser Viertel" property is situated in the well-established center of Hamburg-Volksdorf. Excellent connectivity, thanks to the nearby U1 subway line within walking distance, as well as numerous dining and retail options, contribute to the area's strong appeal – for both users and investors. Flexible floor plan solutions and a sustainable, modern infrastructure make the office and medical practice spaces especially adaptable for a variety of uses. An integrated underground garage with 167 parking spaces further enhances the site's long-term quality. With a total leasable area of nearly 5,300 square meters across four above-ground and two basement floors, and a tenant mix of retail, services, and medical practices, "Unser Viertel" stands out as a stable and high-quality location in northern Hamburg for the long term.
Natalie Bialas, Director, Head of Investment and Asset Management Germany, says: "The tailored reconfiguration and re-letting of the available spaces is an excellent example of successful, forward-looking asset management. Despite challenging market conditions, we were able to position these spaces optimally on the market and achieve full occupancy in a short period of time."