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HOCHTIEF Projektentwicklung Sells 'Height 1' Office High-rise in Hamburg - Subsidiary of Privatbank Berenberg buys former “Spiegel” high-rise with gross floor area of approximately 8,200 square meters - HOCHTIEF.com
HOCHTIEF Projektentwicklung Sells 'Height 1' Office High-rise in Hamburg

 

PRZOOM - /newswire/ - Essen, Germany, 2015/01/05 - Subsidiary of Privatbank Berenberg buys former “Spiegel” high-rise with gross floor area of approximately 8,200 square meters - HOCHTIEF.com.

   
 
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HOCHTIEF Projektentwicklung has sold the "Height 1" office building - the first phase of the "Hamburg Heights" development on the so-called "Spiegel Island" - to a subsidiary of Privatbank Berenberg. The sale was effected during business year 2014. It was agreed that no details of the purchase price would be disclosed. The rental space at Height 1 - a good 7,100 square meters - will be used in full by the legal firm MDS MÖHRLE / HAPP LUTHER. The landmark-listed high-rise, previously used by the "Spiegel" news magazine, will be extensively refurbished by the beginning of 2016.

The Hamburg Heights ensemble is being developed on a 7,700-square-meter lot in the Hamburg-Altstadt district between Jungfernstieg (Inner Alster) and the Überseequartier (HafenCity). In the first step Height 1, which has 13 above-grade floors, is being refurbished and fitted with state-of-the-art engineering. The second phase will involve the revitalization of Height 2, formerly the IBM high-rise and later the "Spiegel" publishing house, which is also landmark-listed. The project further foresees the construction of three new buildings - "Height 3","Height 4" and "Height 5". There are also plans for a below-grade parking garage running beneath the entire lot, to be accessed from the street "Dovenfleet". Height 1 and Height 2 have already received DGNB Silver precertification.

 
 
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Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Projektentwicklung Sells 'Height 1' Office High-rise in Hamburg

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HOCHTIEF AG | Height 1
Contact: Gabriele Stegers - HOCHTIEF.de 
+49 201 824-2282 gabriele.stegers@hochtief.de
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

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