The real estate location Hamburg is increasingly in the focus of international investors. While foreign investors only accounted for 28 per cent of transactions in 2013, their participation shot up to 44 per cent in 2014, states the real estate agency Grossmann & Berger in its market report. ”In the largest twelve transactions of last year, international investors were over-represented”, says Axel Steinbrinker, managing director, Grossmann & Berger.
HafenCity Particularly High In Demand
Last year’s largest transactions took place at HafenCity, with five properties sold in the north of Überseequartier and, as the largest project in regard to volumes, the development of the south of Überseequartier by the French commercial property company Unibail-Rodamco. In order to stabilise the interest of interest investors in Hamburg at high level, Hamburg will participate at this year’s international commercial property fair MIPIM in Cannes on the French Riviera with 21 partners. Dr. Rolf Strittmatter, CEO HWF Hamburg Business Development Corporation: ”The MIPIM is the main forum in the international competition for real estate investments. The high share of international investments in Hamburg shows that our commitment pays off.“ In 2014, international buyers and sellers mainly came from France, the United Kingdom, Canada, Austria, Sweden, Switzerland, Spain, and, the United States of America. Traditional highlight of Hamburg’s trade fair participation is the Hamburg/HafenCity reception with EU Commissioner Günther Oettinger invited as special guest.
Greater German Commitment
Two weeks before the official opening of MIPIM, it has become clear that countries such as Germany, Great Britain, Belgium, Netherlands, and France will increase their participation at the world’s leading commercial property fair by presenting more regions, more cities, and more public and private partners. .
The German delegation, traditionally one of MIPIM’s largest, also recorded an increase of public and private investors in 2014. Last year, the German cities of Berlin, Düsseldorf, Frankfurt, Hamburg, Nuremberg, Munich, and und Stuttgart showcased plots and properties at MIPIM. The federal state of North Rhine-Westphalia participated with a booth of the cities of Aachen, Bochum, Bonn, Dortmund, Duisburg, Essen, Cologne, Monchengladbach, and Ruhr metropolis as well as private and institutional partners. This year, the German commitment will even be stronger, with the Lake Constance region and the EUR district Saar-Mosel participating for the very first time.
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