HT Group, a Hamburg-based investment, asset, and fund manager, has realised a long-term lease extension with Dussmann. The agreement pertains to a canteen area of approximately 1,807 square metres within a property on Gradestraße in Hannover. The contract has been extended by a further ten years, which represents a significant strengthening of the property's earnings basis.
The canteen, operated by Dussmann, is a central component of the property's existing utilisation concept. It not only serves to supply the resident tenants but also produces meals for external customers such as nurseries, schools, and other facilities in the surrounding area. This versatile use underscores the functional importance of the space within the asset.
Strategic Relevance of the Extension
The ten-year agreement provides Dussmann with the necessary planning security to permanently use the Gradestraße location as a production facility. For HT Group, the long-term commitment confirms the sustainable quality of the location and the attractiveness of the property. The lease agreement also reflects the successful collaboration between HT Group and its long-standing tenant.
- —Ten-year extension secures long-term earnings basis.
- —Dussmann uses the space as a central production facility for internal and external customers.
- —The entire office building on Gradestraße comprises approximately 26,600 m² of rental space.
Andreas Stegmann, Chairman of the Management Board of HT Group, commented on the contract extension. He emphasised that Dussmann's decision to renew the contract once again confirms the quality of the property, the attractiveness of the location, and HT Group's partnership-oriented asset management. The long-term lease extension thus creates planning security for all involved parties and highlights the object's stability in value.
