The KanAm Grund Group has announced the full letting of the multi-tenant building "Unser Viertel" in Hamburg-Volksdorf. The property at Eulenkrugstraße 55–57, which is part of the open-ended real estate fund KanAm Grund Europa, thus achieves an occupancy rate of 100 per cent. This development underscores the attractiveness of the location as well as the quality of the KanAm Grund Group's real estate commitment.
The last larger vacant space of approximately 280 square metres has been let to a local provider of physiotherapy and physical therapy services. This lease agreement contributes significantly to the now complete occupancy of the property and complements the existing tenant structure with a health-related service offering. The lease term for this space is ten years.
Property Characteristics and Strategic Importance
Completed in 2020, the neighbourhood centre "Unser Viertel" is characterised by its mixed use. In addition to retail spaces, it also houses a medical centre and a pharmacy. This combination of local supply, medical services and other providers creates a central hub for the residents of the Hamburg-Volksdorf district. Its strategic positioning as a multi-tenant property with a diversified tenant base minimises vacancy risks and increases the stability of the real estate investment.
Other tenants include a large full-range supermarket, a drugstore and two catering establishments. This wide range of uses contributes to the vibrancy of the location and ensures comprehensive provision for the surrounding residential area. The careful selection of tenants and the concept of the property as an urban centre for daily needs are essential factors for the success of the full letting.
Background of the KanAm Grund Europa Fund
The KanAm Grund Europa is an open-ended real estate fund aimed at private and institutional investors. It invests in office, retail and logistics properties in core European markets. The acquisition of the "Unser Viertel" property took place in 2020 and was integrated into the strategic orientation of the fund, which aims for diversification across various asset classes and regions. The now achieved full occupancy of the Hamburg property confirms the value of the acquisition and the effectiveness of the asset management.
This development underscores the KanAm Grund Group's ability to ensure sustainable property management even in challenging market phases, thereby creating value for investors. The property in Hamburg-Volksdorf represents a successful example of the creation of an integral neighbourhood centre that fulfils both economic and social functions.
