Grossmann & Berger, a company of German Property Partners (GPP), has successfully facilitated the sale of a residential complex in Reinbek. The property was transferred from a professional pension scheme to a private investor. This transaction occurred in parallel with another sale, where Grossmann & Berger also supported the pension scheme in selling an office and commercial building at Großer Burstah 53 in Hamburg city centre. The two transactions involve different asset classes.
The residential complex in Reinbek comprises three multi-family houses with a total of 34 residential units. The property is complemented by an underground car park offering 34 parking spaces. The buildings were constructed in 1992. The total rental area of the complex amounts to approximately 2,560 square metres. The location in Reinbek is described as attractive, in close proximity to Reinbek Castle and the Mühlenteich pond.
Attractive investment in the Hamburg metropolitan region
The property is fully let, a condition that reflects the stable demand for housing in the Hamburg metropolitan region. The region's infrastructure contributes to the attractiveness of the location. A S-Bahn station in Reinbek, reachable on foot, provides a direct connection to Hamburg city centre, which can be reached in under 30 minutes. This ensures good accessibility for residents of the complex.
The parallel execution of the two transactions – the residential complex in Reinbek and the office and commercial building in Hamburg city centre – underscores Grossmann & Berger's market position. This highlights the company's network with private investors and Hamburg's Mittelstand, as well as its ability to implement sales strategies across diverse property segments.
The brokering of the residential complex in Reinbek reflects the sustained interest in stable residential investments in the Hamburg catchment area. The full occupancy and the sought-after location underscore the value retention of the complex for the acquiring private investor. The transaction is in line with current market trends that register continued demand for housing in suburban locations.
