Hansainvest Real Assets increases project development volume to €300m

Hansainvest Real Assets GmbH is continuing to expand its project development business.

It currently has a project development volume of approximately  €300 million ($370 million) encompassing developments in the major cities of Hamburg, Düsseldorf, Berlin and Munich.

These projects include Ballindamm 27, a listed office building in Hamburg city center. Furthermore, a hotel property is being constructed on “Am Wehrhahn” street in central Düsseldorf under the management of Hansainvest Real Assets. A lease for the building has already been concluded with the operator Henri Hotel.

Hansainvest Real Assets is also enhancing its project development strategy in 2018.

“In future, we will develop projects not only by ourselves, but also as joint ventures with other established project developers,” said Nicholas Brinckmann, chairman of the management. “This will allow us to realise more and bigger projects.”

Development activity is focused in particular on office and residential properties in top cities.

“Significantly reduced vacancy rates and a high level of demand have helped to make office property developments attractive again,” Brinckmann added.