ProjectsNeues Korallusviertel

Neues Korallusviertel
Hamburg

With the successful acquisition of the Korallusviertel in the municipal area of Hamburg, GERCHGROUP has been able to expand its portfolio with another auspicious project. The project is located in the up-and-coming district of Wilhelmsburg, which features a mixed social milieu. The focus of the development centers on urgently needed residential construction in the Hanseatic City of Hamburg, both privately and publicly funded. Complementary commercial usages, such as a day-care center, can be integrated into the project.

The project was incorporated into a joint venture with SSN Group AG, Zug, in April 2017. This joint venture was dissolved in June 2018. Since then the project has been implemented by SSN Group AG. The project details refer to June 2018.

 

Utilisation
Residential

Space
Gross floor area: approx. 43,000 m2

Acquisition
Q II 2016

Start of construction
2018

Completion
2020

Total investment
Approx. €135 million

Location

News

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