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Alte Post

Poststrasse 11 in Hamburg

Real Estate Operations work: Development

Partner:

  • Quantum Immobilien AG (Hamburg),
  • Stenham Property Ltd. (London)


Acquisition data

Current data

Date

2006

2012 - sold

Value

EUR 35 m

> EUR 110 m

In place rent

EUR 1.2 m

EUR 5.1 m

Average lease length

10 years

10 years

 

The Alte Post building is among the best known and best located asset in the city of Hamburg. The asset was totally re-developed during the ownership of alstria into a modern office and retail building, while preserving its historical touch. The re-letting of the asset included leases to Abercrombie & Fitch, Tommy Hilfiger and the law firm Graf von Westphalen.

 

Timeline:

  • 2006: Acquisition
  • 2006-2009: Termination of all exisiting leases
  • 2009-2012: Start of JV-partnership, re-development and re-letting (total refurbishment costs: EUR 35 m)
  • 2012: Disposal

Take a look on the reconstruction of the Alte Post building in stopmotion 

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Street view
Roof top perspective
Side way perspective
Inside shop perspective