Interior of the Krohnstieg Center in Hamburg-Langenhorn

Bergisch Gladbach, January 18, 2022 In its role as a strategic partner for the acquisition and asset management of retail parks, the Hahn Group has accompanied the acquisition of the Krohnstieg Center by a special fund associated with Ampega Investment GmbH. The seller of the property is HBB from Hamburg, which has extensively rebuilt and restructured the property in recent years. The technical due diligence of the buyer was carried out by Drees & Sommer. KUCERA Rechtsanwälte was responsible for the legal advice of the buyer. The seller received legal advice from the ZENK law firm. iMallinvest Europe GmbH acted as transaction advisor to the seller. The transfer of the property took place on December 31.12.2021, XNUMX. It was agreed that the purchase price would not be disclosed.

 

Long-established district center in a fast-growing metropolis

The Krohnstieg Center is located in the Hamburg district of Langenhorn, Krohnstieg 41-43. It has a well-diversified tenant mix on around 17.100 m² of rental space, which includes the retail, service, office, medical practices and catering sectors. The main tenants are an EDEKA supermarket, the sporting goods retailer Decathlon and a Budnikowsky drugstore. The weighted average remaining term of the leases (WAULT) is around 8 years.
The property has around 420 parking spaces and is excellently connected to private and public transport.

 

The property, built in 2004, consists of three parts and was extensively revitalized by HBB from 2019 to 2021: When the lease of the former hypermarket tenant Marktkauf expired, HBB realigned the center. Since then, EDEKA has operated a modern supermarket on a smaller area and Decathlon has been acquired as a new tenant. Other existing tenants have been relocated, areas have been modernized and reorganized. The former moving walkway that connected the ground floor with the first floor has been completely removed. Instead, HBB has created an open and spacious atrium and improved access to the basement.
The renovation work took place during ongoing operations.

 

After the revitalization, the Krohnstieg Center local shopping center presents itself with a new exterior facade and has tenants with strong credit ratings. The broad, future-oriented orientation is based on the structures and requirements of the catchment area. The HBB Centermanagement GmbH & Co. KG will continue to manage the center
and property management for the property.

 

Ampega and Hahn Group build up commercial real estate portfolio

Ampega Investment Management GmbH and the Hahn Group announced a strategic cooperation for the coming years in May 2021. Ampega plans to acquire retail properties as part of this cooperation. With the acquisition of the Krohnstieg Center, the portfolio construction has now begun. The Hahn Group's mandate includes the property search and property inspection as part of the specialist store portfolio construction as well as the development and implementation of asset management strategies to optimize the specialist store property portfolio. Core specialist store centers with full-range food retailers as anchor tenants are being developed nationwide from an individual investment volume of €15 million in sustainable locations.
from 50.000 inhabitants wanted. Construction and purely non-food markets do not fit the profile.

 

The Hahn Group

The Hahn Group has been active as an asset and investment manager since 1982. It specializes in supply-oriented commercial and mixed-use properties. In its corporate history, the Hahn Group has successfully launched over 190 real estate funds. The assets currently under management amount to over 3 billion euros. With its capital management company DeWert Deutsche Wertinvestment GmbH and comprehensive expertise in real estate and asset management, the Hahn Group has a unique selling point in its market segment for private, semi-professional and professional investors. It manages and controls the entire value chain of the real estate properties it manages at over 140 locations.
This is quality work with real estate.

 

About Ampega
The Ampega companies are the asset managers of the Talanx Group. Ampega Asset Management GmbH also manages the real estate asset class at an operational and strategic level for the companies of the Talanx Group and optimizes their value increase. The companies are responsible for and manage the capital and real estate investments amounting to around
€ 173 billion (as of September 30.09.2021, XNUMX). Talanx is one of the largest European insurance groups in terms of premium income.

 

About the HBB

The HBB group of companies, based in Hamburg, has been active in the real estate industry as an investor and project developer for over 50 years. Retail, office, hotel, senior citizen and residential properties have been built nationwide. HBB sees itself as a specialized investor with the aim of creating long-term, successful values. HBB is an owner-managed company and has a well-trained team of over 100 employees. HBB Centermanagement GmbH & Co. KG manages other shopping centers in Dresden, Gummersbach, Hamburg, Hanau, Ingelheim, Langenhagen, Leipzig, Munich, Essen, Weiden and Wittenberg, among others.

 

Press contacts

HAHN-Immobilien-Beteiligungs AG:

Marc Weisener
Buddestrasse 14
51429 Bergisch Gladbach
Telephone: + 49 (2204) 9490-118
Email: mweisener@hahnag.de


Ampega Investment GmbH:

Claus Schumacher
Charles-de-Gaulle-Platz 1
50679 Cologne
Telephone: + 49 (221) 790799-624
Email: Klaus.Schumacher@ampega.com


HBB Hanseatische Betreuungs- und Beteiligungsgesellschaft mbH

Mr. Harald Ortner
Brooktorkai 22
20457 Hamburg
Telephone: +49 (0) 40 600 907-110
Email: ortner@hbb.de

HBB.de

HBB Hanseatische Betreuungs- und Beteiligungsgesellschaft mbH