Holsten area in Altona: Saga and Quantum fight for purchase right!

Holsten area in Altona: Saga and Quantum fight for purchase right!

breathe in Hamburg-Altona: The Saga Group and Quantum Immobilien AG have received the exclusive right to acquire the Holsten area that has been falling for years. This message came from Adler Group on Tuesday evening, the current owner of the site. There has been little progress in development in the past five years, so that the area urgently needs a new perspective. The two companies are not unknowns in the Hamburg real estate market and have already successfully implemented projects such as the city park quarters and the Paloma district. ndr reports that the area includes an area of eight hectares and planning for 1,360 apartments.

The Adler Group plans to actually sell the Holsten area, which is perceived as a positive signal by Carla Pein, the senator for urban development and living. Previous plans that were sold by the Carlsberg brewery to the Gerchgroup in 2016 also provided for daycare, shops and offices in addition to apartments. So far, however, these ideas have not been made. Rumors about a takeover became sound after Saga and Quantum expressed their interest in the location in June 2022. Welt emphasizes that Hamburg's first mayor Peter Tschenscher wishes that the area will come into serious hands by which to advance the necessary development.

a step into the future

The planning provides for a mix of funded and freely financed apartments. `Saga`, known for the construction of social housing, and` quantum`, which focuses on rental and condominiums, could prove a good hand together. Despite the exclusive purchase law, the conclusion of the contract is not yet dry. Negotiations on the details are underway, which means that everyone involved continues to look forward to the result. Altona's district manager already showed that the Adler Group could continue to be considered as a client, which the uncertainty about the area does not completely clear up.

A look at the real estate market overall shows that Hamburg is a dynamic environment for investments. According to the current Real estate market report remains the purchase of single-family houses and new apartments High in the course-a development that underlines the potential of the Holsten area.