Hamburg presents itself as a liveable waterfront metropolis

Large showcase of the real industry at MIPIM 2013

Hamburg presents itself as a liveable waterfront metropolis

The Hamburg Metropolitan Region presents itself at MIPIM, the world’s biggest property show at Cannes in southern France, as a liveable waterfront metropolis and solid market for investments of the national and international real estate industry. From 12-14 March 2013, 21 partners (2012: 16) will display current projects and innovative services at the joint Hamburg booth. The fair participation will also be used to acquaint industry visitors with two large events taking place in Hamburg this year: the International Building Exhibition IBA Hamburg and the international garden show igs 2013.The booth is organised by HWF Hamburg Business Development Corporation.

"Hamburg’s companies head to Cannes with tailwind from the real estate market", says HWF’s managing director Uwe Jens Neumann. "With the global economic growth slowing down and the economies around the Mediterranean in crisis, the real estate industry increasingly focuses on markets that are not overheated by speculation and still generate solid returns. Hamburg is such as market."

Even though office take-ups of a total 430,000 square metres in 2012 did not meet the very good result of the previous year, the vacancy rate fell once again by 0.6 points to 7.4 per cent. Particularly high in demand were office spaces well linked to Hamburg’s public transport network. City-Süd, Barmbek and last, not least, HafenCity highly benefited from this trend. Since the inauguration of the new underground line to HafenCity, demand for office space significantly increased. The decision just taken by the Hamburg Senate to extend the metro line further east to the Elbe bridges until 2018 opens up further great perspectives for the real estate industry.

The economic framework in Hamburg is perfect for the property industry. "Conditions for the future are excellent in Hamburg, and better than in any other German state. Due to our geography and the port, we are not fixed on Europe. The city will thus benefit from the upswing in Asia and America," said Thomas Straubhaar, director of the Hamburg Institute of International Economics. Uwe Jens Neumann, managing director at HWF, adds: "Hamburg’s economy is diversified and thus less volatile. In addition, the city is a magnet, attracting well-educated professionals and companies with a high quality of life. These facts provide best conditions for commercial and residential real estate."

At MIPIM, Hamburg will set up its joint booth at a new location in Lerins Hall in proximity to the stands of attractive competitors such as North Rhine-Westphalia, Luxembourg, Gdansk and Warsaw as well as the brokers of Jones Lang LaSalle. Many of the partners at the Hamburg booth are first-time exhibitors at MIPIM. These include Deutsche Immobilien AG, Dr. Helmut Greve Bau- und Boden AG, Grossmann & Berger GmbH, Hamburger Sparkasse AG, Procom Invest GmbH & Co. KG, Quantum Immobilien AG and Wölbern Invest KG.