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HafenCity Hamburg at the MIPIM 2014

HafenCity Hamburg will be exhibiting again this year at MIPIM in Cannes, one of the world’s most important commercial and residential real estate fairs. From 11 to 14 March 2014 HafenCity Hamburg GmbH will be the main representative of the Free and Hanseatic City of Hamburg on the joint stand for the whole of the Hamburg Metropolitan Region. Its presentation will include sustainable growth, with nine projects getting under way in 2014 alone on some 180,000 sqm gross floor area (GFA), accounting for an investment volume of around EUR 650 million. At the same time HafenCity’s development trends are becoming clearer and clearer – it is growing more diverse, younger and more creative.

Jürgen Bruns-Berentelg, Chief Executive Officer of the HafenCity Hamburg GmbH at the MIPIM 2014 in Cannes

Jürgen Bruns-Berentelg, Chief Executive Officer of the HafenCity Hamburg GmbH at the MIPIM 2014 in Cannes (© Stefan Grönveld)

In 2014 HafenCity will not only be the scene of a lot of new building sites but a year of ambitious private ventures. Nine projects will get under way in different HafenCity neighborhoods in 2014 alone on some 180,000 sqm gross floor area (GFA) and accounting for an investment volume of around EUR 650 million. In central HafenCity a new developer and joint venture partner is expected to be engaged for southern Überseequartier characterized by retail uses. This unconventional mixed-use showpiece project will have an investment volume of at least EUR 800 million. After general planning 2015, construction should start here in the second half of 2016.

Meanwhile HafenCity is emerging as a knowledge quarter with a series of private universities such as Kühne Logistics University and Medical School Hamburg (both at Grosser Grasbrook since 2013) as well as the public HafenCity University (HCU), a university of architecture and metropolitan development, which opens April 2014. Networks are increasingly developing among these centers of higher education and between them and the businesses in HafenCity.

Finally the varied cultural uses in HafenCity will grow too, once cultural and creative users are decided on for a further 6,000 sqm of former warehouse space in Oberhafen quarter and the temporary cultural and event space is allocated 2014 on the prominent Baakenhöft promontory between Baakenhafen and the River Elbe.

Meanwhile the Elbphilharmonie concert hall, whose exterior is largely complete, is already dominating the HafenCity district and is a new international landmark for Hamburg. Its interior construction is now under way, the highly complex building, providing two concert auditoria, a five-star hotel, a large publicly accessible plaza at a height of 35 meters, and around 45 apartments, should be completed 2016. The inaugural concert is scheduled for 2017.

HafenCity is already developing visible urban, creative and green credentials. There are now well over 2,000 people living here in a wide variety of residential contexts ranging from luxurious privately owned apartments to residential association and cooperative developments as well as the first publicly subsidized housing. More than 2,500 further apartments are currently being planned or built, including six spectacular residential towers to be constructed right in the harbor basin in Baakenhafen neighborhood.

Almost all buildings in central and eastern HafenCity will meet the demanding criteria for the gold HafenCity Ecolabel, while integrated flexible mobility will be developed, combining subway, hydrogen-powered buses, bicycle rental stations, car pools and electric mobility, as well as a drastically reduced number of car parking spaces.

The level of quality already achieved is confirmed by the latest PwC/Urban Land Institute (ULI) Report “Emerging Trends in Real Estate. Europe 2014”: “HafenCity, Hamburg’s gigantic redevelopment of its former port is midway through creating an entirely new quarter that will double the population of the city centre. Due to be finished in 2025, it will also make Hamburg one of the most sustainable cities in Europe.”

“HafenCity today shows what a major international urban development project can achieve,” comments HafenCity Hamburg GmbH Chief Executive Jürgen Bruns-Berentelg: “successful cooperation between the public sector, providing high-quality investment and intelligent incentives, and outstanding private projects delivering a total of 45,000 job opportunities and over 6,000 homes, all continuing the development of Hamburg’s identity, generating a high level of urbanity and at the same time making an important contribution to the sustainability of the city.”

MIPIM 2014

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