Written by 7:17 am EU Investment

Union Investment fills seven floors in Hamburg’s „Triiio“

The former headquarters of the Hamburg Süd shipping company in Willy-Brandt-Strasse is gradually filling up following the company’s move out. Union Investment has leased seven floors with over 4,800 m² in one fell swoop in the tower of the office ensemble in the sought-after City submarket.


Law firm and tax consultants Ypog have signed a 15-year lease for around 4,150 sq m on floors 10 to 15, while real estate services provider Cushman & Wakefield will occupy the ninth floor, totalling 685 sq m. Union Investment acquired the former head office of shipping company Hamburg Süd last year from the Oetker Group for the portfolio of special real estate fund UII German Prime Select, and is in the process of repositioning the landmark office ensemble in the market [we reported].

“We are currently remodelling the Triiio Hamburg site following the departure of Hamburg Süd to create an urban district comprising offices, a restaurant for tenants, conference facilities and collaboration spaces. Work is due to be completed by the first quarter of 2023, with the new tenants then able to move in. The fact that we’ve already let seven floors in one go is not just an important first milestone in repositioning the ensemble, it’s also further proof that modern space which is sustainable and flexible remains in demand, even in a challenging environment like the current one,” said Sven Lintl, head of Asset Management Germany at Union Investment.

“Our new Hamburg office will enable us to continue our strong growth,” said YPOG partner Malte Bergmann. He added that “Excellent office facilities represent a genuine competitive advantage for us. As a true Hamburg landmark, Triiio is the perfect fit with our corporate culture.”

Triiiio Hamburg is located between the southern edge of the city centre and the northern border of the port area (Speicherstadt warehouse district) within the Hamburg-City submarket. The district has been one of Hamburg’s most sought-after submarkets for many years and achieves the highest prime and average rents.

The former headquarters of the shipping company Hamburg Süd is currently undergoing extensive remodeling in order to reposition it on the market as a multi-tenant building from the beginning of 2023. © Andreas Vallbracht

The free-standing ensemble at Willy-Brandt-Strasse 59-65 is visible from afar and was completed in 1964. Following remodelling, it will provide some 19,500 sq m of rental space. It originally comprised three sections: a 15-storey tower, a two-storey connecting building and a six-storey building. The centrepiece – dubbed the TOWER – is one of Hamburg’s first high-rise buildings and was designed by Hamburg architect Cäsar Pinnau. In 2016, the three existing parts of the complex were upgraded in terms of technology and energy efficiency and a seven-storey office building was added. The first three buildings were given protected status in 2011.

Union Investment was advised on planning matters by Lüthje Soetbeer Architektur. YPOG received advice from NAI Apollo (brokers/consultants), Capstone Legal Rechtsanwaltsgesellschaft mbH (legal) and W+P workspace consulting GmbH (architects).

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