Onwards and upwards with Spitaler Hof! – Yet more high profile Autumn arrivals
Alcove Spitaler GmbH and McGarrell Reilly again are delighted to announce the most recent arrivals at their flagship commercial asset in Germany, Spitaler Hof in Hamburg. Yet more reinforcement of the belief in and commitment to Spitaler Hof and its location by the Group, the extensive, impressive and ever improving list of new occupiers continues to illustrate the quality of the underlying building that has been refurbished and successfully delivered back by the Group into to the competitive Hamburg office market at a value for money rent level.
The most recent arrivals again come from a range of industries but this time are at smaller sizes and principally located in the Lillienstrasse annex of the building where a policy of facilitating smaller, more flexible lettings than were previously accommodated in Spitaler Hof has been recently pursued. By splitting the floors down into small takes of only just over 100 sqm, Alcove Spitaler are proposing to create a section of the overall complex that accommodates smaller needs but with high quality tenants, the policy being to encourage and facilitate these companies to grow within the building. By catering for more flexible lease terms, Alcove Spitaler believe they will allow expansive companies the opportunity to enjoy and become accustomed to the benefits of the location and large HQ office profile of the building, allowing them project a high quality image to their clients. This enables them to feel comfortable in committing to the building without compromising or inhibiting their growth plans by the terms of the first lease they sign, which Alcove Spitaler understand should only be a part of the business plan of the businesses.
This policy has worked remarkably well to-date with Reycom, SHI and LV1871, operating in the digital media, shipping and insurance industries respectively, all realising the attractive proposition on offer. All three companies are well established with Reycom and LV1871 being Swiss and Muncih based companies seeking to expand into the Hamburg market. SHI are a Hamburg based company relocating to Spitaler Hof.
During the summer, eSailors took occupation of the largest single letting of office space in the building, being the entire 5th floor of the main building (2,191 sqm) while proof further of the excellent locational benefits of Spitaler Hof has been delivered on the retail element of the asset with Thalia forward committing to exercise their two remaining prolongation options on their flagship store along Spitalerstrasse with the 2,925 sqm anchor store, committing to the location for another 12 years. Of note also has been the decision of leading international fruit bar and smoothie chain, Chiquita to take over the small kiosk retail unit along Spitalerstrasse. Based at leading transport hubs in Germany, the decision by Chiquita to locate at Spitaler Hof illustrates yet again the prominence of Spitaler Hof in a retail sense, adjacent to the Hauptbahnhof.
The office lettings continue to highlight the exceptional design of the building which continues to allow it compete with newer rivals due to its extremely high core design features providing high levels of natural light, availability of chilled ceilings, ideal block widths and numerous entrance cores. Upgrade works to the services in the building carried out by Alcove Spitaler GmbH, a company within the McGarrell Reilly Group, have reinvented this building, restoring it to its premier status amongst Hamburg's real estate market.
McGarrell Reilly believe the above letting activity within Spitaler Hof and current levels of enquiries are an acknowledgement of the flexible physical layout of the building, top-class fit-outs at cost-effective rents and most importantly, the quality of the location from both a retailing and office perspective, being only 2 minutes walk from the Hauptbahnhof, prominently pitched on Hamburg's premier retailing street, Spitalerstrasse and within the Altstand, Hamburg's core office location. Just two short blocks removed from the Binnenalster and the cities top office address along the Ballindamm, the location of the Hapag Lloyd headquarters amongst many other prestigious tenants, the building is a landmark property occupying one of the most prominent corners of Hamburg real estate.
There is now only 2,000 sqm of office space remaining to be let with strong interest levels. Further details are available from our agents at www.cbre.de or via the buildings own dedicated website, http://www.spitalerhof-hamburg.com
