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| Hochtief Projektentwicklung sells Height3 hotel development in Hamburg Hochtief Projektentwicklung has sold Height3 - the future Adina Apartment Hotel at the Hamburg Heights urban quarter - to Commerz Real. Hochtief Projektentwicklung intends to start construction this year once the construction permit has been granted. The building is due to be handed over to its operator in Q3 2017, and will be placed in Commerz Real's open real estate fund, hausInvest. Commerz Real has invested a total of some EUR 50 million. Height3 will be built in the Hamburg-Altstadt district and will have a gross floor area of around 11,400 square meters. The lot of almost 2,500 square meters on Willy-Brandt-Strasse is part of the future Hamburg Heights urban quarter. Two listed office high-rises (Height1 and 2) - formerly the headquarters of IBM and Der Spiegel news Magazine - located between Jungfernstieg and HafenCity are to be modernized, while three new buildings (Height3 to 5) for residential and hotel use will be added. Apart from 202 fully furnished studios and suites, the hotel will be offering a 4-star hotel service and will also feature a spa and restaurant. Hamburg Heights will have an underground garage in which 35 parking spaces will be allocated to the hotel. write your comments about the article :: © 2015 Construction News :: home page |