163 new rental apartments in Hamburg-Ottensen: Leasing at the Kolbenhöfe has begun

Hamburg, 11/07/2023 | On the site of the former Kolbenschmidt plant in Hamburg-Ottensen, life is returning: where pistons for ship engines were once manufactured in large factory halls, a vibrant, mixed-use neighborhood is taking shape that combines living and working. Quantum is now starting the leasing of 163 new rental apartments in the Kolbenhöfe.

Leasing at the Kolbenhöfe has begun

The 1.5- to 4-room apartments, ranging from 38 to 106 m², are spread across the two largest residential buildings within the Kolbenhöfe. All apartments feature high-quality finishes: “Fitted kitchens, real-wood parquet flooring, and underfloor heating come as standard in all apartments, including the publicly subsidized ones,” says Quantum Managing Director Knut Sieckmann.

All apartments also offer a balcony, a roof terrace, or a terrace. “A landscaped inner courtyard and the adjacent neighborhood square offer future residents generous recreational areas, children’s playgrounds, and dining options,” Sieckmann adds.

Publicly subsidized apartments starting at €8.90 per m²

Rents for the 137 privately financed apartments are expected to range between €17 and €26 per m². The 26 publicly subsidized apartments are being built under the second funding scheme, specifically for people with low to moderate incomes. They will be offered with an initial rent of €8.90 per m².

Leasing will be carried out effective immediately under the name “KOHO – Kolbenhöfe Ottensen” by Peters+Peters Immobilien. The first residents are expected to move in by the end of 2023.

By 2025, approximately 420 apartments will be created at the Kolbenhöfe on Friedensallee in Hamburg-Ottensen, in line with Hamburg’s “one-third mix” model. In 2020, Quantum acquired the majority of the rental apartments from OTTO WULFF and Rheinmetall Immobilien for a fund. The acquisition also included around 1,300 m² of commercial space for offices and retail, which is also currently available for lease.

Max Brauer Quarter: Strong demand in the neighborhood

The Kolbenhöfe rental apartments border directly on the Max Brauer Quarter to the west. On the former Euler Hermes site, Quantum is simultaneously developing an additional 460 rental and owner-occupied apartments.

Sales of the condominiums under the name “Charlotte” are already underway. Around 1.5 years before completion, roughly half of the 138 condominiums have already been sold.