HAMBURG-Developers Estatement gmbh and ECE Projektmanagement announced this morning that they plan to spend about $100 million to build a new office tower here for a large accident insurance firm. What they didn’t say, however, is which one.
The tower would have about 281,000 square feet, to be built on the site of a former bus station, on the north edge of the Barmbek train station area. The building will include more than 15,000 square feet for retail and restaurants, and an underground parking garage.
The developers won’t say yet which firm has agreed to lease at the building. The city has other insurance and banking firms, but is more known as a media hub, including the headquarters of Der Spiegel and the European office of Warner Bros. Music. In an ECE statement, the company said the insurance firm has a lease contract that expires elsewhere in 2015 and “prefers this location among others due to the excellent traffic connection accessibility and the integrated location.”
ECE said planning approval will be sought during the next few months, and the partnership would be able to start excavation of the site in summer 2013, with completion in March 2015. The new building should contribute to the upgrading of the Barmbek station, the company said.
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