TATTERSALL LORENZ takes over property management of light industrial asset in Hamburg

TATTERSALL LORENZ Immobilienverwaltung und -management GmbH (Tattersall Lorenz), the owner-managed SME property manager based in Berlin, has, with immediate effect, taken responsibility for the technical and commercial property management of the Hamburg-Billbrook site of ROFIN-SINAR Laser GmbH, a company in the Coherent Group. The client is BRIGHT Industrial Investment GmbH, Berlin, with whom a strategic partnership for future projects has already been agreed.

The site, which extends from Berzeliusstrasse 63, 63a, 83, 85 and 87 to Billbrookdeich 188 and 190, has a total area of 29,000 square metres. The eight buildings constructed on the site between 1980 and 1990 provide a total lettable area of around 20,000 square metres. It is the corporate headquarters of ROFIN-SINAR Laser GmbH, which BRIGHT purchased in a sale-and-lease-back transaction in October 2020.

In consultation with the City of Hamburg, the property is to be remodelled and, in the future, developed into a light industrial and logistics park. This will include demolishing the existing buildings that are no longer in use and constructing two new logistics properties and an 80-space multi-storey car park. BRIGHT, together with CONVALOR Projektpartner GmbH, is investing around EUR 35 million in the purchase and project development. Construction work is scheduled to start at the end of 2021, with completion slated for 2023. Built-to-suit solutions, i.e. space designed specifically to meet the occupiers’ requirements, can also be offered to prospective tenants.

Daniela Tanski, head of the Hamburg office and the 17-strong Tattersall Lorenz team based there, who will be responsible for the management of the property, said: “We are delighted to have this challenging instruction and are proud to be actively involved as the property manager in the development of this high-growth location. We will deliver the highest levels of service to maximise the returns for our client.

Billbrook is the second-largest commercial area in Hamburg, after the Port of Hamburg. The site has access from the A1 and A24 motorways and is only 15 minutes’ drive from the centre of Hamburg.