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Groundbreaking ceremony at Gänsemarkt: Hamburg's new office center is taking shape!
On July 15, 2025, construction began on an office and business complex at Gänsemarkt in Hamburg, funded by HanseMerkur.
Groundbreaking ceremony at Gänsemarkt: Hamburg's new office center is taking shape!
On July 15, 2025, the construction project around the Gänsemarkt in Hamburg celebrated the long-awaited groundbreaking ceremony. Organized by HanseMerkur Grund Vermögens AG, around 100 guests gathered, including Finance Senator Dr. Andreas Dressel, to set the example for the revitalization of this central area. A project that is not only intended to improve Hamburg's city center, but is also part of the 150th anniversary of HanseMerkur. As entwicklungsstadt.de reports, the new office and business complex on the site of the former Gänsemarktpassage will be completed by the end of 2028.
During the planning phase in 2023, the property was taken over from the Signa Group's insolvency estate after it had been unused for more than a year. The planned eight-story new building will have a total rental area of around 20,700 square meters and is located in the immediate vicinity of the State Opera and Jungfernstieg. The ground floor zones of the complex are intended for dining and retail offerings, while large courtyards and passageways are intended to improve connections to the neighboring colonnades. Eberhard Sautter, CEO of HanseMerkur, underlines the cultural significance of the Gänsemarkt and attaches importance to sustainable architecture that is both aesthetic and functional.
Growing interest
“We are happy about the start of this important project,” said Finance Senator Andreas Dressel, who described the development as a signal for the city center. Malte Andes, deputy chairman of the board, emphasized that public interest in the space is high and demand is high, which will further promote the success of the new building. Celia-Isabel Vietmeyer from Quantum, the Hamburg real estate developer, emphasized the sophisticated mix of uses and innovative architectural approaches that serve to make the Gänsemarkt even more attractive. According to quantum.ag, this could be a great asset to the city center.
The new construction project is part of a construction offensive that the Hanseatic city is experiencing in view of the increasing demand for housing. In a current report from immobilienanalyse-hamburg.de reference is made to various new construction projects. Hamburg is planning around 10,000 new residential units annually by 2030, with the focus also on inner-city densification and the creation of new districts. Particular emphasis is placed on modern architecture and sustainable construction methods, which increases the attractiveness for investors and future residents.
In conclusion, it can be said that the Gänsemarkt project not only creates a new building block for economic revitalization, but also for the cultural and urban development of Hamburg's city center. Citizens can look forward to the coming developments at the Gänsemarkt, a historically significant place that could now shine in new splendor.