GSK Stockmann provided the Adler Group with legal advice on the sale of the “Holsten Quartier” development in the centre of Hamburg’s Altona district. The project, which covers an area of around 87,000 sqm, was sold to a consortium of Hamburg-based companies consisting of Quantum and HanseMerkur Grundvermögen, in cooperation with SAGA.
Thanks to its unique scale and location in Hamburg, the Holsten Quartier is one of the north German city’s most high-profile projects. The Adler Group views this transaction as a stepping stone towards dedicating more attention to, and further developing, its residential rental portfolio in Berlin.
Located in the heart of Hamburg’s Altona district, the site is set to be transformed into a vibrant urban neighbourhood, with parts of the historic architecture being preserved and incorporated into the new design. Upon completion, which is expected from 2030 onwards, the project will offer approximately 2,000 flats for more than 5,000 residents.
The transaction is expected to be completed in the first quarter of 2026.
Advisers of the Adler Group at GSK Stockmann:
Max Wilmanns (Corporate Real Estate), Dennis Stenzel (Real Estate Investments, joint lead), Dr Stefan Geiger (Public Building and Planning Law), Kristina Marx (Public Building and Planning Law), Andreas Dimmling (Restructuring), Dr Andreas Peters (Corporate), Dr Jonas Philipp Wilkens (Private Building and Architect Law), Lisa Gebhard (Real Estate Investments), Dr Johanna Baumann-Landschein (Corporate), Christina Reiber (Real Estate Transactions), Christina Lorf (Corporate), Niklas Baasch (Real Estate Asset Management), Nicolas Hoffmann (Public Building and Planning Law), Yasmin Eskiocak (Public Building and Planning Law)
