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Shell and Heil & Sohn buy over 10,000 sq m in Hamburg

Shell and Heil & Sohn have snapped up 10,200 sq m in Hamburg. A private individual has sold them the commercial property with a petrol station and an industrial building for an undisclosed sum. The two vendors of the site at Schnackenburgallee 10-12 in the Bahrenfeld district are also the current tenants.

Savills together with Grossmann & Berger, member of German Property Partners (GPP), acted as an advisor on the transaction. CBRE advised Shell through its Advisory & Transaction Services I Occupier department.

„The commercial and industrial area in the west of Hamburg is located in an attractive location, from both a logistics and infrastructure point of view, as the A7 junctions Volkspark and Bahrenfeld can be reached in only two and four minutes respectively.“ For both Heil & Sohn and Shell, this was a decisive reason for choosing the location,„ Bertrand Ehm, Director Industrial Investment at Savills in Germany, says.

Shell and Heil & Sohn buy over 10,000 sq m in Hamburg © Grossmann & Berger GmbH / Christine Prexel
“Accordingly, it was obvious for both tenants to purchase the property themselves in order to secure the space in the long term and exploit the upside potential,„ adds Felix Krumreich, real estate consultant for industry/warehouse/logistics at Grossmann & Berger. “One of the reasons the location is so attractive for Shell is that Shell can also offer its customers a future-oriented, diversified range of services in the form of hydrogen (H2) and e-mobility," explains Anke Bellenhaus-Schneider, Head of Portfolio Services at CBRE.