CG Elementum celebrates topping-out ceremony for 289 apartments in Hamburg

The topping-out ceremony of the Bahrenfelder Carrée was celebrated today in Hamburg-Bahrenfeld in the presence of the builders involved. The nationwide developer of residential and commercial real estate CG Elementum AG is realizing a total of 289 urgently needed apartments, including 108 studio apartments, 121 classic rental apartments and 60 subsidized housing units, in two building sections in the immediate vicinity of the Altonaer Volkspark.

After the property lay fallow for many years with several changes of ownership, living space for all generations and lifestyles is finally being created.

CG Elementum is thus developing a total of around 16,600 m² of residential space at the intersection of Bahrenfelder Chaussee and Von-Sauer-Strasse, which will be supplemented by five commercial units in the two components with just under 2,700 m². The commercial tenants not only ensure short distances for the procurement of everyday goods, but also enhance the overall quality of life in the surrounding area. A green inner courtyard with a high quality of stay and 176 parking spaces sensibly complement the residential and commercial areas. ZECH Bau, as the general contractor, is largely responsible for the targeted constructional implementation of the project.

The execution planning of this mixed residential ensemble was carried out entirely via Building Information Modeling, or BIM for short. The project thus shows the way of the construction industry into digitalization in a very exemplary way. Christoph Gröner, CEO of CG Elementum, said on the sidelines of the topping-out ceremony: “I am really pleased that the apartments are now ready and that we can make our contribution to Hamburg’s housing construction goals. Land like this is far too often traded speculatively instead of being built on. This does not help the people who are looking for housing. We real estate developers have a big responsibility here.” 

Christoph Gröner adds, “Sustainable housing requires a triad of modern and digital planning, the use of sustainable building materials and well thought-out energy planning, so that buildings can still be inhabited and used ecologically and inexpensively in 20 or 30 years. With experienced partners such as ZECH Bau and also JMJ architects, we have managed to realize the Bahrenfelder Carrée as a pilot project for these approaches in Hamburg’s west and look forward to new projects.”

Das OThe property will be built throughout to the energy-efficient KfW-55 standard with central ventilation using ecological building materials, and is scheduled for completion in 2022. Leasing has already begun for the partially dismantled Building 2. Edeka will be the tenant of a large part of the commercial space. The new owner of Bahrenfelder Carrée has also been known since August 2021: Catella is taking over the building ensemble as part of its European Residential Fund III (CER III).