Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1} Share on Xing

Cushman & Wakefield brokers the sale of the “Little White House on the Alster”

Verena Bauer • 15/02/2024

International real estate consultancy Cushman & Wakefield (C&W) has brokered the sale of the former US consulate in Hamburg, also known as the “Little White House on the Alster”. The seller of the property, the government of the United States of America, was exclusively advised by C&W. The buyer of the unique ensemble of two connected former villas and an extension, located in the Rotherbaum district is Derag (Deutsche Realbesitz Unternehmensgruppe) based in Munich, whose portfolio includes the Living Hotels chain. The new owner plans to convert the vacant property into a boutique hotel. 

The listed property is located at Alsterufer 27, 28 (former villas) / Warburgstrasse 44 (extension) directly on the shore of Outer Alster lake and offers an unobstructed view across the waterfront. The Rotherbaum district is one of Hamburg’s most sought-after residential areas and a popular business location.

Built in 1882 and 1883 to the plans of prominent Hamburg architect Martin Haller (who also designed Hamburg’s City Hall, among other things), the facades of the villas visible from the Alster were remodelled after the acquisition by the US government in 1950 to echo the appearance of the White House in Washington D.C. The building housed the U.S. consulate for over 70 years until its move to HafenCity in 2022. The site area is 3,461 sq m and the gross floor area is around 5,000 sq m. 

Niklas Hensiek, the member of the Capital Markets team at C&W who was in charge of the transaction, said: “It was an honour to be entrusted with the sale of such a historic and unique property. We are pleased that the seller is highly satisfied with the result. Derag will incorporate the history of the building and its connection to the U.S. into its hotel concept, aspects which were very important to the seller.”
The “Little White House on the Alster” is 800 metres from Hamburg Dammtor railway station. It is therefore excellently served by both local and long-distance public transport and amenities in the immediate vicinity include numerous retail stores and restaurants - both south of the property in the city centre and to the north, on the Alster waterfront, as well as in the adjacent side streets. 

Kleines weisses Haus an der Alster in HH

MEDIA CONTACT

verena bauer
Verena Bauer

Head of Business Development Services, Germany • Frankfurt

RECENT NEWS

Office Market Munich
Munich’s prime monthly office rent breaks the EUR 50 mark and reflects demand pressure in the city centre

Take-up of around 139,000 sq m recorded in the Munich office letting market area in Q1 2024 – an increase of 24 percent compared to the equivalent quarter last year.

Verena Bauer • 11/04/2024

Investment Market Duesseldorf
Düsseldorf’s commercial CRE investment market improves, prime yields expected to continue moving sideways

Düsseldorf’s commercial CRE investment market improves, prime yields expected to continue moving sideways.

Verena Bauer • 11/04/2024

Hotel Market Germany
Still scarcely any movement in German hotel real estate investment market

Cushman & Wakefield recorded a total hotel transaction volume of EUR 260 million in the first quarter of 2024, an increase of 30 percent compared to the previous year. 

Verena Bauer • 11/04/2024

INSIGHTS

Office Fit Out Cost Guide - Web card
Insights • Workplace

Germany Office Fit Out Cost Guide

Utilize our Office Fit Out Cost Guide 2024 to effectively plan and budget your office evolution in Germany. Start transforming your workspace in cities like Berlin, Frankfurt, and Munich today!
20/03/2024
Cushman & Wakefield Asset Optimisation Guides
Insights

Complete Asset Optimisation Guide

Our asset optimisation whitepapers serve as your comprehensive guide through the multifaceted real estate landscape.
Verena Bauer • 05/03/2024
City Logistics
Insights

European City Logistics Reports

Cities – and city logistics – continue to evolve in the post-pandemic environment. And with them, city logistics real estate strategies are also evolving.
Verena Bauer • 07/02/2024

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected, for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS