Developer Bouwfonds Property Development (BPD) and Build to Rent provider Greystar have announced that its 234-unit Canvas Living Hamburg development has topped out at ten storeys. Having reached the highest point of the scheme, Greystar entered an agreement to forward purchase Canvas Living Hamburg and will operate it upon full completion.
BPD acquired the site of the former Harburg Center shopping center in 2017, obtaining building rights by 2022; the same year Greystar joined the project. A total of approximately 8,500 sqm of living space is being created in the Harburg district of Hamburg. Commercial units with a combined area of approximately 2,500 sqm will be located on the ground floor of the development.
“This project is aimed at young professionals, couples, and students, target groups with an urban lifestyle that blend really well as we see in our other projects in Europe. In its design, we have incorporated typical elements of Hamburg architecture. Recently, we have developed and launched urban living concepts of this magnitude in Amsterdam, Rotterdam, Frankfurt and Vienna.”Mark Kuijpers, Senior Managing Director (MD), Greystar
The hallmark of Greystar Germany, now extended to Canvas Living Hamburg, incorporates furnished apartments and residential services such as common areas and a dedicated on-site team. The scheme will also include a resident lounge, co-working spaces, a fitness studio, a laundry room, parcel lockers, two rooftop terraces, bike storage and WiFi.
The plans for Canvas Living Hamburg, by Schenk Fleischhaker Architects, include 203 fully furnished micro-apartments and 31 rental apartments that incorporate design elements of Hamburg’s Speicherstadt architecture. Designed by Hamburg design firm JOI-Design, the tradition is continued on the inside, with brick walls, herringbone parquet floors, and green and red glazed tiles.
“With the sale to Greystar, the project development in Hamburg-Harburg reaches the next milestone. This construction project on the site of the former Harburg Centre is a viable inner-city project development that is characterised by its central location and its future, attractively mixed form of use. We are pleased to be able to bring the site, which had recently lain fallow, back to life.”Tobias Stüber, Head of Investor Sales, BPD
The official opening of Canvas Living Hamburg is scheduled for October 2024. Greystar also opened its first Canvas Living location in Frankfurt, in October 2022.