Bayerische Hausbau Real Estate acquires new construction project FLOW on the Alsterlauf
With the acquisition of the campus project “FLOW – Work. Science. Life.” in Hamburg’s Alsterdorf district, Bayerische Hausbau Real Estate is taking a further strategic step beyond its Munich core market. The seller is a joint venture of the sister company Bayerische Hausbau Development and Matrix Beteiligungsgesellschaft mbH & Co KG. The transaction within the Schörghuber Group underlines the common goal of expanding individual strengths and creating sustainable added value for the entire group of companies.
FLOW comprises around 26,000 m² of rental space, is currently more than 80 per cent let with terms of more than ten years and has first-class ESG certification. The anchor tenant is the global medical technology and diagnostics group Sysmex, founded in Japan in 1968, which has signed a lease for its EMEA headquarters until at least 2040 and an extension option until 2055. Other companies with strong credit ratings, such as SPIE, complement the tenant profile.
“Especially in a challenging market environment, it is important to invest in a very targeted manner. FLOW convinces with its leasing structure, the long-term perspective and the quality of the location. Such investments fit perfectly with our claim to selectively exploit opportunities and sustainably develop our portfolio,” says Marcel Wnendt, CEO of Bayerische Hausbau Real Estate.
Gordon Gorski, CEO of Bayerische Hausbau Development, adds: “The FLOW exemplifies our development aspirations: to consider the highest quality, sustainability and attractiveness of the location from the very beginning. The fact that the project will now remain in the sister’s portfolio contributes to our joint success and creates continuity throughout the entire real estate life cycle.”
“We would like to thank our tenants in particular for their trust and always cooperative cooperation in this challenging project. My thanks go to all those involved in the planning and implementation of this beautiful office campus,” says Martin Schaer, Managing Director of Matrix Real Estate GmbH.
Central location meets New Work and ESG
The FLOW campus was developed and implemented by Bayerische Hausbau Development in a joint venture with Matrix Beteiligungsgesellschaft mbH & Co KG and Matrix Real Estate GmbH and is characterised by an innovative utilisation concept. It combines modern office and laboratory space with new work concepts, common areas, roof terraces and mobility infrastructure. Located in the immediate vicinity of the Alster river, the property offers a high quality of stay and optimal accessibility – both to the airport and to the city centre. At the same time, the new building meets the highest sustainability criteria with LEED Gold, WiredScore Gold and the BEG 55 standard. With PV systems, e-mobility, external shading and a comprehensive biodiversity concept, it sets standards for energy-efficient and long-term commercial properties.
Stefan Bögl, COO of Bayerische Hausbau Real Estate, says: “We see FLOW not only as a new building, but as an environment that intelligently combines work, research and sustainability. It is precisely this future-proof mix that we are looking for in our portfolio.”
Hamburg as a market of the future
With the move to Hamburg, Bayerische Hausbau Real Estate is deliberately positioning itself in an economically strong metropolitan region. In 2024, the Hanseatic city recorded above-average economic performance (+1.7 percent compared to the national average) as well as one of the most stable office markets in Germany with a below-average vacancy rate. The location thus opens up long-term growth prospects that optimally complement the portfolio in the south and strengthen BHRE’s strategic orientation towards sustainable earnings and regional diversification and deepen cooperation within the Group.
