Quantum extends lease agreement with Siemens for office in Hamburg

Siemens AG's Hamburg branch has been located at Lindenplatz 2 since 1957. Quantum and the DAX-listed company have now reached an early agreement on a long-term lease extension. There are also plans for an extensive refurbishment of the listed property in line with sustainability criteria.

"We are delighted to be continuing our history in Hamburg at Lindenplatz 2 in offices that will soon be even more modern and precisely tailored to our requirements.Siemens AG has committed to operating the properties it uses in a completely climate-neutral manner by 2030.In order to achieve this goal in our listed building on Lindenplatz in the future, we were able to reach an agreement with the owner and landlord on extensive modernisation measures.
It goes without saying that state-of-the-art building technology from the portfolio of our Smart Infrastructure business division will be used. The decision to keep our branch at Lindenplatz is also a clear commitment to Hamburg as a business location," says Sonja Neubert, Head of Operations and Spokesperson for the Siemens Hamburg subsidiary.

The property, which is centrally located at Berliner Tor, was built in 1955, occupied by Siemens AG in 1957 and extensively refurbished between 2004 and 2006. Quantum acquired the office property in 2018 for a "VGH Versicherungen" fund.The current project planning envisages extensive modernisation of the office space in a New Work design for the 700 employees who will work at the branch in the future.There are also plans to renovate and insulate the façade in line with listed building regulations. In addition, the attractiveness and amenity value of the property will be enhanced by redesigning the inner courtyard and the main entrance area. The multi-storey car park will also be greened and an electric charging structure installed.

"The space will be refurbished to meet the tenant's current requirements and future ESG requirements.Reducing CO2 emissions from buildings to achieve the targets of the Paris Climate Agreement is an important goal for Quantum.Project planning has already begun and we plan to complete the extensive measures in 2027.Siemens AG will remain at the site during the entire construction phase, which will take place in phases," says Arndt Buchwald, Managing Director of Quantum.

"We are also pleased to have extended the rental agreement ahead of schedule and to be able to decide on the future of the property together with the tenant.Securing long-term rental income in conjunction with sustainability is a very good signal and a strong commitment to implementing our investment strategy," adds Hanno Wolfensberger, Head of Real Estate and Investments at VGH Versicherungen.

Quantum was advised by the law firm WALCH RITTBERG NAGEL Rechtsanwälte und Steuerberater Partnerschaft mbB.BNP Paribas Real Estate GmbH acted on behalf of Siemens AG.