Demoted from the city to a district in 1937.
(Photo: imago stock&people)
Hamburg The five-story wing stretches several hundred meters along the disused railway line. Birch trees and rosehip bushes grow out of the gravel. Behind them, the freight trains roar from the port of Hamburg towards Rostock and Berlin. Opposite, Falk Verlag prints its patent folding plans, and on the corner, the Ristorante Mamma Mia invites you to have lunch. A mood as if the suburban crocodiles were just around the corner.
The residential complex at Albert-Gebel-Strasse 8 to 28, built in 2010, recently belonged to a BNP Paribas Real Estate Investment Management (REIM) fund. The 155 apartments with a total area of 13,000 square meters have changed hands for around 60 million euros.
At first glance, one might doubt whether the major French bank did a good job here in Hamburg’s Bergedorf district. But these doubts disappear at second glance. To the north, in the direction of the railway tracks, the residential complex appears downright forbidding.
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