Hamburg: Quantum invests €150mn in Eimsbüttel district
Quantum Immobilien AG plans to begin construction on a new residential quarter in the Lokstedt area during the summer of next year. The location of the approximately €150mn "Stadtgärten Lokstedt" is a former 47,000 sqm sports compound between Lokstedter Steindamm and Grandweg. According to plans drafted by the Hamburg office Loosen, Rüschoff+Winkler, a total of some 600 apartments are to be developed there, primarily in three and four-story row houses. The apartments will range between 75 and 120 sqm, and most will be rented, the daily newspaper Hamburger Abendblatt reported. Also planned is a two-story kindergarten for 100 to 300 children that is to be operated in collaboration with nearby clubs as a sports day-care center. The development of "Stadtgärten Lokstedt" will be carried out over three phases ending in 2013-14.