HIH Invest Real Estate and Urban Partners Break Ground on 77,000-Square-Meter TRIPORT Hamburg-Harburg Logistics Park

HIH Invest Real Estate and Urban Partners have launched demolition work at Seehafenstraße 24 in Hamburg-Harburg, signaling the formal start of construction on TRIPORT Hamburg-Harburg, a planned 77,000-square-meter logistics park on a brownfield site within Hamburg's seaport. A ceremonial demolition act was held Sept. 30, 2026, with project partners and guests in attendance.

The development is being realized by Four Parx Gruppe under a forward-funding model. HIH Invest Real Estate and Urban Partners acquired the project in June 2026 through their joint venture. TRIPORT Hamburg-Harburg is the fifth logistics transaction completed by the joint venture and its second in Hamburg, following an earlier project in Hamburg-Billbrook.

Project Scale and Space Breakdown

The logistics park will comprise three buildings, with total planned lettable area of approximately 77,000 square meters. Hall space accounts for roughly 64,000 square meters of that total, broken down into approximately 54,700 square meters of warehouse space, 6,600 square meters of mezzanine area and 2,700 square meters of office space. An additional 14,000 square meters of outdoor area is included in the development program.

Approximately 45,000 square meters — roughly 58 percent of the planned lettable area — are already committed under long-term leases ahead of completion. HGK Logistics and Intermodal has been identified as the first anchor tenant, a positioning consistent with the site's intermodal infrastructure. The remaining approximately 32,000 square meters will be jointly marketed by HIH Invest Real Estate and Four Parx Gruppe, with units available from approximately 6,500 square meters.

Trimodal Access and Sustainability Targets

The site's competitive positioning centers on its direct connections to road, rail and water, including access to the Elbe river and a dedicated ship berth on the property. That trimodal infrastructure allows occupiers to combine transport modes and reduce dependence on truck-only distribution.

The development is targeting DGNB Gold certification. Sustainability infrastructure planned for the site includes a photovoltaic system with 6.1 megawatts of generating capacity and approximately 45 electric vehicle charging points. Completion is targeted for Q2 2028.

Quotes From Project Partners

"With the demolition, our planning is now also visible on site. For us, this is an important step to unlock the value creation potential of this exceptional location. The combination of direct port location, trimodal connectivity and the opportunity to develop modern and flexibly usable logistics space makes TRIPORT Hamburg-Harburg a special project. We are pleased to now enter the next phase of implementation together with Four Parx," said Lars Bothe, Head of Value Add Investments at HIH Invest.

Oliver Schmitt, managing partner of Four Parx Gruppe, added: "The start of demolition marks for us the transition from preparation to concrete realization. On an established commercial site, we are creating the conditions for a contemporary logistics park that can respond flexibly to different user requirements. The special location in Hamburg's port and the trimodal connectivity offer very good conditions for this. With today's milestone, we are taking a decisive step closer to the new use of the site."

Market Context

The project is entering a Hamburg logistics market characterized by limited new supply and sustained upward pressure on rents. Hamburg logistics take-up reached approximately 196,000 square meters in the first half of 2026, a decline of roughly 10 percent year over year, reflecting more selective occupier decision-making. At the same time, prime logistics rents in Hamburg have risen to approximately €8.80 to €9.00 per square meter per month, representing year-over-year growth of between roughly 3.5 and 6 percent depending on the measure used. Average rents have also moved higher, reaching approximately €6.85 per square meter per month.

Across Germany, big-box logistics vacancy declined to 4.7 percent by early 2026, with new supply constrained by a slowdown in speculative construction activity. A 21 percent decline in new European logistics supply has contributed to those vacancy and rent dynamics. Hamburg has remained among the markets where available space has not fully resolved structural shortages, conditions that support the redevelopment of strategically located brownfield sites over peripheral greenfield alternatives.

TRIPORT Hamburg-Harburg's combination of port access, rail connectivity, a pre-leasing rate of approximately 58 percent and a forward-funding structure positions the project to absorb demand from occupiers requiring specialized intermodal infrastructure.

Sources

HIH Invest Real Estate — TRIPORT Hamburg-Harburg: Demolition Work Started for New Logistics Park