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HafenCity

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Hamburg is setting new standards in Europe with the devlopment of HafenCity. Comprising 157ha, HafenCity is a conversion project in which port areas formerly used by industry and logistics are being transformed into a mixed-use urban quarter for living, working and leisure. The new city area by the water is being redefined through impoved urban layout and architecture. In total more than 2.5 million m² gross floor area (GFA) is to be constructed above ground. More than 7,500 residential units for around 15,000 residents are being built, as well as business premises offering in excess of 45,000 job opportunities (of which 35,000 will be in offices), plus educational institutions (child daycare, schools, universities), restaurants and bars, retail, cultural and leisure amenities, with parks, plazas and promenades – after overall completion, 80,000 visitors per day are expected.

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With around 15,000 residents, HafenCity will double the housing supply in Hamburg’s inner city (Altstadt, Neustadt and HafenCity) when completed. In terms of figures, each hectare of land accommodates around 118 residents and an additional 354 jobs. This density meets the growing demand for inner-city living space and workplaces, and at the same time contributes to sustainable land use. In terms of construction, this density is achieved while retaining the perimeter block development typical of major European cities with only individual high-rises. The floor space index (FSI) – i.e. the gross floor area (GFA) of all buildings within a neighborhood in relation to its land area – ranges from 3.7 to 6.1, depending on the neighborhood. The proportion of road traffic areas normally required has been reduced to 23% in HafenCity, compared with 42% in the old town between Speicherstadt and Binnenalster. This allows a large proportion of public and publicly accessible open spaces amounting to 38 %. In the Altstadt between Speicherstand and Binnenalster, this figure is only 5%. The open spaces not only have a high recreational value, they also, together with the water areas, prevent the urban space from overheating in summer. HafenCity thus achieves a high quality of compact living and working with high land use efficiency.

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With around 45,000 jobs, HafenCity is also an important business location for the entire metropolitan region. Large corporate headquarters and branch offices have been given an attractive, inner-city location in HafenCity. These include the well-known Hamburg media company “Der Spiegel” at Ericusspitze and the Gruner + Jahr publishing house under construction at Lohsepark. The maritime sector includes the companies Kuhne + Nagel, COSCO SHIPPING Lines, the shipping company Eukor and DNV-GL. With Greenpeace, the Loki Schmidt Foundation and the energy company Enerparc, there is also a special sustainability connection in HafenCity’s entrepreneurial community. Start-ups, small companies with high growth potential and co-working providers are also increasingly discovering the urban qualities of HafenCity. The Finhaven fintech hub has been created in the Campustower and, with the Blockchance Campus, Hamburg has gained its first co-working space for blockchain technology. The Foodlab in Watermark Tower is a globally unique co-working space for founders from the food scene. The EDGE HafenCity office building is a fully digitalized office building that structures and supports the creative appeal of co-working through digital tools.

My_Stylery_Hamburger_Hafencity-9-1024x576For Hamburg, HafenCity is not simply a major real estate project in which individual projects need to be realized as quickly and efficiently as possible – it is the vehicle for achieving exemplary urban quality and defining the city anew for the 21st century. But this is by no means confined to urban planning, architecture or uses. It also extends to sustainability. To give just one example, with its sustainable mobility concept (sharing and e-mobility) HCH is currently setting completely new priorities in eastern HafenCity and thus making a key contribution to Hamburg’s sustainable transformation strategy. Social sustainability and social resilience are other topics that are subject to ongoing strategic development and are being taken up by individual developers.

006781imageNew experiments and innovations are constantly playing their part in HafenCity’s increasingly ambitious development, which in many areas has also emancipated itself from the 2000 Masterplan but without losing sight of its basic idea. Because the development of HafenCity simultaneously creates an institutional framework for integrating new model projects, it provides a highly regarded platform for innovation. The city of Hamburg can thus also substantially strengthen its pioneering role in the area of forward-looking urbanity and make a significant contribution to climate-friendly and social progress.


 

GLA: 

  • Overall area: 157 ha of former port and industrial land
  • Land area: 127 ha

 

Investment volume:

  • private investment – around €10bn
  • public investment – €3bn, mostly financed from special assets fund from sales of plots in HafenCity

 

Managed by: HafenCity Hamburg GmbH

        

Start of the project: 2000

 

Completion: TBD 

  • 80 projects completed; 61 projects under construction or planned

 

Address: Hamburg, Germany

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How a Dublin house sold for €13.25m but stayed under the radar

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It is often said that things get lost in translation. That’s the beauty of language, that it isn’t linear; but when it comes to illustrating the housing market, a data picture paints a thousand words.

Surveying the property price register, or PPR, is a national pasttime for many. While the Property Services Regulatory Authority has always pointed out that it isn’t a price index, most pedestrian users use it to see what certain homes sold for. Such curiosity gets the better of most of us. Neighbours will always want to know what Mary down the road got for her place. What Mary’s place sold for is in the public domain, if you can find it. And the amount it made might even prompt her neighbours to consider doing likewise.

The register isn’t perfect. Senior economist Siobhán Corcoran, associate director at Sherry FitzGerald, leads a team that spends days per quarter cleaning its data, eliminating the multiple private rental sector and social housing sales to get a clearer picture of the market. She downloads the listings, by either county or city, and has her team go through it to get a clearer picture.

The lists give the address of the property, what it sold for and the property type: a new dwelling house/apartment; second-hand dwelling house/apartment; or the lesser-spotted teach/árasán cónaithe atháimhe. Because the data is entered manually there is the risk of human error, meaning some are logged incorrectly.

It is every citizen’s personal choice to register the sale of their home in either Irish or English. Irish is our first language and has dual status.

And yet while it is our right to log the property in the Irish language, very few sales are actually are registered as Gaeilge.

“While many of the housing estates in Ireland have Irish names, the proportion of PPR entries logged with an Irish address in its entirety, including county in the address field is minute, zero point zero zero per cent over the last number of years,” Corcoran explains. “Properties on the register listed as the proportion of PPR entries logged as a ‘teach/árasán cónaithe atháimhe’ have been in single digits over the past number of years.”

When you download the CCV text file for the Dublin listings so far this year, just one abode – in Diswellstown, Baile Átha Cliath 15 – is described thus.

A sale that garnered a lot of attention was Lissadell, number 9 Shrewsbury Road in Dublin 4, which was described in this newspaper as having been purchased by Marlet chief Pat Crean last June, and yet to appear on the register but believed to have sold for in excess of €11 million.

In a letter to the editor of this newspaper on September 20th, Simon Twist helpfully pointed out that the transaction was listed as Uimhi [sic] a Naoi, Botha [sic] Sriusbaire, Dublin 4, and that it sold for €13.25 million on May 19th. The difference is some 17 per cent. (This is the highest price achieved in Dublin, according to the register; in June, Stripe co-founder John Collison paid about €20 million for the Abbey Leix estate, in Co Laois.)

As it is written, the address of Lissadell is near-impossible to find unless you know this exact spelling. It doesn’t come up when you simply search for properties listed in Ballsbridge, for example.

The classifications are often a confusing hybrid of English and Irish. Corcoran says that most of these properties with “full” Irish addresses have not been classified as a “teach/árasán cónaithe atháimhe” in the description field. While the Shrewsbury address “Uimhi a Naoi, Bótha Sriúsbaire” is logged in Irish, it is not classified as a “teach/árasán cónaithe atháimhe”.

Galway-city based conveyancying solicitor Mark Killilea has a suggestion for solving this difficulty. Just go to landdirect.ie, find the relevant folio where the property will be listed as registered. “It’s just another hurdle, but not an insurmountable one,” he says.

But should we have to jump through these hurdles at all? Cork-based software engineer Eddie Long believes it shouldn’t be up to the inputter to decide on what way the address is entered. “At present the freeform index allows whatever they like. Instead the inputter should have to choose from a dropdown menu of addresses, like that used to determine Eircode listings.”

Should these listings be in English or Irish? “Irish is an officially appointed language, so it should in both.”

Citizens are entitled just to list the address in Irish. But the process should be transparent. Ba mhaith linn trédhearcacht.

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Robbie Williams lists sprawling 72-acre country estate for £6.75 million

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Robbie WIlliams has listed his sprawling 72-acre country estate for £6.75 million.

The Take That crooner, 47, used the home as a rural retreat for his wife Ayda Field and their children, having purchased it in 2009 for £8.1 million.

The property is located close to the quaint village of Compton Bassett in Wiltshire about 85 miles from London

Take that! Robbie WIlliams has listed his sprawling 72-acre country estate for £6.75 million

Take that! Robbie WIlliams has listed his sprawling 72-acre country estate for £6.75 million

Ready to move on: The Take That crooner, 47, used the home as a rural retreat for his wife Ayda Field and their children, having purchased it in 2009 for £8.1 million

Big family: Robbie and Ayda, 42, share Theodora, eight, Charlton, six, two-year-old Colette and youngest son Beau, one

Ready to move on: The Take That crooner, 47, used the home as a rural retreat for his wife Ayda Field and their children, having purchased it in 2009 for £8.1 million. Robbie and Ayda, 42, share Theodora, eight, Charlton, six, two-year-old Colette and youngest son Beau, one

Robbie said, via the listing agent Knight Frank: ‘Compton Bassett House has been the perfect escape for our family. The gardens and trees have enchanted us with their magic, and on rainy days – of which there are many in England – we have played and splashed around the indoor pool, much to our delight.’ 

Robbie and Ayda, 42, share Theodora, eight, Charlton, six, two-year-old Colette and youngest son Beau, one.

The property boasts its own parkland and woods, as well as a football pitch, on which soccer-mad Robbie will have no doubt enjoyed honing his ball skills.

Also outside in the grounds is a helicopter hangar, a walled garden with a pavilion, a tennis court, and paddocks for horses. 

Robbie said, via the listing agent: 'On rainy days - of which there are many in England - we have played and splashed around the indoor pool, much to our delight'

Robbie said, via the listing agent: ‘On rainy days – of which there are many in England – we have played and splashed around the indoor pool, much to our delight’

Sprawling: The floorplan shows the layout of the impressive three-storey mansion

Sprawling: The floorplan shows the layout of the impressive three-storey mansion

Serene: The property boasts a walled garden with a pavilion, a tennis court, and paddocks for horses

Serene: The property boasts a walled garden with a pavilion, a tennis court, and paddocks for horses

Chopper-ready: Also outside in the grounds is a helicopter hangar

Chopper-ready: Also outside in the grounds is a helicopter hangar

The mansion itself is spread across 19,913 square feet, boasting seven bedrooms, and eight bathrooms.

There are five reception rooms and an indoor pool, a gym, a steam room, and a billiards room.

The gourmet chef’s kitchen is an impressive feature of the home with a stunning blue wooden island and a sprawling dining space for large gatherings.

Robbie and American actress Ayda’s quirky tastes are evident throughout – with giant dog sculptures lined around the hardwood floored cooking space. 

Music mogul: Robbie shot to fame as one fifth of 90s boyband Take That [pictured in the early 1990s with Jason Orange, Howard Donald, Gary Barlow and Mark Owen]

At it alone: Robbie has become the only one of the band to carve out a particularly successful solo career, since going on to collaborate with stars such as Nicole Kidman [pictured  in 2001]

Music mogul: Having shot to fame as one fifth of 90s boyband Take That [pictured L in the early 1990s with Jason Orange, Howard Donald, Gary Barlow and Mark Owen] Robbie has become the only one of the band to carve out a particularly successful solo career, since going on to collaborate with stars such as Nicole Kidman [pictured R in 2001] 

Rural retreat: 'Compton Bassett House has been the perfect escape for our family. The gardens and trees have enchanted us with their magic,' Robbie said of the estate

Rural retreat: ‘Compton Bassett House has been the perfect escape for our family. The gardens and trees have enchanted us with their magic,’ Robbie said of the estate

Sweeping: The property is located close to the quaint village of Compton Bassett in Wiltshire

Sweeping: The property is located close to the quaint village of Compton Bassett in Wiltshire

Quirky: The gourmet chef's kitchen is an impressive feature of the home with a stunning blue wooden island and a sprawling dining space for large gatherings

Quirky: The gourmet chef’s kitchen is an impressive feature of the home with a stunning blue wooden island and a sprawling dining space for large gatherings

Extra space: There is also a detached cottage which joins two staff flats to provide extra accommodation for staff or guests

Extra space: There is also a detached cottage which joins two staff flats to provide extra accommodation for staff or guests

The property features modern classical architecture and several stone fireplaces.

There is also a detached cottage which joins two staff flats to provide extra accommodation for staff or guests.

The home features a long stony driveway, rolling up to the impressive 1929 home – previously owned by the famous architect Sir Norman Foster.

Other features include stone mullioned windows, a study and a hidden staircase to the floor above. 

Part-timer: Robbie still dips in and out of performing with Take That [pictured in 2018]

Part-timer: Robbie still dips in and out of performing with Take That [pictured in 2018]

Master suite: The mansion itself is spread across 19,913 square feet, boasting seven bedrooms

Master suite: The mansion itself is spread across 19,913 square feet, boasting seven bedrooms

Modern meets regal: The property features modern classical architecture and several stone fireplaces

Modern meets regal: The property features modern classical architecture and several stone fireplaces

Niche: The décor and accents are a clear nod to their eccentric owners

Niche: The décor and accents are a clear nod to their eccentric owners

‘Although our clients are sad to be leaving, they’re certain that the next owners will love it as much as they have,’ the listing agent said. ‘The house has the benefit of being on the edge of the village but also has beautiful gardens, and grounds surrounding it providing complete privacy and protection.’

Having shot to fame as one fifth of 90s boyband Take That, Robbie has become the only one of the band to carve out a particularly successful solo career.

Despite his wild child younger years, he has recently established himself firmly as a family man, marrying Los Angeles native Ayda in 2010. 

Style secrets: Robbie and American actress Ayda's quirky tastes are evident throughout - with giant dog sculptures lined around the hardwood floored home [pictured in 2018]

Style secrets: Robbie and American actress Ayda’s quirky tastes are evident throughout – with giant dog sculptures lined around the hardwood floored home [pictured in 2018]

Decadent: The home features a whopping eight bathrooms, some with freestanding tubs

Decadent: The home features a whopping eight bathrooms, some with freestanding tubs

Quirky: Robbie and American actress Ayda's quirky tastes are evident throughout - with one poster featuring a play on words from his Let Me Entertain You song - 'Let Me Excavate You'

Quirky: Robbie and American actress Ayda’s quirky tastes are evident throughout – with one poster featuring a play on words from his Let Me Entertain You song – ‘Let Me Excavate You’

60s meets modern: There are five reception rooms and an indoor pool, a gym, a steam room, and a billiards room

60s meets modern: There are five reception rooms and an indoor pool, a gym, a steam room, and a billiards room

Tranquil: The property boasts its own parkland and woods, as well as a football pitch, on which soccer-mad Robbie will have no doubt enjoyed honing his ball skills

Tranquil: The property boasts its own parkland and woods, as well as a football pitch, on which soccer-mad Robbie will have no doubt enjoyed honing his ball skills

Robbie quit Take That in 1995 but returned to the band between 2006-2011, on and off.

He still occasionally performs with them; the group continue on as a three-piece, with Gary Barlow, Howard Donald and Mark Owen. Fifth member Jason Orange quit in 2014.

Robbie’s solo career has seen him collaborate with the likes of Nicole Kidman and Kylie Minogue on tracks, and he has released 12 studio albums to date.

He is said to be worth £195 million, as reported by The Sunday Times in May 2021. 

Out in the sticks: The location is 85 miles away from London

Out in the sticks: The location is 85 miles away from London

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Property investors offended by ‘vulture funds’ label, conference hears

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People in Ireland need to stop calling property investment firms “vulture funds” and development and building rules need to stop changing if the housing crisis is to be solved, property and banking sector representatives have said.

Marie Hunt, executive director of research at real estate firm CBRE, told an Irish Council for Social Housing conference that the “fundamental problem” in the Irish housing market “is a lack of supply”.

She said bureaucracy and regularly changing public policy were also issues, noting the political discussion this week about potentially changing the link between rent and inflation because prices were rising.

Ms Hunt said investors were not going to come into a market where the rules kept changing halfway through the game.

She said that calling investors “vulture funds” was unhelpful and that name calling “in the media” should stop.

“We need that capital and we need that investment.”

She said investors who bought a nursing home or an office block were welcomed but that those who bought housing received very negative publicity “and they don’t need that”.

Take interest elsewhere

Pat O’Sullivan, head of real estate research at AIB, said policy changes were problematic and that the term “vulture fund” was offensive to investors, who could take their interest elsewhere.

He said Ireland isn’t the only economy that requires funding and “we have got to be very careful about the amount of changes we make to policy, how we describe the investment”.

Ms Hunt said that from a developer’s perspective, many housing schemes were not viable due to high construction and “input” costs and “because we have raised the bar so high in terms of the planning regime and design requirements”.

She instanced the judicial review process, which has been used to bring challenges to fast-track strategic planning developments, as another problem. Ms Hunt said “anecdotally” developers were hiring senior counsel and barristers ahead of planners and architects, such was the level of challenges.

The conference continues on Thursday.

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