2,000 apartments to be built on Holsten Areal - Consortium Acquires Holsten Brewery Site for €1B Mixed-Use Development
A consortium of Quantum, Hanse Merkur, Saga, and Hamburger Sparkasse (Haspa) has recently acquired the land of the former Holsten Brewery in Hamburg-Altona. The project aims to transform the site into a mixed-use development, preserving historic architecture while integrating new housing units.
The redevelopment, costing approximately one billion euros, will be carried out in coordination with the city of Hamburg and local district authorities. Around 2,000 new apartments are planned, with approximately 50 percent designated as social housing or reserved for students and trainees.
The Holsten site has a history of land speculation, with the 8.6-hectare grounds changing hands multiple times without any construction. The consortium's purchase marks a significant step towards finally developing the site.
The consortium's purchase of the former Holsten Brewery site, along with the city's support, signals a commitment to transforming the long-speculated land into a vibrant, mixed-use community. The project aims to preserve history while providing much-needed housing, including affordable options for students and trainees.
