Values Real Estate acquires two historic buildings in Hamburg

Values Real Estate has acquired two fully-leased, historic commercial buildings, Brandenburgerhaus and Barnbrockhaus, in Hamburg's prestigious Arcade District. 

Brandenburgerhaus, Hamburg

The off-market deal, closed on 31 December 2025, was for their "Values Prime Locations II (Mixed Opportunities)" fund and the purchase price was not disclosed.
The properties offer a combined total of approximately 7,500 m2 of rentable space.
Brandenburgerhaus (Hohen Bleichen 22), with about 5,900 m2, primarily hosts the Free and Hanseatic City of Hamburg's Ministry of Culture and Media, which has been a tenant for 30 years, occupying nearly 60% of the space.
Barnbrockhaus (Poststraße 23) provides around 1,600 m2, split between offices, retail, and some residential units.
Both Art Nouveau buildings feature a strong tenant mix, including high-quality office tenants, premium service providers (especially in finance and tax), and upscale retail brands like Lucid Motors and Stone Island in one of the buildings. 
The two properties are located in the historic Passagenviertel – one of the most popular shopping and sought-after office locations in Hamburg's city centre, near the City Hall, Gänsemarkt, and Jungfernstieg. The diversified tenant mix of office, retail, and residential properties, comprising 14 tenants, provides stable cash flow.
Bastian Mlecko, head of Investment at Values Real Estate, stated:  “We are delighted to have acquired these trophy properties for our Prime Fund. Current developments, such as the Hamburger Hof and Gänsemarkt-Höfe, offer additional appreciation potential for the locations of our two buildings. We focus on properties in demographically favourable locations, preferably commercial buildings in prime locations where we can unlock potential with our asset and ESG management.” 
The Special AIF Values Prime Location II (Mixed Opportunities), with a Core Plus risk profile, has several hundred million euros in investment capital but remains open to investors. The fund plans with an equity ratio of 50% and is structured as an Article 8 fund. It focuses on metropolitan regions in Germany. 
Cushman & Wakefield, Heuking and Brand Berger advised Values Real Estate, while Jones Lang LaSalle and CBRE advised the seller.