MPC Capital has acquired a new construction project from the Hamburg-based Behrendt Group for its ESG Core Wohnimmobilien Deutschland fund. The apartment building with 22 residential units and 11 underground parking spaces is being built as part of the "Albertinenhof" development project in Hamburg-Schnelsen. It is scheduled for completion in the first half of 2023. The total investment is around EUR 12 million. Hamburg-based broker Hinsch & Völckers Immobilien acted as advisor in the transaction. Located on the northeastern border with Schleswig-Holstein, Schnelsen has developed into a district that is
particularly popular with families, offering a wide range of local recreational opportunities and leisure
activities. At the same time, the center of Hamburg can be reached quickly via public transport and the A7
motorway, which is underpassed in the Schnelsen area. Schools, kindergartens, shopping facilities and the
Albertinen Hospital are in the immediate vicinity.