Zurich, Switzerland/Hamburg, Germany, 27 September 2011 – Only a few months after laying the foundation, the topping-out ceremony at Harvestehuder Weg 36 is being held today. At this unique location, directly on Hamburg’s Aussenalster Lake, the Swiss Peach Property Group Ltd is developing a total of 63 luxury freehold apartments in the upper price range in two building stages. The first villas are scheduled for completion in the spring of 2012.

The site comprises two developments, at Harvestehuder Weg 36 and Alsterkamp 43. Its attraction lies in its unrivalled position on the Aussenalster Lake, in a district of traditional Hamburg villas. There will be a total of 63 apartments, housed in five newly built villas. Sizes range from 80 to 280 square metres. The architecture at Harvestehuder Weg 36 uses unadorned lines, big expanses of glass and gradated terraces, in a reinterpretation of the classic white Alster villa model. The five buildings have been named after traditional ships of the Hamburg shipping company Hapag – Arcadia, Belgravia, Columbia, Hammonia and Rhaetia.

“With the special location and the quality we offer, we are meeting an obvious demand,” states Dr. Thomas Wolfensberger, CEO of Peach Property Group Ltd. “More than 70% of the apartments at Alsterkamp have already been sold, and the second building stage will commence this year.”

The amenities for the new inhabitants include a dedicated fitness area with spa, and underground parking for 125 cars, in some cases with direct access to the apartments by lift. The ceiling heights are 3 metres, rising to approximately 3.2 metres for the ground floors. Two tower rooms even have room heights reaching 4 metres. The apartments’ sales prices start at EUR 7,500 per square metre. One of the largest penthouses of Harvestehuder Weg 36 – with a surface area of 340 square metres – has already been sold. All in all, Peach Property Group is expecting a sales volume of EUR 85 million from Harvestehuder Weg 36.

“The concept is authentic, emotional and oriented towards the future,” says architect Jürgen Göttsch, who, together with Alexandra Czerner, was responsible for drawing up the plans. Alexandra Czerner adds, “Through the buildings’ construction we have formed individual, urban rooms of the highest quality which convey an open and communicative attitude towards life. The architecture of the building ensemble radiates serenity and beauty. Each villa is an original.”

An independent study ranks Peach Property Group as Germany’s second-largest developer of luxury properties. This year, the foundations for its “yoo berlin” project will be laid, a luxury residence at a unique location directly on the River Spree in Berlin Mitte. Here, together with the designer Philippe Starck, Peach Property Group is developing a total of 87 freehold apartments with penthouses, townhouses and suites. Another development is “Living 106”, near the new headquarters of the German Federal Intelligence Service (BND), on Berlin’s Chausseestrasse, where, following its completion, all 76 apartments in the upper price range have been sold. The Group’s largest project at present is the “Peninsula”, a site covering 30,000 square metres on the shore of Lake Zurich.

Download PDF Topping-out ceremony on the Aussenalaster in Hamburg