Hemsö acquires district court in Hamburg

Hemsö acquires the Altona District Court in central Hamburg. The City of Hamburg is the tenant under a 10-year lease agreement. The property comprises 9,800 square meters of lettable area, and Hemsö’s investment amounts to EUR 24 million.

The district court building was completed in 1878 and has been used continuously as a courthouse ever since. The property has been listed as a protected historic building since 1981 and has undergone ongoing renovations through to 2026. The court handles a broad range of cases within its jurisdiction, including civil and criminal matters, family and youth cases, as well as general legal and administrative proceedings.

“Over the past 15 years, Hemsö has built a high-quality portfolio of social infrastructure properties in Germany. At the same time, we have expanded our portfolio within both the education and justice sectors. In the Hamburg acquisition, we were able to leverage our strong balance sheet and high level of transaction certainty. We look forward to the partnership with our tenant,” says Jens Nagel, Head of Region Germany at Hemsö.

Hamburg has a population of approximately two million people, while around five million people live in the wider metropolitan region. The acquisition of the district court, Hemsö’s first property in Hamburg, further strengthens the company’s German portfolio within the justice sector. Hemsö already owns five police properties in Germany.

For more information, please contact:

Jens Nagel, Head of Region Germany                                       +46 8-501 170 70
Åsa Thoft, Head of Communications                                         +46 8-501 170 57

Hemsö is Sweden’s leading owner of properties for public use. The business is based on sustainably owning, managing and developing properties for nursing home, education, health care and the judicial system. Hemsö has properties in Sweden, Germany and Finland. The hallmarks of Hemsö’s business are long-term leases and stable tenants. The Third Swedish National Pension Fund (AP3) is the majority owner. The total value of Hemsö’s property portfolio is SEK 89 billion. Hemsö has had a credit rating of A- from Standard & Poor’s, AA- from Fitch Ratings and A3 from Moody's. More information can be found at: www.hemso.se.