• Union Investment secured a building permit for Hamburg’s Quartier Wandsbek Markt redevelopment on October 26, 2026.
• The former Karstadt property will house 125 apartments alongside commercial space, with completion scheduled for the end of 2028.
• Restoration of the historic Wandsbeker Markt facade marks the project’s first completed phase; construction remains on schedule.
• The development is held in the UniImmo: Deutschland open-ended real estate fund.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Union Investment Real Estate GmbH published the original content used to generate this news brief on October 26, 2026, and is solely responsible for the information contained therein.