Some €8 bn in private investment and €2.5 bn in public resources will be ploughed into the new Hamburg port development known as HafenCity, according to Jürgen Bruns-Berentelg, CEO of HafenCity Hamburg.
Some €8 bn in private investment and €2.5 bn in public resources will be ploughed into the new Hamburg port development known as HafenCity, according to Jürgen Bruns-Berentelg, CEO of HafenCity Hamburg.
In an update on this massive project at EXPO REAL, Bruns-Berentelg said that 450 companies have already committed to start up operations or move into the area, which is Germany’s premier port and the second-largest harbour in Europe after Rotterdam.
HafenCity is an extension of the inner city of Hamburg and a true mixed-use development, with residential space making up 30% of the total.
When complete in 2025 it will cover a built gross area of 2.32 million m2, almost doubling the size of Hamburg. Work on the project started in 2001. Construction of the U4 subway extension began in 2013 and HafenCity University is scheduled to open next year.
