Cushman & Wakefield advised Hemsö – The City of Bremen will continue to occupy the property as a long-term tenant.
The building of the Oberschule Schwachhausen in Horn-Lehen Bremen has a new owner: as part of the continued expansion of its German portfolio, HEMSÖ GmbH has acquired the refurbished property complex, comprising a total rental area of 10,600 sq m. The vendor is Advenis Germany. The total investment volume amounts to approximately € 34 million.
Cushman & Wakefield advised HEMSÖ GmbH comprehensively on this transaction under an exclusive mandate and acted as intermediary.
AG, and—following the company’s departure—renovated it in several construction phases, converted it into a school building, and gradually handed it over to its new user, the City of Bremen. School operations commenced during the 2024/2025 school year, thereby significantly enhancing and improving the educational offering in the catchment area—including the Bremen districts of Schwachhausen, Horn, Borgfeld, and Oberneuland—through an innovative space utilization concept.
Following the refurbishment, the building complex accommodates not only the school, which will occupy a total of approximately 9,200 m² after the full renovation, but also a “Basic-Fit” fitness center.
Marc Bensemann, Head of Office Capital Markets Hamburg at Cushman & Wakefield, comments: “Properties with long-term leases to public-sector tenants are currently among the most sought-after investments for institutional buyers—the combination of secure cash flow and strong tenant location commitment is a clear quality hallmark in the current market environment. This increasingly also applies to former office properties that gain a second, long-term stable perspective through public use.”
Robert Köwener, Director Office Capital Markets Hamburg at Cushman & Wakefield, adds: “The conversion of the former Siemens office building into a school with the City of Bremen as a long-term tenant exemplifies how existing properties can be successfully repositioned. For the buyer, the property represents another strategically suitable building block in its German portfolio. We are pleased to have facilitated the sale of a second property with a public-sector tenant in a northern German metropolis to a long-term investor within just a few weeks.”
