Bremen Am Wall 117–125
Prime Old Town Repositioning Opportunity
Project Overview
About This Project
Am Wall 117–125 is a centrally located three-building ensemble in the historic core of Bremen. Positioned minutes from the pedestrian zone, the asset offers a clear repositioning profile with multiple value-creation levers—supported by resilient demand drivers and strong alignment with the Bremen 2035 city-centre revitalisation strategy.
The investment case is defined by two development pathways—a value-preserving refurbishment (“The Bulwark”) and an alternative new-build vision (“The Weserperle”). This dual-track approach enables risk-adjusted execution depending on planning feasibility, market timing, and tenant demand.
Visual Management Summary
Selected visuals are excerpted from a German-language investment memorandum and provided for orientation.
Executive Summary
- Asset: Am Wall 117–118, Am Wall 119, Am Wall 121–125
- Total area: ~12,158 m² (three buildings)
- Parking: 135 spaces (incl. 130 underground)
- Current status: partially leased legacy stock + a larger block currently vacant (repositioning lever)
- Strategy: refurbishment vs. new build—flexible capital allocation and phasing
Project Visuals
Asset Overview and Micro-Location
Strategic Context
Bremen combines a diversified industrial base with a strong education ecosystem—supporting stable demand for modern residential and commercial space in the city centre.
| Indicator | Snapshot |
|---|---|
| GDP per capita | ~€57,000 |
| Population | ~570,000 |
| Forecast growth to 2035 | ~2.0% |
| Universities | 9 |
| Students | 40,000+ |
| Prime office rent (city centre) | ~€22.0/m² |
| New-build residential average | ~€13.40/m² |
| Micro-apartments (<25m²) | ~€38.55–€72.50/m² |
Value-Creation Strategy
Scenario 1 — Refurbishment (“The Bulwark”)
- Façade renewal and upgrade to modern performance standards
- Full strip-out enabling flexible layouts and future-use optionality (incl. office-to-residential conversion)
- Building integration across the ensemble (where feasible)
- Time- and cost-efficient alternative to a full redevelopment
Scenario 2 — New Build (“The Weserperle”)
- Context-sensitive landmark design aligned with the Old Town urban fabric
- Optimised layouts for micro-apartments and hotel segments
- South-facing terraces and high daylight concept
- Sustainability-led architecture approach to reduce operational footprint
Indicative Financial Snapshot
- Year 5 NOI: €1.69m (refurbishment) vs. €2.48m (new build)
- Delta: +47% higher NOI in the new-build scenario (Year 5)
All figures are indicative and subject to technical and commercial due diligence.
Risk Management and Governance
- Market: diversified leasing strategy and continuous monitoring
- Financing: fixed-rate structures and flexible payment terms
- Delivery: experienced contractors and structured project management
- Regulatory: legal counsel and ongoing planning / zoning monitoring
Next Steps
- Confirm technical baseline (structure, MEP, façade, parking) and derive capex scenarios.
- Validate target positioning and leasing strategy (office / residential / micro-living / hospitality).
- Assess planning feasibility, timeline, and phasing for both development pathways.
- Refine the financial model and execution roadmap based on due diligence outputs.
- Investment Analysis
- Financial Forecasting
- Market Research
- Development Strategy
Investment Highlights
Key Value Propositions
Strategic Old Town Location
Central positioning within Bremen’s historic core, minutes from the pedestrian zone—an established micro-location with resilient demand drivers.
Two Value-Creation Pathways
Refurbishment and new-build options enable flexible capital deployment and a risk-adjusted strategy tailored to market timing and planning outcomes.
Alignment with Bremen 2035
The development logic supports the city’s revitalisation agenda: modern standards, new living/working space, and preservation of urban character.
Attractive Upside Potential
Indicative Year 5 NOI shows meaningful uplift potential, particularly in a micro-apartment / hotel-optimized new-build scenario.
Property Details
Features & Specifications
Asset Composition
- Three-building ensemble: Am Wall 117–118, 119, 121–125
- Total gross floor area: ~12,158 m²
- 135 parking spaces (incl. 130 underground)
- Partially leased legacy stock + fully vacant larger block
Market & Fundamentals
- Prime office benchmark: ~€22.0/m² (city centre)
- New-build residential average: ~€13.40/m²
- Micro-apartments (<25m²): ~€38.55–€72.50/m²
- GDP per capita ~€57k; 9 universities; 40k+ students
Scenario 1 — Refurbishment (“The Bulwark”)
- Façade renewal with floor-to-ceiling window concept
- Full strip-out enabling flexible layouts and future-use optionality
- Integration of buildings 117 and 121–125
- Cost- and time-efficient compared to a full rebuild
Scenario 2 — New Build (“The Weserperle”)
- Iconic design respecting the Old Town fabric
- Optimised for micro-apartment and hotel segments
- South-facing terraces and high daylight concept
- Sustainability-led architecture approach
Risk Management
- Diversified leasing strategy and continuous monitoring
- Fixed-rate financing structures and flexible payment plans
- Experienced contractors and detailed project management
- Legal advisory and zoning / plan monitoring
Gallery
Property Images
Interested in This Project?
Contact our team to learn more about investment opportunities and partnership options.