Fund property granted World Heritage status: Hamburg's Chilehaus building recognised by UNESCO
Designed by Fritz Höger and commissioned by businessman Henry B. Sloman, the Chilehaus building was constructed between 1922 and 1924. When it opened on 1 April 1924, it was typical of the new style of office building (“Kontorhaus”) being built in Hamburg. The ten-storey office and commercial building has been part of the portfolio of open-ended real estate fund UniImmo: Deutschland since 1993. The property is currently fully let. “This recognition is very special both for our investors and for us as the owner and asset manager of Chilehaus. After all, who else has a World Heritage Site in their portfolio, and one which has delivered excellent returns over many years?” said a delighted Dr. Reinhard Kutscher, Chairman of the Management Board of Union Investment Real Estate GmbH. The announcement was also a fitting present to mark the real estate fund company's 50th anniversary. “We aim to create sustainable value with our real estate investments – there is no better way to express that than with the label ‘World Heritage Site’. Then as now, Chilehaus continues to meet the requirements of its users, demonstrating its sustainability over a period of more than 90 years.”
The UNESCO World Heritage Committee's decision marks the end of a process that has taken many years. The Chilehaus building was first added to Germany's Tentative List for inscription in the UNESCO list in 1999. In 2007, the Speicherstadt and Kontorhaus districts were added to the application. In February 2004, the application was submitted to the relevant centre in Paris. Extensive evaluation and assessment of the application documents and the site was then carried out by ICOMOS International. For Hamburg, this first UNESCO World Heritage title brings with it an exciting opportunity to promote the city's culture worldwide. “As a company that has its roots in Hamburg, we are committed to protecting and sharing the Chilehaus building's cultural heritage and are very much aware of the responsibility this entails,” said Dr. Reinhard Kutscher. “We will continue to work very closely both with the City of Hamburg and with UNESCO.”
One year after the Speicherstadt and Kontorhaus districts, including the Chilehaus building, were recognised as a World Heritage Site by UNESCO, the City of Hamburg officially received its certificate. Germany’s then foreign minister, Frank-Walter Steinmeier of the Social Democrats (SPD), presented the award to Hamburg's mayor, Olaf Scholz (SPD), on 27 June 2016. The minister first insisted on visiting Chilehaus. Volker Noack, a member of the management team at Union Investment Real Estate GmbH, acted as host, welcoming the foreign minister and personally showing him around the World Heritage Site. From the roof of the Chilehaus building, Mr. Steinmeier was able to enjoy the view of the Kontorhaus district and the Speicherstadt district located opposite. He was clearly very impressed by the vibrant and well-maintained Chilehaus building.
“I would like to congratulate Hamburg and Olaf Scholz on achieving World Heritage Site status,” said Steinmeier. “The Speicherstadt and Kontorhaus districts, together with the Chilehaus building, uniquely document Hamburg’s rise to become one of the largest and most important ports in the world. At the same time, they represent its cultural and social identity. World heritage helps to anchor people in their environment and give them stability.” This applies to Hamburg's World Heritage Sites, as it does to threatened World Heritage Sites such as Palmyra in Syria, he added. Accordingly, Germany's foreign cultural policy is committed to protecting humanity’s cultural heritage worldwide. “I am therefore particularly pleased that World Heritage status was awarded to Hamburg while Germany was chairing the UNESCO Heritage committee.”