Hamburg, Germany. 30th Apr, 2026. Thomas Krebs (r), CEO of Saga Unternehmensgruppe, and Frank Gerhard Schmidt, founder and board member of Quantum Immobilien, at the official ground-breaking ceremony for the Kiezkante project, formerly known as Paloma-Viertel, on the site of the former Esso buildings on Spielbudenplatz on the Reeperbahn. The Kiezkante development in the heart of St. Pauli is now set to enter the realization phase. The SAGA Group and Quantum Immobilien AG are jointly implementing the project. Credit: Christian Charisius/dpa/Alamy Live News
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Hamburg, Germany. 30th Apr, 2026. Thomas Krebs (r), CEO of Saga Unternehmensgruppe, and Frank Gerhard Schmidt, founder and board member of Quantum Immobilien, at the official ground-breaking ceremony for the Kiezkante project, formerly known as Paloma-Viertel, on the site of the former Esso buildings on Spielbudenplatz on the Reeperbahn. The Kiezkante development in the heart of St. Pauli is now set to enter the realization phase. The SAGA Group and Quantum Immobilien AG are jointly implementing the project. Credit: Christian Charisius/dpa/Alamy Live News