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Corestate Capital Holding S.A. has acquired an office building in Munich. The property, representing a total investment amount of approx. €66 million, is to be repositioned using a “Manage-to-Core” strategy. The investment manager will offer the property to investors as a club deal. The deal signing has already been completed...
A company in the Freo Group has sold the two Hilton Hotels near the Donnersbergerbrücke, which opened in June 2018 in Munich. The purchaser is a company of the Talanx AG, with participation by Ampega Real Estate GmbH (formerly Talanx Immobilien Management GmbH). The parties agreed not to disclose the purchase price.
Patrizia Immobilien AG announces the €250 million second close of its seventh TransEuropean fund, TEP VII. The equity has been secured from a diverse group of institutional clients in the UK, the USA, Asia and Finland, with over 30% of commitments coming from clients who are new to the TransEuropean series. A further €200 mil...
Alstria Office REIT-AG announces the signature of a new lease in Düsseldorf with the health insurance Barmer. The REIT has signed a new lease for its asset in Heerdter Lohweg 35 (Düsseldorf). The new tenant will lease up approximately 13,600 square meters of office and ancillary space for a lease-term of 12 years. The new lea...
Commerz Real has leased 6,700 square metres of office and retail areas in its Prague office property “Charles Square Center”. With nearly 4,200 square metres the bulk of the new leasing is accounted for by the tobacco company Philip Morris, which is extending an existing lease for 3,600 square metres and expanding its area to...
According to JLL, annual volume of leased floor-space in 2018 was 3.7 million sq m. The market grew by a further 2 million sq m while nearly 2 million sq m of space is under construction. Last year also saw record-breaking total for industrial investment transactions - worth €1.84 billion.
The KanAm Grund Group is continuously expanding their portfolio for institutional investors. The latest property the Frankfurt-based company purchased for an institutional investment fund is Princes Court, an 8-floor office building adjacent to the Bank of England, let to tenants from the international banking and finance sec...
Warburg-HIH Invest Real Estate just acquired a fully occupied commercial building with a gross lettable area of 1,908 square metres in the city of Bonn. The property, which was modernised in 2013 and 2019, is earmarked for the “Warburg-HIH Perspektive Einzelhandel: Fokus Geschäftshäuser” open-ended special AIF. Main tenant is...
The transaction volume on the investment market for German office real estate stood at €31.96 billion in 2018, up 15 percent year on year, marking the highest investment volume since records began. This is a conclusion drawn in a current analysis prepared by CBRE.
Kuehne + Nagel is coming to Regensburg. Goodman is developing a logistics centre in GVZ Bayernhafen. The symbolic ground-breaking ceremony for this project took place on 24 January and brought together representatives of both companies as well as politicians and officials from the region. Located on a on the 35,000 sqm site, ...
With a growth of 21% in assets managed by Kintyre in 2018 enjoyed a fourth successive year of growth in excess of 20% and is now pushing the €1.5bn mark for real estate assets under management. “Being able to deliver another year of balanced growth for our firm, while driving our quality enhancement agenda was very pleasing. ...
In 2018, investment volume on the Warsaw office market hit a record high of €1.7 billion across 28 transactions, according to a summary of 2018 on the Warsaw office market presented by Cushman & Wakefield. Office yields were below 5%, and thus the lowest on record.
Mariola Bitner, an experienced and certified project manager, joining the Polish Project & Development Services team of Cushman & Wakefield. As an Associate, Bitner will support the team leadership to manage operational and financial matters, manage key internal and external client accounts and interface with other Cushman & ...
In preparation for further expansion, AviaRent has strengthened its management team with a new Management Board member and three new Managing Directors: AviaRent Invest AG has appointed Yenna Haack as a new member of the Management Board, consisting of Mathias Giebken and Ralf Otzen, effective 15 February 2019. In addition, H...
Multi Poland assumed the management of the 3 Stawy shopping centre in Katowice as of 1 February 2019. The shopping centre was one of the earliest centres in the Silesia region and combines a broad offering, including shopping, services and entertainment. The shopping centre manager will be responsible for all aspects of the c...
Warburg-HIH Invest Real Estate is launching a new multi manager investment fund. The open-ended special AIF “Warburg-HIH Immobilien Selektiv” lets institutional investors commit themselves in selected real estate funds of leading investment managers with equity stakes of 500,000 euros or more. The fund is marketed by the M.M....
Principal Real Estate Europe has appointed André Weitkamp MRICS, as the Head of Asset Management in Germany. In this newly created role, he is responsible for the management of all portfolio properties and client instructions in Germany and will report directly to Paul Muno, Principal Real Estate Europe’s Head of Investor Rel...
BNP Paribas REIM acquired a newly-built grade A warehouse located in the logistics park „Perfekter Standort“ („Perfect location“), between Stuttgart and Karlsruhe, from Greenfield Development GmbH. The asset has a net lettable area of ca. 15,200 sqm and is fully let to a global logistics service provider. The asset manager ac...
