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Central Europe

Invesco and Kauri sell Berlin data center to Data Castle

Data Castle, a joint venture between US investment manager Angelo Gordon and Munich-based DCD Data Center Developers GmbH, has acquired the Berlin data center on the site of the Open Innovation Space at Juliusturm from Invesco and Kauri Cab. The „in.grid“ will put the full 40 MVA into operation in the fourth quarter of 2025.
Friday, 24. November 2023

DWU Engineering relocates Cracow office

DWU Engineering Polska is moving its Cracow office to Korona Office Complex. Walter Herz advisors supported the company in the relocation process.
Friday, 24. November 2023

Investment activities in Czech Republic continue to decline

The total volume of investment in Czech commercial real estate amounted to €190 million in the third quarter of this year. This was a 48% decline quarter-on-quarter. Czech investors continue to be the most active buyers, accounting for a full 80% of all transactions in the Czech Republic this year.
Friday, 24. November 2023

Better Workplace will move into CTPark in Katowice

Better Workplace has decided to open a new distribution center in Poland. The company will lease over 1,000 sqm of warehouse and office/social space in the modern logistics park CTPark Katowice. AXI Immo represented the tenant in the negotiation process.
Friday, 24. November 2023

S Immo signs Czech portfolio deal with CPI

S Immo AG today signed a contract for the acquisition of a portfolio totalling 11 properties from Czech Property Investments, a subsidiary of CPI Property Group, in the Czech Republic.
Friday, 24. November 2023

Panattoni opens BTS facility for Vita Group in Żary

Panattoni completed and officially opened a BTS facility for Vita Group within Panattoni Park Żary on November 22. The developer plans to expand the park by an additional 7,000 square meters, with the new space being adapted to the specifics of the future tenant's operations.
Friday, 24. November 2023

Alior Bank to finance Panattoni‘s Gliwice project

Panattoni is developing a manufacturing plant for the Fortaco Group in Knurów, near Gliwice, and the construction of the factory has been financed by a loan from Alior Bank of over €24 million. The cornerstone laying ceremony for the investment took place on November, 21.
Thursday, 23. November 2023

Office real estate: pbbIX still on the slide

The pbbIX declined again in the third quarter of 2023, falling to -1.61, the lowest value since Q2 2009. All three components had a negative impact on the index in the summer months: economic output contracted, the demand for office space remained low in an environment of economic weakness, and a pronounced slump prevailed on...
Thursday, 23. November 2023

CRIM acquires apartments in Düren

Catella Residential Investment Management GmbH has acquired 49 affordable apartments extending over 4,154 sqm in four energy-efficient buildings in Düren, to the west of Cologne in North Rhine-Westphalia, from the Kloepfel Group, as part of a mandate from one of Germany's largest cooperative banks.
Wednesday, 22. November 2023

VGP buys parts of the Opel headquarters from Stellantis

The VGP Group has acquired a plot with over 700,000 m² in Rüsselsheim from Opel's parent company Stellantis, completing the largest brownfield acquisition in the company's history. The project is one of the largest and most central commercial space developments in Germany.
Wednesday, 22. November 2023

Montano acquires Haus am Staatstheater in Wiesbaden

Montano Real Estate has acquired an office and commercial building for a German professional pension fund. The „Haus am Staatstheater“ in Wiesbaden's city center has around 6,000 sqm of rentable space and 34 parking spaces. The main tenant is the State of Hesse. The parties have agreed not to disclose the purchase price.
Wednesday, 22. November 2023

DWS makes appointments in European Real Estate team

DWS appoints Ulrich Steinmetz as Head of Real Estate Transactions for Europe. Christian Baecker has taken over Steinmetz’s responsibility as Head of Portfolio Management Real Estate Retail, in particular for the German real estate retail funds business. Ronen Ribak has been appointed to a newly created position as Head of Val...
Wednesday, 22. November 2023

JB Logistics Airfreight rents 4,200 m² in Mörfelden-Walldorf

Union Investment has let 4,238 m² of warehouse and office space in Mörfelden-Walldorf. JB Logistics Airfreight GmbH, a freight forwarding and airfreight specialist with its main location at Frankfurt Airport, has secured the logistics space at Hessenring 25/Kurhessenstrasse 12 for seven years. The rental agreement begins on 1...
Tuesday, 21. November 2023

Garbe buys food-anchored retail manager GRR Real Estate

Big deal on the retail investment market: Garbe Institutional Capital is strengthening its commitment in the retail segment with the acquisition of GRR Real Estate GmbH. The company, which specializes in food-anchored retail properties, manages around 500 properties and also has 52 neighborhood supermarkets in its portfolio. ...
Tuesday, 21. November 2023

Frankfurt‘s Trianon achieves platinum

Frankfurt's Trianon in Mainzer Landstrasse has been awarded the Platinum Standard and thus the highest certification from the German Sustainable Building Council (DGNB) in the course of the initial DGNB certification in accordance with the DGNB system for buildings in use (2020 version).
Tuesday, 21. November 2023