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CA Immo has reported strong operational first six months of 2017 with a significant increase in long-term profitability. Highly successful lettings have also been confirmed, providing critical momentum for monetisation of the company's development pipeline. Furthermore, the company has decided to develop land earmarked for re...
TAG Immobilien AG placed convertible bonds maturing in September 2022 with an aggregate principal amount of €262 million, divided into 2,620 bonds with a nominal amount of €100,000 each. The bonds are convertible into approximately 14.6 million new or existing TAG bearer shares with no par value or may be repaid in cash.
The pan-European open-ended Core+ fund Encore+, co-managed by Aviva Investors as fund manager and LaSalle Investment Management as asset and transaction manager, has made its fifth acquisition in Germany, the office complex Galluspark 15-19 in Frankfurt am Main, for €39.25 million. „I am delighted that we have acquired this o...
Züblin Immobilien Holding AG and CLS Holdings have closed the transaction including all twelve German properties with an underlying gross asset value of €152 million . Eleven properties were sold in a share deal, i.e. via the sale of two existing Züblin subsidiaries. One property was sold via a direct purchase. Altogether the...
The office and commercial property at Lietzenburger Strasse 75, not far from Kurfürstendamm, was built in 1961 and extensively renovated from 1996-1998. The total area is around 3,243 square metres. The entire ground floor is used by one retail tenant. On the upper five floors, there are two office units of around 351 square ...
With its innovative millennial brand, the Novum Hotel Group is still steering its expansion course. The Niu in the Hanseatic city of Lübeck will follow the first Niu hotel, located in Essen. The Niu Rig is currently under development by the Hamburg Hotel Group at the strategic, prime location „Am Bahnhof 17-19“. According to ...
M7 Real Estate has let around 800 sq m of café/restaurant accommodation in Hildesheimer Strasse 420-426, Hanover. The Xiahui Hu China-Restaurant has signed a long-term lease on the unit. Engel & Völkers Commercial brokered the deal. The property is a retail warehouse scheme, constructed in 2003 on the site of the former Wülfe...
Warburg-HIH Invest Real Estate has acquired a fully leased local retail centre in Aachen for the open Special AIF „Warburg-HIH Perspektive Einzelhandel: Fokus Nahversorgung“, which was launched in May 2017. Vendor of the property in Von-Coels-Strasse 204-214 is a regional property developer. Together with the recently acquire...
The Chinese parcels service provider Send2China GmbH has leased 1,200 sqm of industrial space on the Mülheim Business Park at Weseler Straße 48-50. Realogis acted as intermediary for the long-term lease. Send2China is a subsidiary of JRD Innovations, a logistics company that has its headquarters in London and specialises in a...
The Novum Hotel Group intensifies expansion of its millennial brand Niu in Northern Germany. Planning permission for this unforgettable hotel was already granted by the beginning of 2017, at the site of the former Karstadt department store on the Holstenstraße. Since then the 113-room hotel has been taking shape piece by piec...
Following the announcement about the completed transactions in Amsterdam at its commercial launch , the fund management of the Swiss Life REF (DE) European Real Estate Living + Working has now released further details about its transactions in the city. The two transactions are the first investments of the fund outside German...
MSCI Inc. reported that the latest return of the IPD Germany Quarterly Spezialfonds Index (SFIX) stood at 5.6% over the 12 months ending Q2 2017. The headline index return thus reached its highest return since Q4 2007, while the quarterly total return amounted to 1.5%.
Leipzig’s MicroLiving Service GmbH is taking over the operation of the Youniq student residence at Müllerstrasse 34 in Berlin and will be using the services of the platform operator Uniplaces for rentals. The new building offers 163 apartments in total on seven floors.
The business of TLG Immobilien AG fared excellently once again in the first half of the 2017 financial year. In the first six months of the year, rental income increased to €78.5 m, which represents an increase of 16.1% over the same period in the previous year. In the same period, funds from operations (FFO) increased by 21....
The real estate investor Accom Immobilien GmbH intends to invest in real estate through fund structures with institutional investors in the future. In planning is a fund for German and international investors, as well as an additional fund geared to Asian investors. While the fund for Asian investors will be launched at the e...
LXi REIT has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Essex and Somerset. The purchase price for the portfolio is €10.10 million (£9.2 million), reflecting a net initial yield of 6.0% (net of acquisition costs).
ISS Automotive Services GmbH has won a considerable facility services contract for technical cleaning services at Daimler AG. The contract covers the Daimler manufacturing site in Stuttgart, one of the company’s largest plants.
Realogis has set its sights on the Rhine-Main region and has opened a branch office in Hesse’s metropolis. Realogis offers its customers local support and thanks to its close-knit network of more than 50 experts for industrial and logistics properties it sees good chances for the group’s further organic growth.
