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DIC Asset AG has let the last office units of around 4,700 sqm overall that were still available at the Global Tower, one of Frankfurt’s landmark properties, as it signed another three long-term leases with blue-chip tenants. With these signings, DIC achieved full occupancy of the high-rise after its sustainable refurbishment...
Panattoni is building a modern and pioneering construction project in Halbe, Brandenburg. The new Panattoni Park Berlin Süd II will be built without previously arranged tenants and with a particular focus on sustainability. The completion is slated for the end of 2024.
The Hamburg real estate company Five Quarters Real Estate AG (5QRE) continues its investment strategy. The purchase agreement for the construction of a nursing home in Schkeuditz, Saxony, was signed for the "5QRE Healthcare Infrastructure Deutschland 01“ fund.
Rutger Kaeding starts 1 July as Head of Corporate Finance to lead an experienced team of 21 colleagues across Heimstaden’s markets. He joins from DIC Asset. The company has appointed Michael Tegeder as successor and its new Head of Corporate Finance.
Union Investment is expanding its strategic exposure to the resort hotel sector by acquiring the main Grand Palais building of the Steigenberger Grandhotel & Spa tourist hotel complex in Seebad Heringsdorf on the island of Usedom in the Baltic Sea.
Space Plus has acquired a property in Hanover, as part of its active investment strategy in Germany. The parties have agreed not to disclose the purchase price.
Garbe Industrial Real Estate GmbH has acquired a conversion site of around 48,000 square metres in Gera, a town located in the east of Thuringia. The plan is to build a logistics and commercial property with a total area of 28,000 square metres there. Construction is scheduled to begin in April 2024.
The German economy is moving sideways. Following a decrease of 0.5% in the third quarter of 2022, real gross domestic product remained unchanged during the first quarter of 2023, and investors are adopting a distinctly wary approach both on the market for office space and on the investment market despite a cautiously optimist...
Shareholders of Deutsche Pfandbriefbank AG (pbb) followed the proposals of the Management Board and Supervisory Board in all respects at the virtual Annual General Meeting on Thursday. Thus, the Annual General Meeting approved the distribution of a dividend of € 0.95 per no-par value share entitled to dividend, i.e. a total o...
Hyatt has entered into a franchise agreement with SIC Hospitality GmbH for Kennedy 89, a luxury hotel currently under development. Set to open within The Unbound Collection by Hyatt brand later this year, the 181-room luxury hotel will be tailored for discerning travellers who appreciate sophistication, comfort, and a sense o...
The shareholders of Peach Property Group AG approved all of the agenda items at today’s Ordinary General Meeting with a clear majority. A total of approximately 44 percent of the share capital, respectively 72 percent of the registered voting rights were represented at this year’s General Meeting in Zurich. After an interrupt...
Tertia Berufsförderungs GmbH & Co. KG is the new tenant in Kapweg. After Aroundtown's team of experts had already concluded a long-term lease for 3,900 sqm, the office building is now fully let with the new tenant Tertia.
Garbe Industrial Real Estate GmbH creates further settlement potential in the Berlin/Brandenburg metropolitan region. In Oberkrämer (Oberhavel district), the Hamburg-based project developer has started to build a logistics property with a total area of around 21,000 m². Construction is taking place with no fixed rental commit...
In the last few weeks, CA Immo has concluded and extended seven leases for around 40 % (approx. 1,900 m²) of the space in the Nymphenburg medical centre in the Ambigon building in Munich. All rental agreements were concluded on a long-term basis with a term of 10 years.
Panattoni is developing the Panattoni Park Kaiserslautern Ost in Göllheim, Rhineland-Palatinate. The sustainably developed, multi-user property will be built in the logistics corridor between Southwestern Germany, Northern France and Benelux and is focused on flexibility and a high degree of third-party usability. The start o...
For IntReal International Real Estate Kapitalverwaltungsgesellschaft mbh the 2023 financial year was off to a good start. The assets under administration (AuA) of the Hamburg-based administration specialist increased by €1.6 billion during the first quarter, climbing to c. €63.7 billion by 31 March 2023. It implies a 2.5-perc...
It is expected that there will be a record amount of take-up in Frankfurt, London, Amsterdam, Paris and Dublin (FLAPD) data centre markets in 2023, according to the latest research from CBRE.