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Germany

GIEAG achieves record year

The nationwide project developer GIEAG Immobilien AG (GIEAG) has concluded the 2021 financial year very successfully. At € 138.8 million, consolidated revenue reached a peak in the company's history (2020: € 82 million). Consolidated net income also recorded a new high of €29.8 million (2021: €15.9 million). A dividend of one...
Monday, 27. June 2022

Sonja Wärntges to remain CEO of DIC Asset

DIC Asset AG has extended the appointment of Sonja Wärntges as CEO through 30 June 2027. Wärntges has headed the commercial real estate company since 2017 .
Monday, 27. June 2022

Mazars moves into Munich's Heimeran

Accountancy firm Mazars has secured floors eleven to thirteen in the Heimeran office project, in addition to floor three, and thus a spectacular view over the city. The long-term lease amounts to 3,325 m² of office space.
Friday, 24. June 2022

Hagedorn and GDD sign lease agreement with Loewe

The Hagedorn Group of Companies and GDD Development find their first tenant for their new logistics building in Bielefeld-Hillegossen. The logistics service provider Loewe Logistics & Care will take over a logistics unit of 9,650 m² and will supply the catering businesses from there on behalf of its customer Dallmayr Gastrono...
Friday, 24. June 2022

PREIG sells 20,000 m² site in Berlin-Lichtenberg

PREIG has sold a 19,655 m² site in Bürknersfelder Straße with potential for commercial development in the Berlin district of Lichtenberg. The former subsidiary Creo, which has since been merged into PREIG AG, had acquired the site in mid-2019.
Friday, 24. June 2022

Duisburg: Beos leases 23,000 sqm in Emmelsum harbour

Even before the start of construction, Beos Logistics has fully let the planned logistics property in the port of Emmelsum (city of Voerde), north of Duisburg. According to the developer, the modern new building with a total area of more than 23,000 m² will be „occupied by one of the largest retailers in Germany and Europe“....
Friday, 24. June 2022

hkk health insurance expands in the airport city of Bremen

The hkk health insurance company has been a tenant of the Europa-Center Airportstadt Bremen since 2018. With a renewed expansion of space, the insurer now becomes one of the property's largest tenants. The aviation security company I-SEC - Deutsche Luftsicherheit SE & Co KG also chooses the property at Bremen Airport as its n...
Friday, 24. June 2022

Noratis pays a dividend of €0.55

The annual general meeting of Noratis AG approved the distribution of a dividend of €0.55 per share. Joachim von Bredow was also elected as a new member of the Supervisory Board. He replaces Hendrik von Paepcke.
Thursday, 23. June 2022

777 Capital Partners wins Numa as operator in Munich

777 Capital Partners AG is taking over the asset management of a modern serviced apartment property in Rosenheimer Strasse and has once again brought the Numa Group on board as a partner. The internationally active group will operate the property in the future.
Wednesday, 22. June 2022

Patrizia completes first close of new Sustainable Future Ventures VC Fund

Patrizia has completed the first close of a new €100 million venture capital fund “Sustainable Future Ventures” (SFV). The initial close includes funds from a range of investors including pension funds and family offices, as well as strategic real estate operators and investors.
Wednesday, 22. June 2022

GSG Berlin celebrates topping-out for „Adil & Berta“

Last Friday, Gewerbesiedlungs-Gesellschaft Berlin (GSG Berlin) celebrated the topping-out ceremony for the new office building „Adil & Berta“ in Berlin-Kreuzberg on schedule. Two five-story buildings with a total area of 2,514 m² will be built by spring 2023.
Wednesday, 22. June 2022

Magna buys second development from Plassmeier

Magna Asset Management has secured the planned new headquarters of Trane Deutschland, a specialist in heating, ventilation and air conditioning technology, in Oberhausen on behalf of the real estate special AIF Magna Babcock Select. The new corporate headquarters will be built by local project developer Plassmeier GmbH in the...
Wednesday, 22. June 2022

Zech buys Wayss & Freytag from Royal BAM

The Royal BAM Group has sold the German subsidiary Wayss & Freytag Ingenieurbau AG to Zech Building SE. The contracts were signed on June 20th. The transaction is subject to approval by the competition authorities and is expected to be completed in the third quarter.
Tuesday, 21. June 2022

Kingstone buys nursing home as seed asset for healthcare fund

In an off-market transaction, Kingstone Real Estate has acquired a nursing home with 70 single bedrooms in Dettenheim on behalf of the “Kingstone Living & Care I” fund. Vendor of the property is GFS Bauträger- und Immobilienvermittlungs-GmbH.
Tuesday, 21. June 2022

Lidl leases 40,000 m² in Magna Park Berlin-Werder from GLP

GLP has leased approximately 40,000 sqm in Magna Park Berlin-Werder (Havel) to the food retailer Lidl, a new client. The developer has now fully leased the centrally located, speculatively developed logistics facility to the south-west of Berlin. This also marks the leasing of all space currently available across GLP's entire...
Tuesday, 21. June 2022