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P3 has successfully closed an investment in three diversified German logistics properties located in strategically attractive areas in the cities of Magdeburg, Leipzig and Hanover. With a gross leasable area of approximately 201,000 square meters, they offer a wide range of possibilities for a variety of logistics activities....
A water treatment and filter technology specialist has signed a lease at Mallaustrasse 69-73 in Mannheim. The company will use around 2,000 m² of warehouse space and around 450 m² of undeveloped space as an additional warehouse location. The owner of the property is Adler Immobilien Investment.
The market situation is difficult, and this is also reflected in the half-year figures of The Grounds Real Estate Development AG. The group achieved sales revenues totalling €16.2 million in the first half-year of 2023 (H1 2022: €21.4 million). The group loss amounts €1.1 million.
Tishman Speyer has acquired a housing project with 88 unit in Grenzach-Wyhlen, near Basel. The seller was Dutch developer Ten Brinke. The project, secured in a forward deal, will become part of an open-ended Special Fund.
Picnic has leased a new branch for last-mile delivery in Wiesbaden since mid-August. The free-standing property comprises 2,700 m² of hall space and 300 m² of office space. The lease for the building, located right by the A671 and A66 motorways, was concluded in cooperation with Realogis. Its owner is Casaplan Seeliger GmbH.
Swiss Life Asset Managers is expanding its development portfolio with the acquisition of a 47,000 square metre site in Altusried in the Allgäu region. On this site, a modern logistics property with a rental area of more than 30,000 square metres will be built.
This is the second time this year that the asset manager has invested in the German capital on behalf of its German Real Estate Fund IV (GREF IV). The acquired residential property is located on Mansteinstrasse in Berlin-Schöneberg.
Trei Real Estate, which will focus only on the German, Polish and U.S. markets in the future, continues its focus despite the difficult market environment for developers. As the company has now announced, the development pipeline amounted to EUR 1.9 billion as of June 30, 2023.
Sascha Klaus will remain Chair of the Board of Management of Berlin Hyp. The Supervisory Board of the real estate financier yesterday approved an early extension of Sascha Klaus’ appointment as Chair of the Board of Management for a further five years until the end of August 2029.
There is a new start for the former Grandhotel Hessischer Hof: Peakside presents comprehensive revitalization plans for the vacant luxury hotel acquired at the end of 2022, so that the house can celebrate its reopening in 2025 as the first Taj Hotel in continental Europe.
Verdion starts construction of a 23,243 m² logistics property in Oberhausen. The investment volume amounts to around €32 million. Completion is scheduled for summer 2024. The start of construction is speculative.
Threestones Capital on the acquisition of the Ginkgo portfolio, which comprises two retirement homes. The properties are located in Cologne and Künzell; the sellers are companies belonging to the Huk-Coburg insurance group.
Asset manager Quadoro Investment has achieved full occupancy at Braunschweig campus#4. According to Matthias Altenrichter, Head of Asset Management, demand was so high mainly because of the building's high energy efficiency.
Today, together with the Governing Mayor of Berlin, Kai Wegner, members of the Bundestag and the Berlin House of Representatives as well as representatives of the investor and project developer CA Immo and the future exclusive tenant Deutsche Kreditbank AG (DKB), the ceremonial laying of the foundation stone for the Upbeat hi...