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» Chronological View: " Germany " «

KfW lets 5,300 sqm in Frankfurt office building Centurion

The KfW banking group has let approx. 5,500 sqm in the office building Centurion in Frankfurt-Bockenheim. The property, which is located at Theodor-Heuss-Allee 112 and also known as the American Express House, is part of the portfolio of the Dutch Family Office Golden Star. They had acquired the 30,000 sqm property in 2016 fr...
Friday, 20. April 2018
Garbe Real Estate celebrates topping out ceremony for Campus Tower in Hamburg

Garbe Real Estate celebrates topping out ceremony for Campus Tower in Hamburg

The topping-out wreath was raised: The Campus Tower will be one of the most striking buildings in the HafenCity Hamburg. A 16 floor tower with a long side bar marks the beginning of the Baakenhafen quarter and connects Hamburgs „academic quarter“ to the east of HafenCity University.
Friday, 20. April 2018

Second-tier cities combine higher returns with lower risks than metropolises

Second-tier cities offer higher return potentials than the seven Class A cities, while also boasting a greater stability of income, a comprehensive survey conducted by Demire Deutsche Mittelstand Real Estate AG and the bulwiengesa research institute published found. The elevated return potential manifests itself most conspicu...
Friday, 20. April 2018
Neinver opens Halle Leipzig The Style Outlets Phase II

Neinver opens Halle Leipzig The Style Outlets Phase II

Neinver has officially opened the Phase II extension of Halle Leipzig The Style Outlets. The first outlet centre in Central Germany, which is also celebrating its second anniversary, has increased by 60 percent its GLA with the addition of 7,000 m2, taking the centre’s total commercial space to 18,000 m2.
Friday, 20. April 2018
Quadoro acquires Shopping Centre in Kaiserslautern

Quadoro acquires Shopping Centre in Kaiserslautern

Quadoro Doric has acquired the Fackelcenter in Kaiserslautern on Richard-Wagner-Straße 1 for the open-ended special AIF Vontobel Sustainable Real Estate Europe. The Fackelcenter is a mixed-use retail and office building with 11 storeys and 9,200 m² of lettable space. It is conveniently located on one of the most highly freque...
Friday, 20. April 2018
Foundation stone laid for Alexander quarter in Berlin

Foundation stone laid for Alexander quarter in Berlin

Since the beginning of the year, excavators are rolling on the site of the new Alexander Quarter (Alexanderquartier), in the immediate vicinity of Alexanderplatz in Berlin. On April 10 the development participants laid the foundation stone. Investor for the development is a development company of the European Student Housing ...
Friday, 20. April 2018
P&P buys Telekom portfolio for approx. €80 million

P&P buys Telekom portfolio for approx. €80 million

The P&P Group acquired the Southwind Portfolio a few days ago. Seller is Deutsche Telekom AG. Now in addition to Bavaria, the developer from Fuerth is also represented in the federal state of Baden-Wuerttemberg, Hessen and Rhineland-Palatinate with the Nuremberg metropolitan region and the Munich area.
Friday, 20. April 2018
Patrizia acquires a 525-unit residential portfolio in Leipzig and Mainz

Patrizia acquires a 525-unit residential portfolio in Leipzig and Mainz

Patrizia Immobilien AG has acquired a residential portfolio with a projected total of 525 student and business apartments in Leipzig and Mainz for 53 million Euro on behalf of a separate account mandate from a large German pension fund. The three properties of the portfolio are located in stable macro and micro locations char...
Thursday, 19. April 2018

State of Baden-Württemberg rents GIEAG property in Stuttgart

The GIEAG Immobilien AG (GIEAG) has concluded a long-term rental agreement with the state of Baden-Württemberg from 1 June 2018 5,000 for all of the approx. 5,000 square meters of space in its office complex in Stuttgart. The estate agent for the rental agreement was E&G Real Estate.
Thursday, 19. April 2018
B&L Group celebrates topping-out ceremony for Oasis in Berlin

B&L Group celebrates topping-out ceremony for Oasis in Berlin

With the topping-out ceremony for the new building complex in Berlin-Mitte yesterday, Oasis Berlin has reached an important milestone. The residential district is being built on a plot of approx. 5,500 sqm directly located on the Spree. „The Oasis Berlin with its direct waterfront location and in the heart of the capital is a...
Thursday, 19. April 2018

State of Baden-Württemberg rents entire property in Stuttgart

Gieag Immobilien AG has concluded a long-term rental agreement with the state of Baden-Württemberg from1 June 2018 5,000 for all of the approx. 5,000 square meters of space in its office complex in Stuttgart. The state has rented the entire office complex on Neckartalstraße 13 and is thus the sole tenant in this Gieag propert...
Thursday, 19. April 2018

KanAm fund makes a purchase in the affluent Munich suburbs

KanAm Grund Group has bought a property for their new real estate fund for institutional investors in the commuter belt of Munich. The third property purchased for the „Fokus Süddeutschland Fonds“ is the TechPark Oberhaching in the southeast of the Bavarian metropolis.
Thursday, 19. April 2018

Deutsche Hypo achieves result of € 62.7 million

Following another successful financial year in 2017, Deutsche Hypothekenbank is reporting a result from normal operations of € 62.7 million (previous year: 115.0). Strong business development in the bank’s core business area, reflected in a stable earnings base and the very good risk result, was the main factor behind this po...
Thursday, 19. April 2018

Transaction volume of €661 million in the Q1 of 2018

A transaction volume of €661 million was registered on the German hotel market in the first quarter of the current year. The result has dropped 41 percent below the level of the previous year’s period. The downturn in the volume is mainly attributable to the size of the transactions and the focus on secondary locations. This ...
Thursday, 19. April 2018

Unibail-Rodamco priced a €2.0 bn dual-tranche hybrid transaction

Unibail-Rodamco priced its inaugural hybrid securities offering to finance a portion of the cash consideration in the Westfield acquisition at €2 bn. The securities involved include a €1,250 mn Deeply Subordinated Perpetual Non-Call 5.5 year hybrid security with a 2.125% coupon and a €750 mn Deeply Subordinated Perpetual Non-...
Wednesday, 18. April 2018

Adler to enter into a joint venture with Benson Elliot

Based on a letter of intent, Adler Real Estate AG will establish a joint venture with Benson Elliot Capital Management LLP with the sole purpose of disposing of its non-core-units. Subject to legally binding documentation, Adler intends to transfer the non-core units ear-marked for disposal with a gross asset value of circa €...
Wednesday, 18. April 2018

Patrizia acquires 525-unit resi portfolio for €53m

Patrizia Immobilien AG has acquired a residential portfolio with a projected total of 525 student and business apartments in Leipzig and Mainz for €53m. The three properties of the portfolio are located in stable macro and micro-locations characterised by a significant excess demand in a residential real estate.
Wednesday, 18. April 2018

DIC Asset records excellent result for its first scrip dividend

A large number of DIC Asset shareholders took advantage of the option to be paid their dividend in new shares, a choice offered to them for the first time. With a subscription price at €9.92 for each new share, and a subscription ratio of 15.5 to 1, the acceptance rate represented around 44 percent of the dividend-bearing sha...
Wednesday, 18. April 2018