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DIC Asset achieves full occupancy for Global Tower

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...
Thursday, 1. June 2023

New Panattoni Park to be built in the south of Berlin

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.
Wednesday, 31. May 2023

Five Quarters invests in nursing home in Schkeuditz

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.
Wednesday, 31. May 2023

Rutger Kaeding joins Heimstaden as Head of Corporate Finance

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.
Wednesday, 31. May 2023

Union Investment acquires Grand Palais in Heringsdorf

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.
Tuesday, 30. May 2023

Garbe buys conversion site in Gera

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.
Friday, 26. May 2023

Office property market pbbIX still on the slide

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...
Friday, 26. May 2023

pbb pays dividend of € 0.95 per share

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...
Friday, 26. May 2023

Hyatt to open 181-room luxury hotel in Frankfurt

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...
Friday, 26. May 2023

Peach Property General Meeting approves all agenda items

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...
Thursday, 25. May 2023

Garbe expands logistics park near Berlin

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...
Tuesday, 23. May 2023

CA Immo concludes Green Leases in Munich

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.
Tuesday, 23. May 2023

Panattoni develops business park near Kaiserslautern

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...
Tuesday, 23. May 2023

IntReal Increases AuA to €63.7bn in Q1 2023

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...
Tuesday, 23. May 2023