Germany

As part of a strategic partnership with Picnic GmbH, Garbe Industrial Real Estate GmbH is developing two new logistics properties for the online supermarket in Kaltenkirchen, north of Hamburg, and in Falkensee near Berlin.

Holger Lüth, Chief Financial Officer, is leaving the board of management of Domicil Real Estate AG with effect from 01.10.2022. The search for a successor has already begun; company founder and CEO Khaled Kaissar is assuming the tasks of the CFO on a provisional basis.

Lakeward sells its shares in the office building “P89 Berlin” to the long-time co-investor and project partner Udo Schloemer. The property, which was acquired in 2016, has been extensively renovated in recent years, developed into a modern, multifunctional office building and serves as work and creative space for smava GmbH. ...

After having acquired Log Plaza Kerpen 5 in 2020, LIP Invest acquires another logistics centre in Kerpen, Heisenbergstraße 19a, for the Logistics Fund IV. The seller is the property company Kerpen LPK 7 GmbH, a wholly owned subsidiary of Osmab Holding AG.

Daniel Schuldig, co-founder of the Berlin-based real estate development company Cresco Real Estate, has launched the investment and asset manager Cresco Real Estate Investments (CREI). The young company has already closed two transactions worth a total of €60 million as seed investments this year.

NAS Invest has acquired the Horizon Tower in the Frankfurt suburb of Eschborn in an off-market transaction for an undisclosed sum. The seller of the multi-tenant office complex is an investment fund managed by J.P. Morgan Asset Management.

Trei Real Estate has sold a portfolio of seven convenience centres, which the company manages on behalf of the Molento family office, to an institutional property fund from MEAG.

GIEAG has acquired a plot of land with an area of approx. 25,000 square metres in Kümmersbruck in the metropolitan region of Nuremberg. The plot is located in the Grubenäcker development area of the Theuern industrial estate, a district of the municipality of Kümmersbruck. The developer is planning the construction of a moder...

Quest Investment Partners has sold the commercial and residential building at Friedrich-Ebert-Anlage 54 in Frankfurt, originally acquired in November 2021, in an off-market transaction. The buyer is an international bank that intends to use the asset as its headquarters.

Last week, DIC Asset completed its comprehensive modernisation works at the “To Huus” retail property on Stresemannstrasse in the centre of the Rheydt district of Mönchengladbach. Formerly known as “Rheydt-Galerie” and held in DIC’s proprietary portfolio, the property extends over a total floor area of about 10,300 sqm and, f...

Allianz Real Estate, acting on behalf of several Allianz Group companies, has completed the forward purchase of MultiBusinessHub Mittelrhein, a prime logistics center in Polch, Germany. The asset has been sold by Lang & Cie. Industrial AG, a German developer of high-quality logistics facilities.

Die Süba AG entwickelt in Wiener Neustadt ein einzigartiges und innovatives Stadtquartier, das seit heute auch einen Namen hat: Maximilium am Stadtpark heißt das unmittelbar an den Stadtpark von Wiener Neustadt angrenzende Projekt, dessen Baubeginn für 2024 geplant ist.

Dr. Lars Vandrei has assumed responsibility for the Research unit at Berlin-based Catella Residential Investment Management GmbH (CRIM) to drive forward the company's growth strategy. The appointment is effective from 1 September.

AEW, one of the world's leading real estate investment and asset managers, announces the acquisition of the newly developed office building „The Run“ at Neumarkter Straße 75 in Munich, which is fully pre-let to the high-end fashion brand Bognar as its new German headquarters. The asset was acquired from real estate developer ...

IntReal Solutions, an IT service provider and subsidiary of third-party AIF manager IntReal, is significantly expanding its range of deliverables: Going forward, the company will offer holistic best practice advisory services to managers of real assets.

Irmgard Linker is the new Head of Finance & Accounting at NAS Invest. With this appointment, the investor and asset manager has brought on board a proven real estate expert who also brings extensive experience in the capital market environment and regulatory issues from her previous positions at listed and internationally act...

The Grounds Real Estate Development AG developed successfully in the first half of 2022 and significantly increased its earnings. This was based on growth in Group sales, which at € 21.4 million were more than four times higher than in the comparison period of the previous year (€ 4.9 million).

Aggregate’s Quartier Heidestrasse (“QH”) in Berlin has made further leasing successes. A subsidary of VW became the second-largest tenant with approximately 23,000 sqm of mostly office space. With 37,000 sqm, SAP remains the largest tenant of QH, where it is developing its Digital Campus with a focus on artificial intelligenc...