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» Chronological View: " Germany " «

Union Investment acquires office property in Granite Park campus in Dallas

Union Investment has acquired the Granite Park VII office property in Dallas. Completed in 2017, the building offers 30,000 sq meters of prime office space and is fully let on a long-term lease to US government sponsored entity, Fannie Mae. The vendor is Granite Properties, the developer of the Granite Park campus, which curr...
Wednesday, 17. October 2018

Berlin Hyp launches third Green Pfandbrief

Berlin Hyp's has launched a new Green Pfandbrief. Since debuting with the first Green Pfandbrief in 2015, Berlin Hyp has issued six green bonds with a total volume of €3 billion, half of them being green covered bonds and the other half being green senior unsecured bonds. That makes the bank the most active green bond issuer...
Tuesday, 16. October 2018

CLS Holdings to let 3,035 sqm at East Gate near Munich

CLS today announces two further lettings totalling 3,035 sqm (32,668 sq ft) at East Gate, Kapellenstrasse 12, Feldkirchen, Greater Munich, comprising 2,116 sqm of office space to a leading provider of automobile parts and 919 sqm to an established restauranteur who will operate the in-house restaurant.
Tuesday, 16. October 2018

Deutsche Asset One acquires €90m residential portfolios for Union Investment

Deutsche Asset One has acquired 750 apartments valued at around €90m for two separate account mandates from Union Investment. The apartments, located in Hamburg, Leipzig, Magdeburg and Saarbrücken, were traded predominantly as off-market transactions. Among the sellers were a number of German family offices. In the past 24 mo...
Tuesday, 16. October 2018

Pembroke announces office opening and new hires in Germany

Pembroke has announced the opening of a new Munich office, cementing its commitment to Germany, and bringing its office footprint to seven global locations. The company’s new office will be located in the Grade A, mixed-use Maximilianhöfe on Maximillianstrasse. Overseeing the new office will be Christian Bosiljanoff, who will...
Tuesday, 16. October 2018

TLG Immobilien presents Alexanderplatz project at the Baukollegium in Berlin

TLG Immobilien AG has presented its project on Alexanderstrasse 1, 3, 5 at the corner of Karl-Liebknecht-Strasse 30 on plots A9, A10 and A11 on outer Alexanderplatz based on a volume story to Baukollegium. The company is planning to construct three new buildings including two towers along Alexanderstrasse. In total, based on...
Tuesday, 16. October 2018

DEMIRE leases 1,700 sqm to Softline in the Gutenberggalerie in Leipzig

DEMIRE Deutsche Mittelstand Real Estate AG has rented approximately 1,700 m² of office space to Softline AG in the Gutenberggalerie in Leipzig. Softline AG is the parent company of the Softline Group. The company, which has been a tenant in the property since 2011, extended its lease ahead of schedule and rented around 300 m²...
Tuesday, 16. October 2018

InfraRed’s latest European real estate fund exceeds target to close on £522m

InfraRed Capital Partners has reached the final closing of its latest real estate fund, InfraRed Active Fund IV, with total equity commitments of £522m (c. US$690m), exceeding its £500m target. With the associated leverage envisaged for its strategy, Active Fund IV has an investment capacity of over £1.2bn (c.€1.36bn). The fu...
Monday, 15. October 2018

Principal acquires residential park for Care Invest I

Principal Real Estate Spezialfondsgesellschaft mbH, acting as fund manager of the Care Invest I fund, has acquired a residential park in Springe, near Hanover, Lower Saxony. Two of the 23 units were purchased from VIT GmbH, Bremen, the other 21 from Pro-Immo GmbH. The parties agreed not to disclose the purchase prices. The en...
Monday, 15. October 2018

Warburg-HIH Invest launches “Big 7” Fund as Evergreen

With its “Top 7 German Office Invest,” Warburg-HIH Invest launched a new real estate special AIF of unlimited term that is supposed to invest exclusively in office property in the German metropolises of Berlin, Munich, Frankfurt, Hamburg, Düsseldorf, Cologne and Stuttgart. The planned investment volume equals no less than 400...
Friday, 12. October 2018

Major deals drive retail investment market

Of the approximately €8 billion allocated to the German retail investment market in the first three quarters, around €4.1 billion was attributable solely to the third quarter. The investment volume in the first three quarters nevertheless declined by 11 percent in comparison with the dynamic year-earlier period. This is the c...
Friday, 12. October 2018

Acute lack of space in the German logistics sector

There isn’t a single logistics region in Germany which possesses both a vast amount of space and a high degree of labour force potential. Consequently, major logistics locations are facing noticeable challenges and the corresponding shortages which have arisen as a result. This was the conclusion drawn by a current study pres...
Friday, 12. October 2018

Invesco RE acquires first residential asset in Germany

Invesco Real Estate has acquired Mainwald, a 22.600 sqm residential complex in Germany from LBBW Immobilien Development GmbH. The forward funding development is the first residential asset the firm has acquired for its core pan-European flagship strategy. The newly-built, high-quality and energy efficient residential complex,...
Wednesday, 10. October 2018

Commerz Real acquires Dorint hotel An der Messe in Cologne for special fund

Commerz Real Kapitalverwaltungsgesellschaft (KVG) has purchased the Dorint Hotel An der Messe in Cologne for its “Commerz Real Institutional Hotel Fund”. The seller is Messehotel Köln GmbH & Co. KG; it was agreed that confidentiality be main-tained on the purchase price. The six-storey four-star hotel was completed in 2001 an...
Wednesday, 10. October 2018

Nursing care properties as capital investments

Germany's population is ageing. What used to be perceived more as a theoretical phenomenon has long since become reality: the proportion of elderly people among the total population is increasing and demand for appropriate care places already exceeds supply. According to Cushman & Wakefield's new report „Nursing Real Estate ...
Wednesday, 10. October 2018

Redevco appoints Marrit Laning and Thierry Cahierre as Fund Directors

Redevco has appointed Marrit Laning and Thierry Cahierre as Fund Directors for its rapidly expanding investment management business. Assets managed by Redevco on behalf of third-party investors jumped to 37% of the total portfolio of €7.4 billion, or nearly €2.7 billion compared to none five years ago. In parallel with the gr...
Wednesday, 10. October 2018

Warburg-HIH Invest acquires two office properties in Frankfurt for c. €400m

Warburg-HIH Invest Real Estate is acquiring two office buildings situated next to each other in Frankfurt’s European Quarter from property developer Aurelis Real Estate within the framework of a forward deal. Raised by Aurelis, the two properties are currently under construction in the immediate vicinity of the fairgrounds an...
Wednesday, 10. October 2018

Hammerbrooklyn Digital Campus: Campus of the Future is Being Built in Hamburg

The Hammerbrooklyn.DigitalCampus is being developed into a pioneer in the field of digital transformation and innovation. Starting from the beginning of 2019, corporations, startups and creative minds will aim at taking an active role in shaping the profound impact of the digital transformation on society and the economy.
Wednesday, 10. October 2018