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P3 closes buy of three German logistics properties

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....
Tuesday, 26. September 2023

AXA IM Alts launches The Stack in Munich

AXA IM Alts got planning consent and launched the construction of ‘The Stack,’ a c. 16,000 sqm timber hybrid office asset in the centre of Munich.
Friday, 22. September 2023

Water technology company to let 2,450 sqm in Mannheim

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.
Friday, 22. September 2023

The Grounds confirms forecast in difficult market environment

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.
Friday, 22. September 2023

Tishman Speyer acquires housing project in south-west Germany

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.
Friday, 22. September 2023

Picnic leases last-mile location in Wiesbaden

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.
Thursday, 21. September 2023

Swiss Life AM to build 30,000 sqm logistics center in Allgäu region

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.
Thursday, 21. September 2023

Optimum's GREF IV expands capital portfolio

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.
Wednesday, 20. September 2023

Trei Development pipeline comprises €1.9 billion

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.
Monday, 18. September 2023

Berlin Hyp extends CEO Sascha Klaus’ contract

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.
Friday, 15. September 2023

IHCL opens first European Taj in Frankfurt

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.
Friday, 15. September 2023

Verdion starts speculative urban logistics hub in Oberhausen

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.
Friday, 15. September 2023

Threestones Capitalpurchases Ginkgo portfolio from Huk-Coburg

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.
Friday, 15. September 2023

Quadoro Brunswick campus#4 fully let

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.
Friday, 15. September 2023

CA Immo lays foundation stone for Berlin Upbeat

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...
Tuesday, 12. September 2023