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» Chronological View: " Germany " «

Alpha Industrial implements largest project development in years

Alpha Industrial implements largest project development in years

Alpha Industrial has concluded a long-term rental agreement with Robert Bosch GmbH for 40,000 sqm of newly constructed commercial space with an additional renewal option. The new business park is being constructed in Tamm (Ludwigsburg), a community in the Stuttgart region with good transport connections to the A81 motorway. A...
Tuesday, 16. January 2018

Mathias Dreyer strengthens institutional investor services at KanAm Grund

KanAm Grund Group has strengthened its institutional business segment with the recruitment of Mathias Dreyer. The 45-year-old banking specialist has become director in charge of the acquisition of investors and investor services, sales management for banks in Northern Germany and fund raising management at KanAm Grund Institu...
Tuesday, 16. January 2018
Union Investment acquires logistics property in Hanover

Union Investment acquires logistics property in Hanover

Union Investment has acquired a logistics property to the east of Hanover. Situated on Hägenstraße and let on long-term leases, the property consists of a new build and an existing unit and offers total rental space of 28,400 sq m. The new build was completed in summer 2017 and is let to Delticom, an online retailer of tyres,...
Tuesday, 16. January 2018

Provider for the storage of non-food merchandise leases at Dortmund Airport

A provider for the storage of non-food merchandise, supported by Realogis, has leased 24,000 sqm of storage space at Dortmund Airport at Steinbrinkstrasse 61 in Dortmund-Wickede. The hall is managed by Westfalia Immobilienverwaltung GmbH. The property is conveniently located with a good connection to the A40 motorway.
Monday, 15. January 2018

Patrizia acquires pre-let care home development in Bad Camberg

Patrizia Immobilien has completed the forward purchase of a fully-let care home development in Bad Camberg from a subsidiary of the K&S Group on behalf of ‘Patrizia Pflege-Invest Deutschland I’. The development, which is due to begin in early 2018 for completion in 2019, has been pre-let to Cura Sana, an experienced care home...
Monday, 15. January 2018

Meyer Bergman's third European Retail Real Estate Fund closes its capital-raising

Meyer Bergman has secured €816 million of equity commitments from international institutional investors for its third fund and associated co-investment vehicles at the final close of capital-raising. Meyer Bergman European Retail Partners III (MBERP III) held its final close with commitments from 15 international pension fund...
Monday, 15. January 2018
Strabag PFS recruits Christian Ziemer to expand Facility Services

Strabag PFS recruits Christian Ziemer to expand Facility Services

Strabag Property and Facility Services GmbH is expanding its sales activities in technical facility management. Christian Ziemer joined the “Facility Services Germany” department on 15 January. A valuable addition to the team, the 44-year-old civil and industrial engineer will be working in a dual leadership role with Torsten...
Monday, 15. January 2018

Cofinimmo acquires two nursing and care homes for €26.5 million

The Cofinimmo Group recently acquired a nursing and care home and signed an agreement for the acquisition of a second asset of this kind, which is under construction, for a total amount of €26.5 million. The group's investments and commitments in healthcare real estate now total €94.5 million in 2017.
Monday, 15. January 2018

Union Investment sets milestones for growth in its real estate business

Union Investment exploited the positive economic conditions in the real estate markets over the past year to develop its open-ended real estate fund portfolios through targeted acquisitions and sales totalling some €3.8 billion. Real estate fund assets actively managed by Union Investment rose over the course of the year from...
Monday, 15. January 2018

German Office Market: Impressive new record take-up

In 2017 the take-up of office space exceeded 4.3 million sqm in the eight main German locations Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich. The result not only beat the previous year's take-up by 16 %, but is also by far the best result ever recorded. This is revealed in the Office Market Repor...
Monday, 15. January 2018

Euromaster expands to location in Karlsruhe

Euromaster is expanding its presence in Germany. In a deal brokered by Realogis, Euromaster has concluded a medium-term lease for around 1,000 m² of hall space in the Grünwinkel commercial district in Karlsruhe. Euromaster will use the property unit for truck tyre service.
Friday, 12. January 2018

The journey continues: Investment turnover of €58.2bn

In 2017 around €58.2 bn was invested nationwide in commercial property. Due to a very strong final quarter, the previous year's very good turnover was improved once again by 11 %. This is revealed in the Investment Market Report 2018, which BNP Paribas Real Estate will publish at the beginning of February. The most important ...
Friday, 12. January 2018

German construction volume forecast: End of the new housing sector boom

The construction sector cycle will continue its upward course in the next two years according to the forecast of the German Institute for Economic Research (DIW Berlin), which makes its annual prognosis of construction volume on behalf of the Federal Ministry for the Environment (Bundesbauministerium, BMUB) and the Federal In...
Friday, 12. January 2018
Christoph Geissler becomes new CFO and CIO of CapitalBay

Christoph Geissler becomes new CFO and CIO of CapitalBay

Capital Bay GmbH has named Christoph Geissler as its Chief Financial Officer with effect from 1 January 2018. He will additionally assume the function of Chief Investment Officer. Geissler, who brings a legal background, previously served as Head of Real Estate Investment & Funds at WealthCap Kapitalverwaltungsgesellschaft mb...
Friday, 12. January 2018
Invesco RE acquires three European core office assets for €140 million

Invesco RE acquires three European core office assets for €140 million

Invesco Real Estate has acquired three Class-A office properties in Milan, Prague and Munich. The acquisitions with a total investment volume of €140 million were made on behalf of one of the firm’s long-standing German separate account clients, a south German pension fund. „All three assets are fitting perfectly into the agr...
Friday, 12. January 2018
Munich: Conren makes two deals at the start of the year

Munich: Conren makes two deals at the start of the year

Conren Land starts the year dynamically. The investor has sold an office property in Baierbrunner Strasse in Munich to a fund managed by Patrizia. At the same time, the investment company acquired an office property in the Thomas-Dehler-Strasse 18 through an asset deal.
Thursday, 11. January 2018