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» Chronological View: " Germany " «

ASG Fund acquires mixed use building in Halle

A fund run by ActivumSG Capital Management (ASG), a turnaround specialist in European real estate, has acquired a 22,000 square meter mixed-use building in key retail locations in the German city of Halle (Saxony-Anhalt). ActivumSG Fund V has acquired the Ritterhaus building on Halle’s pedestrianised Leipziger Strasse, from a...
Tuesday, 10. July 2018

RLI Investors achieves full letting of logistics property near Munich

RLI Investors (RLI) has let around 2,300 sq m of logistics space in the Westpark logistics and industrial park, in Sulzemoos near Munich, on a long-term lease. The logistics property, built in mid-2017, is part of the portfolio of the „RLI Logistics Fund - Germany I“#link(41080)#. It is now fully occupied.
Tuesday, 10. July 2018

HBC Signa Deal: non-binding and open ended

The Hudson's Bay Company (HBC) has publicly commented on the reports on a possible Kaufhof-Karstadt joint venture and made it clear that this is only a „non-binding letter of intent“ with Signa. While HBC does not generally comment publicly on market speculation or rumors, in light of recent media reports, HBC believes it is ...
Tuesday, 10. July 2018

Beos acquires Lloyd Industrial Park in Bremen for special funds

The Lloyd Industrial Park in Bremer Neustadt / Airport-Stadt will have a new owner from 01 August 2018: Beos AG acquired the approx. 133,000 sqm plot at Richard-Dunkel-Strasse 120 for its open real estate special AIF „ Beos Corporate Real Estate Fund Germany III “. The handover is planned within the next weeks. Developer of t...
Monday, 9. July 2018

Frasers acquires four German logistics warehouses from Segro

Frasers Property Europe (FPE) has completed its acquisition of four logistics facilities in Germany from five indirect subsidiaries of Segro European Logistics Partnership S.à r.l. This transaction reflects the further expansion by Frasers Property Europe of its European logistics and light industrial portfolio in Germany. On...
Monday, 9. July 2018

McDermott Will & Emery expands to 6,500 sqm in the Stadttor

The international law firm McDermott Will & Emery LLP extends and expands its office space in the Landmark Building „Stadttor“, located in Dusseldorfs Medienhafen. The company previously had been based in the same property on 2,400 sqm, but now occupies a total rental space of 6,500 sqm in the top three floors as part of the ...
Friday, 6. July 2018

GerchGroup plans to invest € 700 million in Nuernberger Quelle Areal

The standstill on the former Quelle Areal could finally have an end: The Gerchgroup takes over the area through several subsidiaries from ​​Sonae Sierra, which had taken over the existing inner-city property from the former distribution center of Quelle GmbH Germany in summer 2015 for € 16.8 million . Since the insolvency of ...
Friday, 6. July 2018

Vonovia controls 61.1% of Victoria Park

On 21 June 2018, Vonovia SE, through its wholly-owned subsidiary Deutsche Annington Acquisition Holding GmbH, announced the outcome of the recommended public cash offer to the shareholders of Victoria Park AB to tender all shares in Victoria Park to Vonovia Acquisition Holding. During the initial acceptance period, Victoria P...
Friday, 6. July 2018

Gieag makes further progress with „Gerlingen Work“ in Stuttgart

“Gerlingen Work” near Stuttgart and has received full planning permission. This means that Gieag is making progress with this project, which has a total volume in the significant double-digit million euro range. Completion is scheduled in two stages: The first section of construction is set to be completed in the third quarte...
Friday, 6. July 2018

Cushman & Wakefield cooperates with Workingwell

Cushman & Wakefield is now collaborating with the consulting company Workingwell in the fields of workplace strategy and change management, thereby comprehensively expanding its range of services. Using their joint consulting expertise, the companies develop modern workplace concepts that focus on the human factor and promote...
Friday, 6. July 2018

Wealthcap makes highest distribution in company’s history

In 2018 Wealthcap is planning to distribute approx. €735 million to its private clients. This is the biggest-ever distribution in the history of the company. The scheduled distributions amount to €145 million, with special distributions from sales and liquidations contributing some €590 million to the result. Thus, on average...
Friday, 6. July 2018

Christof Winkelmann remains on the board of Aareal Bank

The Supervisory Board of Aareal Bank AG resolved to extend the contract with Christof Winkelmann, and to re-appoint him as a member of the Management Board of Aareal Bank AG, with effect from 1 July 2019, for a term until 30 June 2024. Christof Winkelmann (43) has been a member of the Management Board since 1 July 2016; he is...
Thursday, 5. July 2018

Instone Real Estate concludes „Halle 17“ in Cologne

Instone Real Estate has completed its „Halle 17“ project in Cologne-Nippes according to plan. All 47 flats were sold to owner-occupiers and investors prior to completion and will be handed over to the new owners in the coming weeks. Beyond that, 77 underground parking spaces and three commercial units were constructed and sol...
Thursday, 5. July 2018

DIC Asset initiates its seventh open-ended special AIF

DIC Asset AG just launched its seventh open-ended special alternative investment fund (AIF). Named DIC Office Balance V, the new fund will invest in commercial real estate in German metro regions, and will thus continue the Office Balance series of DIC Asset AG. It is intended for institutional investors. The target investmen...
Wednesday, 4. July 2018

Alstria commissions Apleona with facility management of three office buildings

Apleona HSG Facility Management has taken on the technical and infrastructure facility management services for three office buildings of Alstria Office REIT-AG in Düsseldorf. The properties are the multi-tenant buildings Am Seestern 1, Immermannstrasse 40/Charlottenstrasse 100 and Kaistrasse 16-18, which have been in Alstria’...
Wednesday, 4. July 2018

Eyemaxx secures construction site for hotel in Berlin-Treptow

Eyemaxx Real Estate AG has secured an attractive construction site in Berlin to build a hotel. As a result the company has increased its project pipeline to €910 million. The hotel project offers around 260 rooms and will be created in Berlin-Treptow on a construction site of 3,854 square meters. The net usable area totals 5,...
Wednesday, 4. July 2018

Fattal Hotels sells Munich flagship to Invesco for €157m

The Fattal Hotels Group has sold the Leonardo Royal Hotel in Munich to Invesco Real Estate. The hotel operator owned the property since 2011. The purchase price for the 4-star hotel amounts to €157 million, around €25m above the last book value. At the same time, the Israeli hotel operator has signed a 30-year long-term lease...
Wednesday, 4. July 2018

Design Offices lets 5,600 sqm of office space in Cologne

In the past three years, only a few 1,000 sqm of space have been added to the already existing flexible office space in Cologne. In the current year, this will increase significantly, ensured by the company Design Offices with almost 10,000 sqm. In addition, the „New Work“ specialist has now officially announced the opening o...
Wednesday, 4. July 2018