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» Chronological View: " Germany " «

Transaction volumes reach 10-year high with strong outlook for 2018

According to Colliers International Deutschland, the German commercial investment market ended 2017 with a transaction volume of €57.3 billion, a 10-year record high. 2017 is the third consecutive year to post a total-year result of over €50 billion also beating out 2015’s recent high of €55.4 billion. The only hurdle missed ...
Wednesday, 10. January 2018
Blackstone and Quincap acquire Haus am Bundesrat in Berlin

Blackstone and Quincap acquire Haus am Bundesrat in Berlin

In July, Blackstone had set an exclamation mark with the purchase of the Axel Springer passage in the German capital. Now, the investor - together with Quincap Investment Partners - has acquired the Haus am Bundesrat (Leipziger Strasse 127-128) from the Carlton Group. The parties have agreed not to dicslosed the purchase pric...
Wednesday, 10. January 2018
Hines acquires core-plus asset in Stuttgart on behalf of Hines European Value Fund

Hines acquires core-plus asset in Stuttgart on behalf of Hines European Value Fund

Hines has completed the acquisition of „Stuttgarter Tor“, a complex consisting of three 100 percent leased office buildings and a fourth vacant obsolete building in Stuttgart, from a private seller. Hines' Stuttgart office advised HEVF on the acquisition of „Stuttgarter Tor“, which was notably the first acquisition for Hines'...
Wednesday, 10. January 2018

ASG Fund acquires fund platform Fairvesta

A fund managed by ActivumSG Capital Management Ltd. (ASG) has acquired Fairvesta Group, a fund platform for retail investors with approximately €800 million of managed assets. The parties have agreed not to disclose the purchase price.
Wednesday, 10. January 2018
Union Investment agrees extended lease at Bad Hersfeld logistics location

Union Investment agrees extended lease at Bad Hersfeld logistics location

Union Investment has extended the lease with Amazon for the 103,000 sq m Bad Hersfeld logistics facility by ten years, ahead of expiry. The logistics property has been part of the portfolio of institutional open-ended real estate fund UniInstitutional European Real Estate since 2009. In conjunction with the lease extension, t...
Tuesday, 9. January 2018

GIEAG signs agreement of 55,000 sqm with logistics group LGI in Erfurf

GIEAG Immobilien AG (GIEAG) has signed a long-term lease agreement for 55,500 square meters with with LGI Logistics Group International GmbH (LGI) in Erfurt. LGI Group has global operations and is taking over part of the European sales for Panasonic products as well as the existing distribution from the previous Panasonic log...
Tuesday, 9. January 2018

Staycity Aparthotels plans six new property openings for 2019-2020

Following a positive trading year and 12 months of significant growth Staycity Aparthotels has announced a further six new property openings for 2019-2020. Finance director Colm Whooley said that Staycity expects 2017 turnover to have grown by 25%, with strong profit margins remaining in line with that of previous years.
Tuesday, 9. January 2018

Sirius Real Estate completes acquisition of Krefeld Business Park

Sirius Real Estate has completed the acquisition of the „Europark Fichtenhain A 13 a-c“ in Krefeld for €9.2 million (including acquisition costs). Located in Krefeld, near Dusseldorf, the business park has been acquired at a 6.7% EPRA net initial yield. This is the third site that Sirius has acquired in Krefeld. This business...
Tuesday, 9. January 2018
New opening at Kaufpark Eiche: Redos and HLG win Decathlon as new anchor tenant

New opening at Kaufpark Eiche: Redos and HLG win Decathlon as new anchor tenant

Decathlon has opened a new branch at Kaufpark Eiche in Ahrensfelde near Berlin. Occupying retail space of ca. 2,500 m², the French manufacturer and retailer of sporting goods will offer a wide range of products and fitness equipment for activities including riding, angling, cycling, climbing and water sports, as well as outdo...
Tuesday, 9. January 2018

Hamburg logistics market unable to match strong result of the previous year

The Hamburg logistics market has been unable to match the strong result of the previous year. According to a recent analysis by the property consulting company Realogis, the northernmost of Germany’s top seven logistics markets is around 26 % below the level of the previous year’s stand-out result of 610,000 sqm, with take-up...
Tuesday, 9. January 2018

Greater Munich area sees volume growth of 21 %

According to an analysis by Realogis, all market participants in the Greater Munich area generated a letting volume of approximately 290,000 sqm of leased storage, logistics and production space in 2017. This equates to a growth of 21 % compared to the previous year (247,000 sqm) and is significantly higher than the average o...
Tuesday, 9. January 2018
TLG acquires an office property in Mannheim

TLG acquires an office property in Mannheim

TLG Immobilien has acquired another office property in line with its ongoing growth strategy. The company is investing a total of around €50.7 m in the transaction. The seller is ASG Acquico IX B.V. and the transaction was brokered by Colliers.
Monday, 8. January 2018

Inovalis REIT and TFI EU Property Income Fund buys „Arrows“

Inovalis REIT and TFI EU Property Income Fund have acquired the office building „Arrows“ in Neu-Isenburg shortly before year end. The lettable area of the DGNB Gold certified building is approx. 12,500 m². Main tenant of the long-term leased multi-tenant asset is the American manufacturer of electrical components Arrow Electr...
Monday, 8. January 2018

CLS Holdings sells in Peterborough and Hamburg

CLS Holdings has unconditionally exchanged contracts to sell three properties in Peterborough and Hamburg for a total consideration of £12.4 million (c. €14 million). Clifton House and 126-128 Park Road in Peterborough were sold to a private investor for £6.2 million (c. €7 million). The properties, which comprised 57,522 sq ...
Monday, 8. January 2018
CapitaLand acquires its first office building in Germany for €245 million

CapitaLand acquires its first office building in Germany for €245 million

End of December, US investor Och-Ziff Capital Management and German co-investor Finch Properties successfully sold the Main Airport Center (MAC). New investor is CapitaLand, who is expanding its commercial business beyond Asia by acquiring its first office building in Germany. The Group has acquired the freehold multi-tenant...
Monday, 8. January 2018

Harrison Street acquires six student housing properties from MPC Capital

Harrison Street Real Estate Capital has entered into a definitive agreement to acquire a portfolio of six student housing properties from MPC Capital AG. Harrison Street and MPC Capital will enter into a strategic joint venture partnership to invest in the portfolio and to invest in student accommodation going forward. The po...
Monday, 8. January 2018
First Hyatt Place Hotel in Germany opens directly at Frankfurt Airport

First Hyatt Place Hotel in Germany opens directly at Frankfurt Airport

In Gateway Gardens, the new district of the City of Frankfurt, the Hyatt Place Frankfurt Airport is today celebrating its inauguration. The first hotel of this brand in Germany is located in the heart of Gateway Gardens, next to the rapid transit station and the District Park. The hotel is directly linked to the terminals of ...
Friday, 5. January 2018