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TD News International

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Lease market for retail space up slightly

22/10/2018 The lease market for retail property is holding steady, according to figures compiled by JLL, and achieved a small plus at the end of Q3 with 121,700 sqm, slightly more than the two previous quarters. The nine-month total comes to 360,000 sqm with roughly 800 contracts (+5 %). The Big 10 are fighting their way [...]

CG Group about to finalize another sale in Offenbach

22/10/2018 CG Group has broken ground on the mega-project Kaiserlei-Quartier in Offenbach. The total project has a sales volume of roughly €409mn Euro. Part of it was already sold to pension fund Bayerische Versorgungskammer (BVK) for €218mn at the end of 2017. Before the end of this year, another large section will be sold to an institutional [...]

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The Grounds buys land for micro-apartments in Magdeburg

22/10/2018 The Grounds Real Estate Development has acquired a 2,740 sqm lot in Magdeburg’s Leipziger Straße district. The site is located on Halberstädter Straße 1 and will be home to 174 micro-apartments and about 5,070 sqm living space. Completion is anticipated for 2020 or 2021. The investment volume, The Grounds states, is about €16mn. The exit [...]

M7 launches new fund for Germany and Northern Europe

22/10/2018 M7 Real Estate is launching a new core plus to value add fund for Northern and Central Europe. CEO Richard Croft is anticipating a volume of €300mn to €400mn with €125mn in equity. The “Ereip V” will be acquiring office, light industrial, and retail properties. Apart from target countries Germany, the Netherlands, and Denmark, Croft [...]