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TD News International

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Berlin: RFR buys lot across from Treptowers

17/07/2018 RFR has purchased the lots Stralauer Allee 15 and 16 in Berlin’s Osthafen district, as the company confirmed upon TD’s inquiry. The acquisition was finalized in June. The site near Elsenbrücke measures roughly 13,400 sqm and “a preliminary building permit for about 33,730 sqm GFA has been issued,” RFR further states. As TD also learned, [...]

Freo builds 80,000 sqm office and hotel space near Munich

17/07/2018 Freo has purchased a roughly 60,000 sqm lot on Landshuter Straße 28 in Unterschleißheim near Munich with the intention of developing 80,000 sqm GFA of high-end office and hotel space. The company signed the notarized agreement for the project called “Koryféum” with Office Plaza Unterschleißheim GbR in December 2017 and then hired the architecture firm Gewers Pudewill to prepare [...]

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Karl Dischinger the new main tenant in Greenfield logistics complex near Rastatt

17/07/2018 The logistics firm Karl Dischinger has leased about 25,000 sqm in the new logistics park built by Greenfield in Rheinmünster (Baden). The complex of roughly 45,000 sqm logistics and assembly space located on the site of “Baden-Airpark” near automotive industry hotspot Rastatt is now fully leased. Karl Dischinger will use the property for services for the [...]

Avison Young raises new capital for growth

17/07/2018 The Canadian fund manager Caisse de dépôt et placement du Québec (CDPQ) has invested CAD250mn (€160mn) in preferred shares in Avison Young. The real estate services firm  intends to use the proceeds for acquisitions and the recruitment of key professionals for positions within the company in order to increase its global presence. In Germany, Avison [...]

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Nuremberg: Alìtus and Pegasus buy assets for €60mn

17/07/2018 Alìtus Capital Partners of Erlangen has joined Pegasus Capital Partners, also of Erlangen, to purchase five buildings in Nuremberg’s Nordostpark. The assets included in the deal are Nordostpark 3-5 (5,800 sqm, built in 2007), 7-9 (5,500 sqm, 2008), 16 (4,500 sqm, 1999), 89-93 (9,200 sqm, 2002), and 17 (parking structure with 430 spaces, 2010). As TD [...]

State of Berlin exercises preemptive rights for office property purchase

17/07/2018 The state of Berlin is exercising its preemptive rights to buy an office building in Moabit. The property in question is Alt-Moabit 59-64, which has roughly 3,000 sqm and is currently leased to 22 commercial tenants. Upon inquiry, the state’s real estate company BIM stated that the property will be used for community purposes, but [...]