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TD News International

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Former Lanxess property near Düsseldorf sold and leased again

13/07/2018 GHS Bürogebäude Langenfeld GmbH has sold the Tricom on Katzbergstraße 1 in Langenfeld near Düsseldorf to a German Spezialfonds. GHS Bürogebäude is part of Munich-based asset manager SHI Management. The property was built in 2005, and has about 10,650 sqm lettable space and roughly 300 parking spaces. Main tenant Lanxess had moved out in 2015. The building is currently fully [...]

W2 Development plans office complex in Sindelfingen

13/07/2018 Stuttgart-based developer W2 Development is planning an office complex and parking garage with a total of 84,000 sqm GFA on a 1.8 ha lot between Mahdentalstraße and Schwertstraße in Sindelfingen, which it bought in early 2018. The project entitled “Goldbach Campus” will be realized in two phases. Construction of a seven-story office building with 20,000 sqm GFA is [...]

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Phoenix develops the “Neues Forum Herten” with more than 20,000 sqm lettable space

13/07/2018 Phoenix Development is planning its center in Herten with more than 20,000 sqm lettable space. The city council gave the green light for the project this week, the developer reports. Phoenix bought the existing building last December and is receiving consolidation lots from the city. Tenants who are still in Herten are to be housed in the [...]

Berlin: Leibniz-Kolonnaden sold to Blackstone and Quincap

13/07/2018 Blackstone and Quincap are buying the Leibniz-Kolonnaden in Berlin. The mixed-use property in City West has a total floor space of 14,500 sqm. The purchase price is in the upper double-digit millions, as TD learned from market insiders, with a factor of just under 31. After the purchases of Leipziger Straße 127-128 in Berlin in December 2017 [...]

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Berlin: Pandion spends €150mn on construction in Kreuzberg

13/07/2018 Cologne-based developer Pandion plans to invest about €150mn in the development of two lots in Berlin-Kreuzberg acquired early this year. The sites on Prinzenstraße 34 und 89/90, currently used by car rental company Robben & Wientjes, will be home to a new quarter with offices, retail, restaurants, and other commercial spaces. In the first phase, [...]

Berlin: Covivio tower near Alexanderplatz will cost €450mn

13/07/2018 The architecture firms Sauerbruch Hutton (Berlin) and Diener & Diener (Basel) have made it to the final round of the competition for the design of the first of two planned high-rises near Berlin’s Alexanderplatz, as developer Covivio (formerly Immeo/Foncière des Régions) has announced. The volume of the 70,000 sqm section of the project is quoted at [...]