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TD News International

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Quo Vadis: “Interest turnaround receding further”

20/02/2019 The eagerly awaited interest turnaround in Germany will not happen this year. This was one of the messages the participants of the real estate congress Quo Vadis in Berlin took away from the first day of the event. “The interest turnaround is receding further into the future,” says Freiburg economist Lars Feld, member of the [...]

LaSalle increases Germany business by nearly a quarter to €1.18bn

20/02/2019 The German capital management arm of LaSalle Investment Management (LaSalle) increased its managed property assets in Germany by 23 % to €1.18bn last year. Investments in German property added up to €330mn, of which €169mn went into the purchase of the ElseBella office portfolio in Munich alone. Across Europe, the firm’s actively managed real estate [...]

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Hanover: Hamburg Trust buys Telekom office building

20/02/2019 Hamburg Trust has acquired the office building Gradestraße 18/20 in Hanover in an off-market deal. The purchase was for the open-ended Spezialfonds “HT Office Top 30 Invest”. The structure was built in 1994 and has 26,500 sqm lettable space, as well as 445 parking spaces. It is leased to Deutsche Telekom. This is the first acquisition [...]

Düsseldorf: Momeni buys Georg-Glock-Straße 14 and plans development

20/02/2019 Momeni has purchased the office tower Georg-Glock-Straße 14 in Düsseldorf from Fortuna S.à r.l., a special purpose vehicle managed via Luxembourg. The buyer was legally advised by Jebens Mensching LLP of Hamburg, honert + partner mbB of Munich advised the seller. The transaction was brokered by Anteon Immobilien Düsseldorf. The property is centrally located on [...]

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Peter Finkbeiner new CEO of Isaria

20/02/2019 The executive board of Isaria Wohnbau has appointed Peter Finkbeiner to be the company’s new CEO. Finkbeiner will assume the position as of 1 March, succeeding Jan-Christoph Düdden, who is leaving Isaria to join Hudson Advisors, a company affiliated with main shareholder Lone Star. “We are pleased that we were able to bring Peter Finkbeiner [...]

Cologne: Two firms lease 5,000 sqm in Kranhaus Süd

20/02/2019 Nobel Biocare Deutschland and BASF Digital Farming have leased a total of 5,000 sqm office space in the Kranhaus Süd in Cologne’s Rheinau harbor district. Nobel Biocare signed a lease for nearly 2,000 sqm, BASF is leasing about 3,000 sqm office space. Colliers International advised both tenants exclusively on the lease and also supported them [...]