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Deutsche Wohnen built and renovated more in 2018

26/03/2019 Deutsche Wohnen has increased its FFO1 by 10.9 % to €479.4mn this past year. While earnings from housing management increased by 7.1 % to €656.2mn, earnings from care facilities and assisted living grew by 15.2 % to €55.3mn. Apartment sales were less significant than last year (1,970 units for €180mn after 2,850 units for €309mn). [...]

Beos fund takes over Hauptgüterbahnhof in Hanover

26/03/2019 Beos is acquiring the Hauptgüterbahnhof in Hanover for its open-ended real estate Spezial-AIF “Beos Corporate Real Estate Fund Germany III”. The seller, Aurelis Real Estate, has partially demolished and modernized the property since 2017. The 19,000 sqm lettable space on the former freight yard on Weidendamm 2 are currently 88 % leased. The Hauptgüterbahnhof complex [...]

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Bremen: Hegemann gets lot on Kaffee-Quartier

26/03/2019 Hegemann Group has sealed a deal for a 12,131 sqm housing development lot between Am Kaffee-Quartier and Johann-Jacobs-Straße in Bremen’s Überseestadt. The economic development agency WFB Wirtschaftsförderung Bremen had tendered the lot last summer. Detlef Hegemann Immobilien Management GmbH is planning a residential complex with 60 townhouses, consisting of seven apartment types and 122 units as well [...]

Koblenz: Office complex “Center of Motion” grows by 7,000 sqm

26/03/2019 Swiss real estate firm Sadaf Immobilien AG will be expanding its office complex “Center of Motion” in the commercial park Metternich II (Im Metternicher Feld) in Koblenz starting in April. Sadef has contracted BBF Real Estate of Boppard with the construction, marketing, and later management of a 7,000 sqm building. To date, 65 % of [...]

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Ikea stops construction plans in Memmingen

26/03/2019 Ikea will not be opening a furniture store with retail park in Memmingen (Allgäu). “It was determined last year that we will not be planning any new standard furniture stores in Germany. In the past months, we have therefore looked into the possibility of developing a more flexible model at the Memmingen location,” a statement [...]

Freiburg shopping center “ZO” nearly fully leased

26/03/2019 KiK is a new tenant in the shopping center “ZO – Zentrum Oberwiehre” in Freiburg. The apparel discounter has signed a long-term lease for a 665 sqm space on the upper floor, center manager HIH states. McPaper, Tchibo, Deichmann, and a number of medical practices and offices have recently extended their leases at the ZO. [...]