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TD News International

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Frankfurt: Tishman Speyer buys “Bürohaus an den Alten Oper”

21/09/2018 Tishman Speyer has acquired the Frankfurt office building “Bürohaus an den Alten Oper” for its own newly-founded capital management company in Germany. Tishman Speyer Investment Management (TSIM) intends to launch and manage open-ended and closed-ended real estate spezialfonds. The purchase is being made via a spezial AIF for the Konzern Versicherungskammer. The seller is Mann [...]

Hamburg: Facebook leases 4,200 sqm in “Haus am Domplatz”

21/09/2018 Facebook is moving its German headquarters to another location within Hamburg. It has only been a tenant in the Allianz-owned “BrahmsQuartier” building on Caffamacherreihe since 2015, but the 2,000+ sqm in space is now no longer sufficient. Market insiders have now confirmed that the company has signed a lease for 4,200 sqm of office space [...]

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Munich: Biopharma company leases 5,300 sqm in “Bavaria Towers”

21/09/2018 Ipsen is to become a major tenant in Munich’s “Bavaria Towers”. Bayern Projekt and Zurich Insurance have announced that the French biopharmaceutical company has signed a lease for 5,300 sqm of lettable space in the complex’s Sky Tower, and will be using Munich as its headquarters for the DACH region. Other tenants to date include [...]

IW-Immobilienscout24 Index: boom to slowly level off

21/09/2018 The real estate index from the Cologne Institute for Economic Research (IW Köln) and the real estate online platform Immobilienscout24 has fallen again slightly in the 3rd quarter. The overall index for assessing the business situation fell 3.7 points to 85.7. The decline was noticeably strong in the office property segment with a 12.5 point [...]

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KanAm buys properties in London, Lyon and Antwerp for German pension fund

21/09/2018 KanAm Grund has purchased properties worth more than €130mn within a two month period for a new institutional real estate fund, thereby already reaching around half of the targeted investment volume. KanAm Grund European Cities, which was set up especially for a northern German pension fund, acquired office properties at 30 Moorgate in the City [...]

International Campus: founder Lieder to be chairman

21/09/2018 Horst Lieder will resign from his position as CEO of the International Campus Group and will serve as the Group’s chairman. The manager founded International Campus together with Rolf Engel in 2011 and has built approx. 11,000 student apartments since then. The resignation of Lieder is in relation to the Brookfield’s entry as the company’s [...]