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TD News International

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Frankfurt: Nintendo leases 15,000 sqm in Niederrad

19/10/2018 The video game manufacturer Nintendo will be moving its European headquarters to a new location in Frankfurt’s Niederrad district in the summer of 2020, having leased 15,000 sqm on Goldsteinstraße in the city’s Goldstein quarter. The property is being developed by Lang & Cie. Colliers International acted as broker. Nintento’s European headquarters are currently in [...]

Office market: turnover in secondary markets increases, average rents rise by 16%

19/10/2018 Take-up on the 13 German office markets surveyed by the brokerage association Deutsche Immobilien Partner (DIP) totaled around 3.1 million sqm at the end of the third quarter. This is 8% lower than last year, but 13% higher than the long-term average. The trends from H1 continued, as take-up in Germany’s Big 7 markets fell [...]

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Düsseldorf: Commodus buys “MC²”

19/10/2018 TD has learned from market insiders that Commodus has acquired the office building “MC²” at Hansaallee 299 in Düsseldorf’s Heerdt district. The seller is Generali Real Estate. The purchase price is said to have been around €40mn, corresponding to a multiplier of nearly 18. The building complex, laid out in the shape of an H, [...]

Berlin: Commerz Real buys 232 microapartments in Friedrichshain

19/10/2018 Commerz Real has acquired a building project for student housing and apartments in Berlin-Friedrichshain for its Spezialfonds “CR Institutional Smart Living Fund”. The seller is the Berlin-based project developer Ansorg Development. Commerz Real is purchasing the property at Gürtelstraße 36 as a forward purchase in an asset deal. It is expected to be completed by [...]

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BNP buys logistics properties in Baden-Baden and Leipzig

19/10/2018 BNP Paribas REIM is purchasing the “Baden Airpark” at Karlsruhe/Baden-Baden Airport. The logistics complex has a total area of approx. 45,000 sqm, and consists of two warehouses which are fully let to three logistics companies. It was built by Greenfield Development. The property is being transferred to the ELF (Eurozone Logistics Fund) portfolio, which is [...]

Capital Bay plans takeovers in the micro-living sector

19/10/2018 Capital bay, after founding its new micro-living division, is developing its own brands for micro-living, studio living and nursing care. “Similar to an automobile manufacturer, we always create the same chassis and then develop an individual interior according to target groups and a corresponding operator strategy,” explained Capital Bay CEO George Salden in an interview [...]