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TD News International
17/08/2018 Commerz Real is experiencing serious difficulties with its plans for the Allianz site on Großer Burstah in the center of Hamburg. A company spokesman confirmed a report by the “Hamburger Abendblatt” stating that no general contractor has been signed because of increased building costs and price expectations. Negotiations with possible partners are ongoing, the spokesman [...]
17/08/2018 Quest Investment Partners has acquired the Hohenzollern in Frankfurt, originally built in 1910 as a hotel, from Gateway Real Estate as part of a share deal. The seven-story building is located on Düsseldorfer Straße 1-7 and has 7,200 sqm lettable space. It is Quest’s first investment in Frankfurt. The developer is planning to restore the [...]
17/08/2018 Lloyd Fonds is closing the book on closed funds and is turning into a listed asset manager. At yesterday’s general meeting, the new strategy “2019+” was adopted. Going forward, the firm will now launch mainly open-ended private funds, and is also reviewing sales from existing old funds. Lloyd Fonds is founding a separate capital management [...]
17/08/2018 Debt collection services provider Lowell Financial Services is consolidating its subsidiaries in Krefeld and Düsseldorf in the former LG Electronics building on Berliner Straße 91-101 in Ratingen. The firm has leased about 9,200 sqm for its move into the office park “Business in West”, which is to take place this fall. Currently, the companies Zyklop Inkasso and Tesch [...]
17/08/2018 Catalyst Capital has sold the 10,277 sqm, two-section office building on Heiliger Weg in downtown Dortmund for a Luxemburg fund. TD research found that the buildings are number 74/80. The ensemble was built in 2000 and has two insurance companies for anchor tenants (Allianz and Knappschaft); the WALT is nearly 5 years. The buyer is [...]
17/08/2018 Recently founded Diok RealEstate has appointed Arndt Krienen (51) to its supervisory board. Krienen has many years’ experience in listed real estate companies: He had been board chairman at Westgrund since 2000, and at Adler Real Estate until the end of last year. Diok, who intends to build a property portfolio worth up to €1bn [...]