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Wiesbaden: State of Hesse rents 18,000 sqm in Becken project

21/08/2019 Becken Holding has acquired a 13,000 sqm property in Wiesbaden for its “Lincoln Offices II” project development. Construction will begin on a seven-story office building with 18,000 sqm of lettable space in Q1 2020. The new building will be fully let long-term to the State of Hesse, which intends to install several government offices there. [...]

Berlin: Deutsche Investment buys 286 apartments in Neukölln

21/08/2019 Deutsche Investment has acquired a residential complex with 286 apartments and two commercial units on 16,500 sqm of lettable space in Berlin’s Neukölln district. The seller is a private owner’s association. The property consists of six buildings and is located in the Britz neighborhood and within walking distance of the Hermannstraße subway and regional rail [...]

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Stuttgart: SDK lets its former headquarters to the state government office

21/08/2019 A major deal was recently closed on the Stuttgart office letting market: the Baden-Württemberg State Statistical Office will be moving into health insurance provider SDK’s former headquarters. An SDK spokesperson confirmed to TD that a lease has been signed to rent the entire building, located in the “Büropark at Bahnhof” office park on Raiffeisenplatz in [...]

Segro leases another 23,300 sqm of logistics space at Leipzig Airport

21/08/2019 Segro has pre-let 23,300 sqm of lettable space in its “Segro Logistics Park Leipzig Airport”, even before construction has started, to a company in the automotive sector. This company is doubling its existing space on the Eichenallee site in Kabelsketal, having already signed a lease for 23,310 sqm in November 2018. Construction work is scheduled [...]

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Investment market: IVD expects €300bn in 2020

21/08/2019 The transaction volume on the German residential and commercial real estate market rose to €272bn in 2018, according to a projection by the real estate association IVD based on real estate transfer tax revenue. This is around €18.2bn, or 7.1%, higher than in 2017, when revenue increased by 5.6% year-on-year to €253.8bn; in 2016 it [...]

S Immo adds commercial properties to Erfurt acquisitions

21/08/2019 The Vienna-based S Immo AG has purchased, in addition to residential buildings, its first office buildings in Erfurt this year. Its portfolio now includes the former Reichsbahndirektion building at Willy-Brandt-Platz and a Kingdom-of-Prussia-era gun factory building at Maximilian-Welsch-Straße. S Immo now owns a total of 33 properties in Erfurt with over 36,000 sqm of lettable [...]