TD News International Location: Berlin

WeWork expands with Berlin real estate team

15/02/2019 WeWork will be managing its expansion in Europe with a new real estate team based in Berlin. The “Real Estate Team Northern Europe and Central Eastern Europe” is being headed by Heiko Himme, who came to WeWork from Cushman & Wakefield at the end of last year. Also on the team are Michael Barth as [...]

Berlin: BNP Paribas REIM buys “Franklin Haus”

15/02/2019 The SSN Group, part of Consus Real Estate, has sold the “Franklin Haus” office project in Berlin’s Charlottenburg district to BNP Paribas REIM as part of a forward funding deal. The approx. 3,600 sqm site at Franklinstraße 26a will hold around 11,000 sqm of office rental space. The building’s design allows for flexible use as [...]

Berlin: Spaces moves into 6,500 sqm on Spittelmarkt

13/02/2019 Coworking provider Regus has leased roughly 6,500 sqm office space near Spittelmarkt in Berlin-Mitte for its Spaces concept. The rooms in “Spindlers Hof” on Wallstraße 9-13 are to open in early 2020. By then, the building will be completely modernized and fitted out for Spaces according to the latest standards, states Angermann, who brokered the [...]

Berlin: Signa sells Up! to DWS for €335mn

12/02/2019 Signa has sold the “Up!” near Berlin’s Ostbahnhof. The new owner, as TD learned, will be a fund of asset manager DWS. Market insiders are talking about a purchase price of €335mn. The department store on Koppenstraße was built in 1979. Signa is currently converting the building into an office and retail property. Zalando alone [...]

Berlin: Westbrook buys historic office building in Mitte from Bayer

11/02/2019 Westbrook Partners has purchased the office property Gerichtstraße 27 in Berlin-Mitte with 13,300 sqm lettable space. Seller of the landmarked structure built between 1910 and 1912 is a subsidiary of pharmaceuticals corporation Bayer. Tenants include Bayer themselves and IB Medical Academy Berlin. Westbrook intends to modernize the property and redesign the entrances and inner courtyard. [...]

HB Reavis starts in Germany with projects in Berlin and Dresden

11/02/2019 Slovakian developer and workspace provider HB Reavis has announced its first two projects in Germany. One is a site called “Alter Schlachthof” on Landsberger Allee 104 in Berlin. The 2 ha lot between Friedrichshain and Prenzlauer Berg will be the home of a commercial quarter for startups and corporations from the creative and tech sector. [...]

Berlin: Aerium and Highbrook buy office building in Friedrichshain

11/02/2019 Investment managers Aerium and Highbrook Investors have bought the former Steinbeis-Haus in Berlin-Friedrichshain. The six-story office building on Gürtelstraße 29a/30 has roughly 8,600 sqm floor space and 111 underground parking spaces. It was most recently used by the Steinbeis University. The building dates from 1994 and is currently vacant. Aerium states that it is now [...]

Berlin: Otto Wulff builds Ginn Hotel in Kreuzberg

06/02/2019 Gold Inn Group has announced another hotel for Berlin. A 121-room establishment of the Ginn City & Lounge brand is planned on Yorckstraße in Friedrichshain-Kreuzberg. The project will be implemented in cooperation with Malik Kücük of BBM Hotels GmbH, Gold Inn states. Otto Wulff Projektentwicklung is the developer and general contractor. The investment volume is [...]

Berlin: LBBW finances Potsdamer Platz with €1.1bn

04/02/2019 LBBW as sole underwriter is issuing a €1.1bn loan to Brookfield Properties for financing the Potsdamer Platz quarter. The financing is a replacement of a bank consortium and will also be used for repositioning measures for the retail spaces. Planning is underway, particularly for the Potsdamer Platz Arkaden. Construction is scheduled to start in early [...]

Berlin: Trockland foregoes land purchases near Checkpoint Charlie

04/02/2019 Berlin-based developer Trockland will not be buying the two controversial lots near Checkpoint Charlie in Berlin. The deadline for the purchase option passed on 31 January. The company decided “not to exercise the option due to uncertainty about the senate’s plans,” a Trockland spokesperson confirmed statements by Trockland Managing Director Yeheskel Nathaniel in a conversation with [...]