TD News International Location: Berlin

Berlin: Aroundtown grabs Hotel Bristol on Kurfürstendamm

11/12/2018 Aroundtown has snagged the long-established Hotel Bristol on Berlin’s Kurfürstendamm. Wiesbaden district court approved the submitted insolvency plan for ownership of the former Kempinski house yesterday. The simultaneous bidding process for the time-honored hotel is thus called off. The price Aroundtown is paying for the hotel is not public knowledge. Purchase prices between €120mn and €150mn [...]

Berlin: Kleihues + Kleihues designs CA-Immo tower in Europacity

11/12/2018 Kleihues + Kleihues will be supplying the drafts for the high rise planned by CA Immo on Nordhafen in Berlin’s Europacity. The architecture firm has won the competition for the project; drafts by Schaltraum Architekten and Meixner Schlüter Wendt each took third place. The “Hochhaus am Nordhafen” will measure about 69 m in height and [...]

Eyemaxx and DIE sell Sonnenhöfe quarter near Berlin

10/12/2018 Eyemaxx Real Estate has finalized what it calls the largest project sale of its company history. The entire Sonnenhöfe development in Schönefeld near Berlin is going to a group of institutional investors advised by Collineo Asset Management in a forward deal. Eyemaxx is building the Sonnenhöfe in a joint venture with DIE Deutsche Immobilien Entwicklungs [...]

Berlin: Ardian buys Mitte “TeleCity” from J.P. Morgan

06/12/2018 The investment company Ardian has purchased the “TeleCity” office complex, located at Lützowstrasse 105-106 in Berlin’s Mitte district, the fourth acquisition for its Real Estate Europe Fund (AREEF) in Germany, together with an institutional co-investor. The seller is a fund managed by J.P. Morgan. The buyer was advised by Cushman & Wakefield, CBRE Preuss Valteq, [...]

Savills IM buys office complex Nubis in Berlin-Adlershof

05/12/2018 Savills IM is acquiring the new office building Nubis in the Adlershof technology park in Berlin for the “European Commercial Fund”. The seller is Project Immobilien Gewerbe AG. The office ensemble consists of three multi-tenant buildings totaling about 17,200 sqm lettable space. The first building is finished and already occupied; the other two are to [...]

Berlin: Signa wants to invest €900mn on Kurfürstendamm, building committee opposed

04/12/2018 Karstadt owner Signa presented its plans for development of the site on Kurfürstendamm 231 in Berlin yesterday. Different models with 120,000 to 180,000 sqm floor space were introduced. The investment volume is around €900mn. The current Karstadt building is to serve as a base for up to three high rises, as was reported last week. [...]

Berlin: Hamburg Team and Otto Wulff building 310 apartments

04/12/2018 A joint venture of Hamburg Team and Otto Wulff Bauunternehmung intends to build a housing complex with 310 rental and condominium units on the roughly 7,300 sqm lot on Quedlinburger Straße 10+12 in Berlin-Charlottenburg. The project also includes a 140 sqm child care center and about 90 underground parking spaces. In total, about 20,000 living space [...]

Berlin: Vonovia to build 600 new apartments in Reinickendorf

30/11/2018 Vonovia has plans to completely redesign the “Ziekowkiez” quarter in Berlin’s Reinickendorf district. The real estate company intends to construct between 500 and 600 new apartments as well as modernize 1,100 apartments from the 1950s, according to a joint press release with the district. Plans also include the construction of a day care center, improvements [...]

Treucon and Kondor Wessels build residential complex near Berlin

29/11/2018 The foundation stone has been laid for 126 apartments in Blankenfelde-Mahlow, on the southern outskirts of Berlin. The investor is a Swiss family office. The nine multiple-family dwellings will be built by Treucon and Kondor Wessels. About 7,700 sqm of living space and 126 outdoor parking spaces will be created on the 10,467 sqm property, [...]

Berlin: Caleus sells TechnoCampus in Spandau

28/11/2018 Caleus Capital appears to be on the verge of selling the TechnoCampus in Spandau’s Siemensstadt, as is revealed by an entry with the Federal Cartel Office. The entry lists the companies Pan Eu­ro­pean Va­lue Ad­ded Ven­ture II S.C.A. of Luxembourg and Ha­rel Ins­uran­ce Com­pa­ny Ltd. of Israel as potential buyers. Upon inquiry, Caleus only stated [...]