TD News International Location: Berlin

Berlin: RAG Foundation to acquire majority stake in Factory Works

16/08/2018 The RAG Foundation is set to become a landlord for coworking areas in Berlin. It aims to achieve a controlling majority in Factory Works, as stated in a communication from the Federal Cartel Office. Upon inquiry from TD, RAG confirmed that it was “in serious talks” with Udo Schloemer, founder and CEO of Factory Works. [...]

TLG profits from strong revaluations in Berlin

10/08/2018 TLG increased its rental revenue in H1 by 39.6% to €109.6mn and its FFO by 45.4% to €67.6mn. The company explains the significant increase as being from the takeover of WCM and other acquisitions. All in all, purchases totaling €143.3mn were agreed or closed during the reporting period, mainly in West German core markets. The [...]

Berlin: Bauwens to buy and build on Friedrichstraße

10/08/2018 Bauwens Development has acquired a residential and commercial building on Friedrichstraße in Berlin. This is to grow to around 6,000 sqm with potential for expansion and new construction. Upon inquiry, Bauwens responded that it intends to invest approx. €35mn in the property. The seller is a private individual. Bauwens declined to provide any further information [...]

Berlin: Talks regarding giant Siemens campus

09/08/2018 Siemens intends to build a future campus for €500–600mn. Its location has not yet been decided, but the technology conglomerate already has an initial concept involving a 900,000 sqm quarter with offices, research laboratories and high-tech production facilities as well as apartments, a hotel, a school, and retail shops. A company spokesman told TD that [...]

Berlin: Wealthcap sells “Das Schloss” to Deka

08/08/2018 Deka Immobilien has acquired the shopping center “Das Schloss” in Berlin-Steglitz. The seller is Wealthcap for the closed fund HFS Deutschland 10. Deka paid €255mn, TD has learned from a market insider, and is adding the asset to the open-ended private real estate fund Deka-ImmobilienEuropa. It was advised on the transaction by BNP Paribas Real [...]

Berlin: Blackstone and Quincap buy Pariser Platz 4a

06/08/2018 Blackstone and Quincap Investment Partners are buying the residential and commercial building Pariser Platz 4a/Unter den Linden 80 in Berlin-Mitte. The building near Brandenburg Gate, completed in 2001, offers roughly 8,500 sqm residential, office, and shop space, and 54 parking spaces. It is managed by Blackstone subsidiary Officefirst. The buyers were advised by CBRE, Hengeler [...]

Hines buys Zalando Campus in Berlin for €235mn

25/07/2018 Hines has acquired the future Zalando headquarters in Berlin-Friedrichshain for a Luxemburg real estate fund. The complex consists of two buildings totaling roughly 42,000 sqm on Valeska-Gert-Straße, which are completely leased to the mail-order retailer and are scheduled to be completed in Q4 of this year. The purchase price, TD learned, is €235mn. Hines is [...]

Four Parx is building speculative logistics space near Berlin

24/07/2018 Logistics developer Four Parx (formerly Nextparx) is planning a commercial and logistics complex in Dahlewitz, a district of Blankenfelde-Mahlow. The roughly 15,000 storage, 1,000 sqm office, and 2,500 sqm mezzanine space will be divisible into 2,500 sqm sections and are being developed speculatively. The builder is pursuing Gold DGNB certification. The hall will be 12 [...]

Berlin: BMO buys ensemble with Mosse Palais on Leipziger Platz

23/07/2018 BMO Real Estate Partners is acquiring the ensemble Leipziger Platz 14-16 in Berlin for the pension fund Hamburger Pensionskasse von 1905, TD can reveal. The complex consists of three buildings (including the former AvD headquarters and Mosse Palais) totaling 22,100 sqm office, shop, and living space, which were built in 1996, 2002, and 2015. Hansainvest [...]

Argon and GW-K to build quarter in Schönefeld for €100mn

19/07/2018 The Stuttgart developer Argon and the Berlin company GW-K Grundwert Konzept are planning a city quarter in Schönefeld near the capital city’s future airport. The quarter, on which about €100mn will be spent, will be built on a lot surrounding the community town hall on Hans-Grade-Allee, and will consist of around 330 apartments with 24.000 [...]