TD News International Location: Berlin

Berlin: Commerz Real buys 232 microapartments in Friedrichshain

19/10/2018 Commerz Real has acquired a building project for student housing and apartments in Berlin-Friedrichshain for its Spezialfonds “CR Institutional Smart Living Fund”. The seller is the Berlin-based project developer Ansorg Development. Commerz Real is purchasing the property at Gürtelstraße 36 as a forward purchase in an asset deal. It is expected to be completed by [...]

Berlin: Cells to build 20,000 sqm office property in Wedding

18/10/2018 The Cells Group is erecting an office and administration building in Berlin’s Wedding district. Around 20,000 sqm of speculative lettable space, distributed over up to 13 floors, is to be created on the approximately 6,500 sqm at Sellerstraße 17, along with 344 underground parking spaces. The investment volume is estimated at more than €70mn; the [...]

Berlin: TLG has first drafts for towers at Alexanderplatz

16/10/2018 TLG is now also presenting its plans for high rises on Berlin’s Alexanderplatz. A volume study by architecture firm Léonwohlhage was submitted to the construction committee, which calls for the elongated building section Alexanderstraße 1, 3, 5 / corner of Karl-Liebknecht-Straße 30 to be divided into three sections and a 130 m tower built at [...]

Berlin: REInvest buys “Brain Box” in Adlershof for €110mn

12/10/2018 REInvest Asset Management has acquired the “Brain Box Berlin” office project in Adlershof for an individual fund. This was announced by the Berlin-based Profi Partner AG, which is speculatively developing the complex at Eisenhutweg 120 together with BNS Real Estate with an investment volume of €110mn. The property has 24,000 sqm in usable floor space. [...]

LIP buys logistics properties in Berlin and near Bremen

08/10/2018 LIP Invest has acquired two logistics properties in Berlin and the Bremen region in off-market transactions for about €25mn. The roughly 10,000 sqm logistics asset south of Berlin is leased to a large listed company for ten years. In Achim near Bremen, LIP purchased a 12,000 sqm hall that is leased to Nagel Group. The seller [...]

Berlin: Rental buildings twice as expensive as in 2013

08/10/2018 Prices for rental apartment buildings in Berlin have more than doubled between 2013 and 2017. According to a study compiled by Bulwiengesa for Mähren AG, residential rentals currently cost €2,325/sqm. The increase for condominiums and commercial properties was less steep, but purchase prices are at a significantly higher level at about 3,700 €/sqm. “The high cost [...]

Heavy losses on the Berlin office market

05/10/2018 Turnover on the Berlin office market was significantly lower through the end of the 3rd quarter than in the previous year. Savills reports a decline of 17.9% to 642,500 sqm for the first nine months, while Angermann reports a 10% decline to 606,000 sqm and Cushman & Wakefield a 16% decline to 591,200 sqm. The [...]

Round Hill and Ivanhoé establish JV, acquire 360 apartments in Berlin

05/10/2018 Round Hill Capital and Ivanhoé Cambridge Partners have established a joint venture to acquire apartments in Berlin and the surrounding areas. The new partners have already started with the acquisition of nine buildings with 362 apartments for €75mn, and intend to buy both individual residential buildings and entire residential portfolios together in the future. €12bn [...]

Berlin: Caleus buys part of the “Aldo Rossi” quarter for GIC

04/10/2018 The Berlin investment firm Caleus Capital Investors has acquired a section of the Quartier Schützenstraße in Berlin for GIC, Singapore’s sovereign wealth fund. The seller is Tristan Capital Partners, with whom Caleus, as local asset manager and co-investor, had acquired the complex from a DG Anlage fund at the end of 2015. The transaction volume [...]

Berlin: Hypoport moves to 8,500 sqm in Europacity

27/09/2018 The financial services provider Hypoport is moving to another Berlin-Mitte address, having rented around 8,500 sqm of office space in the “My.B” project development near Berlin’s main rail station. The Heidestraße lease will start in the 4th quarter of 2019; BNP Paribas Real Estate advised for the transaction. CA Immo is landlord and developer of [...]