TD News International Location: Bremen

VIB plans activity in northern Germany with Dutch partner

06/06/2019 VIB Vermögen is preparing a 50-50 joint venture to expand its project development business into northern Germany. Its cooperation partner is the Dutch developer WDP, which until now focused on the Benelux countries and has expressed interest in eastward expansion. The two companies have signed a letter of intent to examine joint logistics projects in [...]

Bremen: Goodman builds package distribution center for Amazon

03/06/2019 Goodman has bought a 38,000 sqm lot from the city of Bremen, which the firm intends to use to build a package distribution center for Amazon. The logistics complex is to be completed this fall. Amazon will employ more than 400 drivers to deliver the packages, which is why Goodman is also building a multi-story [...]

Bremen referendum: opposition to new 1,000 apartments successful

31/05/2019 Parallel to the state elections last weekend, the citizens of Bremen also voted in a referendum on the development of the local 36 hectare racetrack grounds. According to local media, the development’s opponents are clearly ahead with 55 %. The Senate of Bremen had plans for 1,000 apartments to be built on parts of the [...]

Bremen: Justus Grosse takes over housing construction in Europaquartier

06/05/2019 Gustav Zech Foundation is passing on a large portion of the Europaquartier project in Bremen’s Überseestadt shortly after taking it over: Justus Grosse Real Estate will be developing seven residential buildings with 210 privately financed apartments and another residential and retail building. Another roughly 120 subsidized apartments in two structures on Konsul-Smidt-Straße were sold to [...]

Bremen: Zech buys land for city center project

02/05/2019 German entrepreneur Kurt Zech has come one step further in his plan to create new retail locations in Bremen’s city center. The Bremen Senate has now approved the sale of the Mitte parking garage to the Gustav Zech Foundation. The agreement of sale is scheduled to be notarized on May 6. The purchase price is [...]

Bremen: Metro sells retail park to Corestate

12/04/2019 Metro Properties is selling the “EDU Einkaufspark Duckwitz” in Bremen to Corestate’s Opportunity Deutschland I fund. The former Real hypermarket is under Metro ownership since 2006; in 2011 a Hornbach DIY store was added; in 2015 the property underwent extensive revitalization measures. The retail park grew over several project phases to 45,000 sqm of lettable [...]

Bremen: Zech takes over Europa-Quartier

01/04/2019 The Gustav Zech foundation will be the end investor for the Europa-Quartier in Bremen. Zech has acquired 100% of the SPV for the project from developer Asset Firmengruppe. By 2023, 65,000 sqm GFA for 470 apartments, commercial space, restaurants and spaces for the creative scene are to be developed on the 35,600 sqm lot in [...]

Bremen: Hegemann gets lot on Kaffee-Quartier

26/03/2019 Hegemann Group has sealed a deal for a 12,131 sqm housing development lot between Am Kaffee-Quartier and Johann-Jacobs-Straße in Bremen’s Überseestadt. The economic development agency WFB Wirtschaftsförderung Bremen had tendered the lot last summer. Detlef Hegemann Immobilien Management GmbH is planning a residential complex with 60 townhouses, consisting of seven apartment types and 122 units as well [...]

Bremen: HanseMerkur fund buys “Office Center Überseestadt”

29/01/2019 HanseMerkur Grundvermögen has acquired the fully leased “Office Center Überseestadt” on Konsul-Smidt-Straße 21 in Bremen from the Gustav Zech foundation for its open ended real estate Spezialfonds. Zechbau is currently building the second phase of the structure, bringing the property to 22,000 sqm lettable space. The first phase including a parking garage was completed in August 2018; [...]

LIP buys Rewe cold storage near Bremen for €30mn

15/01/2019 Logistics specialist LIP Invest has acquired the sixth property for its open-ended Spezialfonds “Logistics Germany”: a new cold chain logistics center in Sottrum near Bremen. The investment volume is about €30mn. The structure with roughly 20,500 sqm hall space with zones conditioned to two, six, and 18 degrees, and 800 sqm office space are leased long-term to [...]