TD News International Location: Brunswick

LIP: First acquisition in Braunschweig for logistics investor

28/06/2018 LIP Invest has made a first acquisition in Braunschweig for its open-ended Spezialfonds. The company has announced that it has acquired a 36,000-sqm logistics warehouse from a Braunschweig company in an off-market transaction. The property was constructed in five building phases in 2006 and was let in its entirety to a wholesale and logistics group. [...]

Braunschweig: Business-Center III to be a high-rise

05/03/2018 The Business-Center III planned in Braunschweig’s BraWo-Park is to have up to 19 floors. At least that is the intention of Volksbank Braunschweig/Wolfsburg (BraWo), who has submitted a draft for the addition of more stories to the Business-Center III to the city. To date, the project-based zoning plan only calls for four stories. Volksbank had [...]

Aik buys residential and commercial buildings in Braunschweig

22/09/2017 Aik from Düsseldorf has acquired a building complex in Braunschweig’s city centre consisting of four residential and commercial buildings for a West German pension fund. The seller is a listed German real estate company. Angermann from Hamburg advised on the transaction. The four buildings on Friedrich-Wilhelm-Straße, built between 1900 and 1985, have a combined total [...]

Braunschweig: Development Partner buys shopping promenade for €90mn

08/09/2017 Development Partner has awarded design of the new “Burggasse” project in Braunschweig to the architecture firm Welp von Klitzing. According to the design plans, the covered Burgpassage will be replaced by four- to five-storey buildings with shops and apratments, each accessible from the ground floor, comprising about 6,500 sqm of sales area and 4,000 sqm [...]

Braunschweig: Green light for Staake project

25/08/2017 The Council of the City of Braunschweig has approved the development plan for “Hamburger Straße Südost”. This means that all planning requirements for the construction of the commercial part on the former site of the “Braunschweiger Zeitung” between Hamburger Straße and Mittelweg have been met. Here, Staake Investment from Braunschweig plans to construct retail and [...]

DC Values buys shopping centre in Braunschweig

22/05/2017 Real estate fund DCV Highstreet No.1 from DC Values has acquired the City-Point shopping centre in Braunschweig. Aberdeen had put the property with 15,000 sqm up for sale at the beginning of the year. Primark is one of the few tenants remaining in the building. “A sustainable retail building usage concept” is developed for the [...]

Industria funds buy three residential projects for €113mn

30/03/2017 Industria Wohnen closed three forward deals in Braunschweig, Mannheim, and Leipzig for a total of €113mn for its real estate funds over the past weeks. In Braunschweig, the firm acquired a project with 242 apartments on Hildesheimer Straße/Hermannstraße from developer Schmeing Bau of Bocholt for around €72mn in late 2016. This purchase was for the [...]

Braunschweig: BMO buys retail property on Kohlmarkt

16/02/2017 BMO Real Estate Partners has purchased a retail building in Braunschweig for the real estate Spezial AIF “Best Value Germany II” (BVG II). The property is centrally located near Kohlmarkt and is currently used by anchor tenant Brax. It consists of two sections and has 1,390 sqm lettable space. The purchase was supported by Jebens [...]

Braunschweig: VW buys 3.6-hectare area for data center

24/06/2016 Volkswagen Financial Services will expand its data processing capacity in Braunschweig and has acquired 3.6 ha of land in the industrial park Heinrich-der-Löwe-Kaserne. The seller of the site is Kanada Bau, who also developed the industrial area. The construction work for the new data center is scheduled to begin later this year. The financial services [...]

Development Partner buys Burgpassage in Braunschweig

27/10/2015 Development Partner has acquired the Burgpassage in downtown Braunschweig from Allianz Lebensversicherung. The commercial property opened in 1983 on a nearly 4,400 sqm site offers 5,400 sqm of retail and 1,000 sqm of office space. Anchor tenants in the property, parts of which are listed, are H&M, Peek & Cloppenburg, and dm-Drogeriemarkt. The company said [...]