TD News International Location: Cologne

Cologne: Commerz Real buys Dorint Messe Hotel

09/10/2018 Commerz Real Kapitalverwaltungsgesellschaft (KVG), a subsidiary of Commerz Real, has acquired the Dorint Hotel “An der Messe” in Cologne-Deutz for its Commerz Real Institutional Hotel Fund. The seller is Messehotel Köln. The six-story, four star hotel on Deutz-Mülheimer Straße 22-24 directly adjacent to Cologne’s expo was completed in 2001. It has nearly 20,000 sqm lettable [...]

Cologne: Koreans buy former Lufthansa HQ in Deutz

09/10/2018 Hyundai Asset Management has acquired the former Lufthansa headquarters in Cologne-Deutz for a Korean investors club led by Mirae Asset Daewoo. The 20,414 sqm building on Deutz-Mülheimer Straße 20/Von-Gablenz-Straße 2-6 is leased long-term to the Institute for Federal Real Estate (Bima). The seller is M&G Real Estate. Hyundai was advised on this off-market transaction by [...]

Cologne: Althoff sells first “Urban Loft”

02/10/2018 Patrizia has acquired the hotel project “Urban Loft” of Althoff Group in Cologne. This became known in connection with the recent construction start for the new design brand. The location is the former Gaffel brewery site on Eigelstein 41. By 2020, a 212-room hotel will be built according to plans by Berlin interior designers Markus Hilzinger [...]

Cologne: Momeni and HanseMerkur buy Oppenheim headquarters

24/09/2018 Momeni Group and HanseMerkur Grundvermögen have acquired the three-building complex “Oppenheim Stammhaus” in downtown Cologne. Seller is Deutsche Bank. The office ensemble is located on Unter Sachsenhausen/Stolkgasse/Enggasse and Tunisstraße and has roughly 18,000 sqm. Main tenant is the private bank Sal. Oppenheim, who will be vacating its spaces in the medium term. The partners are planning [...]

Cologne: Rewe opens automated fulfillment center for online grocery orders

24/09/2018 Rewe has opened its first automated fulfillment center for online grocery orders on the Carlswerk site in Cologne-Niehl. The retail chain quotes the costs for the “Scarlet One” at around €80mn. The 17,000 sqm warehouse replaces the previous fulfillment center in Hürth, where deliveries were still packed manually. In Niehl, the products are now picked from [...]

Sephora to open large stores on the Zeil and Schildergasse

14/09/2018 The cosmetics brand Sephora is continuing its expansion in Germany by opening its own stores. TD has learned from market insiders that the chain has rented over 1,000 sqm in the Upper Zeil shopping center in Frankfurt, and 1,200 sqm at Schildergasse 49 in Cologne, formerly occupied by shoe retailer Roland Schuhe. JLL is said [...]

Cologne: Design Offices rents 13,000 sqm in I/D Cologne

07/09/2018 Art-Invest and Osmab celebrated the groundbreaking for the urban quarter “I/D Cologne” and announced Design Offices as key tenant. The coworking provider has signed a lease for 13,000 sqm of space, the largest lease agreement on the Cologne real estate market so far this year. Design Offices will be moving into a building located on [...]

AEW buys office building in Cologne’s Deutz district

30/08/2018 AEW is buying the office building at Siegburger Straße 229c in the Deutz district of Cologne from the Loancos Group for its AEW City Office Germany fund. According to AEW, the building, erected in 2008, has 8,600 sqm of modern office space and is practically fully let. The fund focuses on office properties with appreciation [...]

Cologne: ÄVWL is end investor for five office buildings in Gerling Quarter

03/08/2018 Quantum Immobilien Kapitalverwaltungsgesellschaft has acquired a section of the Gerling Quarter in Cologne for the pension fund Ärzteversorgung Westfalen-Lippe (ÄVWL). The acquisition involves the commercial section in the 1st building phase of the quarter, the purchase of which was arranged a year ago. The closing has now taken place. Proximus, Quantum’s partner in the purchase [...]

Cologne: BPD invests €87mn in new apartments in “Ehrenveedel”

30/07/2018 BPD has purchased the last two construction lots of the “Ehrenveedel” development on the former freight yard Cologne-Ehrenfeld from Aurelis, for the purpose of building about 220 apartments with 21,500 sqm GFA. As the company told TD upon inquiry, the expected investment volume is around €87mn. Construction on the lots in the center of the [...]