TD News International Location: Cologne

Cologne: Tristan and Freo sell Barthonia Forum

29/05/2019 Episo3, a Europe fund advised by Tristan Capital Partners, and Freo have sold the “Kölnisch Quartier” formerly known as “Barthonia Forum” on Thebäerstraße in Ehrenfeld for about €220mn in several separate transactions. The lion’s share of the property went to the family office East Guardian, who was advised by Blue Asset Management, for an unknown [...]

Cologne: GAG Immobilien acquires residential building site

24/05/2019 GAG Immobilien has now acquired a municipal land plot at Siegburger Straße in Cologne. This, together with a previously purchased private property, provides land totaling around 7,300 sqm for the “Poller Damm” construction project. The company intends to build 89 publicly subsidized apartments and two facilities for residential groups. Plans call for a total living [...]

Cologne: Bauwens and Corpus Sireo building “Reiterstaffel Offices”

15/05/2019 To complete the Reiterstaffel Quartier, Bauwens Development and Corpus Sireo will erect the “Reiterstaffel Offices” in Köln-Marienburg. Marketing of the 11,780 sqm complex on Gaedestraße 7-9 started in early May. Savills will be advising the owners as lead broker and manage the marketing process. Completion of the property is anticipated in Q2 of 2021. Nearly [...]

Cologne: architect plans to move main station underground

13/05/2019 Cologne’s main railway station is to be moved underground to create space for a new urban quarter, according to designs by architect Paul Böhm. At an urban development forum held by Cologne’s Chamber of Industry and Commerce (IHK), Böhm and traffic planner Günter Harloff said that the railway station, located directly next to the cathedral, [...]

Cologne: LEG demolishes residential quarter and builds a new one twice the size

24/04/2019 LEG is investing about €80mn in building roughly 400 senior and family friendly apartments on Schlebuscher Weg in the Höhenhaus district. The existing buildings with around 200 residential units will be gradually demolished and replaced by new structures. LEG had contracted two Cologne-based urban planning and architecture firms to prepare feasibility studies for the conversion [...]

Real I.S. acquires business properties in Cologne and Düsseldorf

18/04/2019 Real I.S. has acquired two buildings in Cologne and Düsseldorf from the Pan European Urban Retail Fund (PURetail), co-sponsored by Aberdeen and La Française. The Cologne property, located on Mittelstraße 20-24, has 2,169 sqm of retail space, 878 sqm of office space, 556 sqm of residential space and 695 sqm of warehouse space. It was [...]

Cologne: Sparkasse leases 16,000 sqm from Landmarken

01/04/2019 The savings bank Sparkasse Köln-Bonn has leased 16,000 sqm office space in the planned Landmarken project “kite” on Butzweilerhof-Allee/Rudi-Conin-Straße in the “Butzweilerhof” commercial park in Ossendorf. Of the roughly 23,000 sqm total lettable space, 7,000 sqm are now still available. Larbig & Mortag brokered the deal. Construction of the office building designed by HPP Architekten [...]

Colliers: growth of residential business in North Rhine-Westphalia

21/03/2019 Colliers International has a new team dedicated to residential investment in North Rhine-Westphalia, with nine employees hired for the company’s Cologne and Düsseldorf offices since the beginning of the year. Team leader for the residential and commercial building division will be Niels Zavbi, MRICS, working together with Felix von Saucken, Head of Residential Germany. Zavbi, [...]

Captiva buys medical centers in Cologne and Rostock for €20mn

06/03/2019 Captiva has acquired a medical center on Böcking-Park in Cologne and a health center in Rostock-Südstadt. The two investments totaled about €20mn and were for the Captiva Gesundheitsimmobilien Deutschland 1 fund, which was launched in late 2017 and is now fully subscribed. The building in Cologne (Böckingstraße 54-56) was constructed in 1992 and modernized in 2017/18. [...]

Cologne: Two firms lease 5,000 sqm in Kranhaus Süd

20/02/2019 Nobel Biocare Deutschland and BASF Digital Farming have leased a total of 5,000 sqm office space in the Kranhaus Süd in Cologne’s Rheinau harbor district. Nobel Biocare signed a lease for nearly 2,000 sqm, BASF is leasing about 3,000 sqm office space. Colliers International advised both tenants exclusively on the lease and also supported them [...]