TD News International Location: Cologne

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 [...]

Cologne: DC buys SportScheck building on Schildergasse

13/02/2019 DC Values Investment Management of Hamburg has acquired the SportScheck retail building on Schildergasse 38-42 in Cologne for an institutional investor. After transfer of ownership, DC Values will take on the asset management for the property. The structure was built in 1992 and has 5,200 sqm lettable space. It was last modernized in 2018. Ralphhagedorn [...]

Cologne: Alcaro building 11,000 sqm for city logistics

30/01/2019 Alcaro Invest will be starting construction of an 11,000 sqm logistics facility in Cologne-Poll (Poll-Vingster-Straße 126-128) this year. The purchase of a 20,000 sqm vacant lot was brokered by Greif & Contzen. There is still a storage building from the 1970s on the site, which Alcaro intends to demolish in Q2. The new structure called “Log [...]

Cologne: Indigo sells commercial property to AEW

29/01/2019 AEW has bought the commercial building on Neumarkt 35-37 in Cologne for the Spezialfonds “AEW City Office Germany” from Indigo Invest. The structure was built in 1962 and revitalized in 2013 and 2018. It has 8,274 sqm lettable space with four upper floors occupied by office tenants, retail space on the ground floor, and two underground levels [...]

Cologne: Agnes Offices sold to aik fund

24/01/2019 Silver Cloud Invest has sold the “Agnes Offices” building, purchased two years ago, to a fund managed by aik. Loschelder Rechtsanwälte and BNP Paribas Real Estate advised the seller. The 5,700 sqm office property, located at Riehler Straße 33 in Cologne, was recently revitalized and is now fully let. Silver Cloud says that it has [...]