TD News International Location: Dortmund

Dortmund: Cording buys Deutsche Bank building on Hiltropwall

01/08/2019 Cording Real Estate has acquired the office complex Hiltropwall 16 in Dortmund in a club deal. The seller is Deutsche Bank PGK AG, who sold the property in line with its 2017 real estate strategy. Built in 1993, the property on Cityring has 25,000 sqm and 376 parking spaces. The bank, which has been occupying [...]

Dortmund: Instone and Immowerk develop former Siemens site

17/12/2018 Instone has acquired the vacant former office building of Siemens-Nixdorf in Dortmund’s Gartenstadt (Max-Eyth-Straße 2) and intends to build a new quarter with about 30,000 sqm GFA on the site, most of which will be apartments. The seller is Frankfurt-based Immowerk, who bought the roughly 17,200 sqm lot from Alstria last year and will remain [...]

Segro develops 59 ha site with Hagedorn

23/10/2018 Hagedorn Group and logistics developer Segro have formed a joint venture for the development of former coal-fired power plant Knepper between Dortmund and Castrop-Rauxel. Hagedorn had bought the 59 ha site from Uniper and Eon last year. Demolition started this summer. Hagedorn and Segro now intend to prepare the land for construction and develop a utilization concept. [...]

Dortmund: “Stiftsforum” on Phoenix See makes way for new offices

17/09/2018 Dortmund-based investor DIAG Verwaltungsgesellschaft is planning a new office building on Phoenix See in Dortmund. To make room for the planned development with 17,000 sqm floor space, the corner building of the “Stiftsforum” on the site of the former Stifts brewery, located on the corner of Faßstraße and Rudolf-Platte-Weg, will be demolished sometime in 2019. [...]

Union Investment/ZBI residential fund buys 750 apartments

06/09/2018 The open-ended mutual real estate fund UniImmo: Wohnen ZBI has acquired approx. 750 apartments in the last three months for €82.3mn, most of them acquired in three portfolio transactions. The largest deal was a portfolio with 380 apartments, predominantly in Hanover. The fund also acquired a package with over 150 apartments on Wiener Straße near [...]

Dortmund: New investor for Phoenix West

27/08/2018 Dutch-Canadian developer World of Walas intends to purchase the substation and the furnace building on Phoenix West with the intention of developing an innovation and technology center on the roughly 56,200 sqm site. Initially, plans include a round office building on the court in front of the furnaces, followed by the conversion of substation 101 [...]

Woolworth builds new headquarters in Unna

24/08/2018 Woolworth has acquired an 18.2 hectare property in the Unna/Kamen inter-municipal industrial park near Dortmund for a new company headquarters and logistics center. The seller is the economic development council (WFG) for the district. The new Woolworth headquarters is to be a five-story building with more than 15,000 sqm GFA for 650 employees. It is [...]

Dortmund: Catalyst sells insurance buildings

17/08/2018 Catalyst Capital has sold the 10,277 sqm, two-section office building on Heiliger Weg in downtown Dortmund for a Luxemburg fund. TD research found that the buildings are number 74/80. The ensemble was built in 2000 and has two insurance companies for anchor tenants (Allianz and Knappschaft); the WALT is nearly 5 years. The buyer is [...]

Headstream and Anter focus on hotel acquisitions

18/07/2018 Headstream Capital of Frankfurt, who had previously focused its opportunistic real estate investments on residential and office properties, is now also looking at hotels. Together with Anter Group of Dortmund, the firm has acquired five establishments with a total of 600 rooms for an amount in the high double-digit millions. The package consists of the Achat [...]

Dortmund: Ten Brinke builds 500 student apartments near “U”

16/07/2018 Ten Brinke is developing 500 student apartments near the “Dortmunder U” on the north-western edge of the city center. Plans were provided by SSP Architekten of Bochum, who were the first choice in the selection process. The drafts envision a building with about 20,000 sqm above-ground GFA and an underground garage with 174 parking spaces [...]