TD News International Location: Dresden

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 [...]

Corpus Sireo buys Florentinum in Dresden

01/08/2018 Corpus Sireo has acquired the housing and commercial complex “Florentinum” in the center of Dresden for the real estate portfolio of Swiss Life Asset Managers. The building on Prager Straße 10 has nearly 13,000 sqm retail, 3,200 sqm office, and about 2,800 sqm residential space, as well as 107 parking spaces, and was last refurbished [...]

TLG and City of Dresden sign new lease for 18,000 sqm

29/06/2018 Saxony’s administrative offices will remain in the former Robotron building at Grunaer Straße 2 at St. Petersburger Straße 9 in Dresden. The previous lease, for approx. 16,000 sqm of office space, was to expire in the summer of 2019, and has been replaced by a new contract for 18,000 sqm which runs from July 1st [...]

HB Reavis: first German project with 40,000 sqm in Dresden

29/06/2018 The Slovak real estate developer HB Reavis is launching its German activity in Dresden. The company has acquired a 1.6-hectare site in the southwest part of the city where it plans to build an office property with at least 40,000 sqm of UFA. HB Reavis expects work to start in about 24 months and take [...]

Kanam’s LCI fund buys Dresden’s “Kugelhaus”

16/05/2018 Kanam has acquired the glass “Kugelhaus” in Dresden for its open-ended real estate mutual fund Leading Cities Invest (LCI). The building, located on Wiener Platz directly across from the main station, was constructed in 2005 and recently upgraded. It holds approx. 5,000 sqm of lettable space distributed over four floors and an underground level. Primary [...]

BMO buys Revitalis project in Dresden

20/03/2018 Revitalis Real Estate has sold the southern section of its development on Dresden’s Altmarkt to BMO Real Estate Partners Deutschland. With this forward deal, the Munich-based firm is acquiring 76 rental apartments with 5,600 sqm, a commercial space with 125 sqm, and 46 underground parking spaces for their Spezial-AIF “Best Value Wohnen I”. Construction is [...]

Swiss Life buys office and commercial building in Dresden

17/01/2018 Swiss Life Asset Managers has purchased an office and commercial building in Dresden-Johannstadt. The structure is located on Fetscherplatz (corner of Nicolaistraße and Fetscherstraße) and has about 8,000 sqm, which are fully leased to a tax consultancy, the University of Dresden, the insurance group Versicherungskammer Bayern, as well as some physicians and the dm drugstore [...]

Deutsche Wohnen buys housing development in Dresden

16/01/2018 Deutsche Wohnen has acquired a €150mn residential development in the center of Dresden. The project includes around 48,000 sqm GFA with 500 apartments, which are to be built starting this year on a roughly 17,000 sqm lot on Schützenplatz/Könneritzstraße. The sellers are Optima-Aegidius and Christoph Dross, who stated in a release that the decision to [...]

Axa buys Dresden residential project for €100mn

28/11/2017 Axa Investment Managers has acquired an urban residential development in Dresden for about €100mn. The project on a site called “Güntzareal” in the Johannstadt district will include 350 residential units, of which 137 will be furnished micro-apartments, as well as retail and commercial areas. The project is scheduled to be completed by 2020. Developer ZBI [...]

Arsago sells 390 Dresden apartments to Deutsche Wohnen

19/10/2017 Arsago Real Estate has sold 389 apartments and 48 retail units in Dresen to Deutsche Wohnen as part of an asset deal. According to a report, the 19 properties are located in good to very good urban locations ad comprise 31,331 sqm of space. Arsago had bought the properties individually. The sale enabled “a clear [...]