TD News International Location: Duesseldorf

Düsseldorf: CFI builds “Airport Office Six”

09/10/2018 CFI Concepte für Immobilien of Wiesbaden is developing a new office building on Klaus-Bungert-Straße 7 on Düsseldorf’s airport on behalf of an investor. The “Airport Office Six” will be built on a 4,401 sqm lot neighboring the two twin structures “Airport Office Four” and “Airport Office Four II”. The seven-story building has 9,163 sqm GFA. It [...]

Düsseldorf: Gentes develops “Quartier V24” for amount in the triple-digit millions

08/10/2018 Düsseldorf-based developer Gentes is planning a mixed quarter with 48,000 sqm floor space on Völklinger Straße 24 in Düsseldorf-Bilk. The “Quartier V24” will consist of a five-to-seven story structure and a 17-story high rise. 25,000 m² are earmarked for 250 apartments, 16,000 sqm for office use, and 7,000 sqm for commercial utilization like retail and [...]

Savills builds logistics team in Düsseldorf

26/09/2018 Savills is setting up a new logistics department (“Industrial Agency”) at its Düsseldorf office as of 1 October. Stefan Bendix (44) will be in charge of the unit and build the team. He had been working for JLL for the past twelve years, most recently as Associate Director, authorized representative, and deputy team leader for [...]

Düsseldorf: Engineering firm leases 3,100 sqm in “Global Gate”

17/09/2018 The engineering firm Schüßler-Plan has leased 3,100 sqm office space in the office ensemble “Global Gate” on Grafenberger Allee 293 in Düsseldorf-Flingern-Nord. The lessor is Corpus Sireo, who had acquired the property from Goldman Sachs in April as part of the “Artemis” portfolio. Schüßler-Plan, who is active across the nation, will give up its current [...]

Düsseldorf: Beos buys “Wahlerpark” in Rath

12/09/2018 Beos has acquired the “Wahlerpark” in Düsseldorf-Rath for the open-ended real estate Spezial-AIF “Corporate Real Estate Fund Germany III (CREFG III)”. The seller is open-ended real estate fund WestInvest InterSelect by Deka. The park located at Wahlerstraße 4-32 has total lettable space of about 34,000 sqm, of which 14,000 sqm are office and 20,000 sqm [...]

Düsseldorf: Floreat takes in over €65mn for “Parseval Square”

05/09/2018 London-based private equity investor Floreat Real Estate has sold the “Parseval Square” in Düsseldorf to a fund by Tristan Capital Partners for €65.4mn. Floreat had acquired the office building in May 2016 for less than half that price, about €31.8mn. The sale price, the firm states, corresponds to an IRR of over 50 %. The property with [...]

Düsseldorf: “Stadttor” goes to Westinvest

22/08/2018 The “Stadttor” building in Düsseldorf has been sold. As TD learned, the distinguished property in the Medienhafen district went to Deka fund Westinvest Immovalue. The contracts are signed; transfer of benefits and obligations is still pending. The seller is Corestate, or rather its subsidiary Hannover Leasing. Until recently, the state government of North Rhine-Westphalia was located here, [...]

Cushman & Wakefield recruits JLL personnel for its new Düsseldorf office

16/08/2018 JLL has announced in response to TD’s inquiry that two veteran members of the office letting team, including Luisa Rotthaus, are leaving the company at the end of the year. Martin Höfler, who like Rotthaus was part of the Essen launch team just over two years ago, is said to be also leaving, as are [...]

Segro expands commercial park in Düsseldorf

07/08/2018 Segro has begun the expansion of its “City Park Düsseldorf” in the Flingern Süd district (Fichtenstraße). In the 4th and 5th construction phases, more than 18,000 sqm lettable space are being added, so the commercial park will total over 50,000 sqm by Q2 of 2019. The spaces of the now started 4th construction phase (roughly 8,000 [...]

Düsseldorf: Intown buys RWI 4 for nearly €130mn

31/07/2018 Assetando has sold the property Völklinger Straße 4 in Düsseldorf. As TD learned, the buyer is Intown, the sale price is said to be just under €130mn. The complex also known as “RWI 4”, whose two striking silver towers are among the highest buildings in Düsseldorf, has 47,000 sqm floor space and was part of the [...]