TD News International Location: Duesseldorf

Düsseldorf: Spaces moving into “The Cradle”

25/07/2019 International Workplace Group (IWG) has leased 3,650 sqm office space in the project called “The Cradle” in Düsseldorf’s Medienhafen for a Spaces office center. The owner is Interboden. The plans for the city’s first wood hybrid building were drawn by HPP. The structure, which is to be built according to the cradle-to-cradle principle, has 7,200 [...]

Düsseldorf: Cells buys 9,900 sqm office building

23/07/2019 Cells Group has acquired the office property Fährstraße 1 near Düsseldorf’s Medienhafen for an international investor. The building has roughly 9,900 sqm lettable space and is leased long-term to Fresenius University and a Median clinic, among other tenants. The seller is a fund associated with Marathon MCAP Global Finance. Marathon was advised exclusively by Anteon [...]

Düsseldorf: Landmarken wins competition for swimming pool site

18/07/2019 Landmarken AG has won the investor competition for the site of the old indoor pool on Lütticher Straße in Düsseldorf-Niederkassel. The draft by Konrath und Wennemar Architekten und Ingenieure and RMP Stephan Lenzen envisions a quarter named “Gol: d Eck” with four buildings of up to eight floors each. 115 apartments plus some retail and restaurant space [...]

Düsseldorf: Patrizia buys Holiday Inn Express hotel Am Wehrhahn

17/07/2019 Dereco of Cologne has sold the Holiday Inn Express hotel Am Wehrhahn 78-80 in Düsseldorf-Pempelfort to Patrizia for one of that company’s German funds. The 5,600 sqm three-star establishment with 164 rooms opened in 2015 and is fully leased to Foremost Hospitality. The lease has a 20-year term. Over the next two years, the hotel will [...]

Düsseldorf: Hans Böckler Foundation leases 6,500 sqm in “Glockturm”

17/07/2019 Alstria Office Reit has issued a long-term lease for 6,500 sqm office space in the “Glockturm” building on Georg-Glock-Straße 18 in Düsseldorf’s Kennedydamm district. The tenant, as TD learned, is the Hans Böckler Foundation. Alstria had previously refurbished the former L’Oréal headquarters with a total of 10,800 sqm. With the signing of the new lease, the repositioning [...]

Düsseldorf: DWS buys three hotel projects for €157mn

22/05/2019 DWS has acquired the GBI development of three hotels near Düsseldorf’s main station for its “grundbesitz europa” fund. The purchase contract was signed in August of last year. The purchase price is €157.4mn, a spokesperson told TD upon inquiry. A total of 32,700 sqm are to be developed on the 1.7 ha site on Harkortstraße [...]

Düsseldorf: Kö-Galerie for sale for over €420mn

28/03/2019 Allianz is planning to sell the shopping and office complex Kö-Galerie in Düsseldorf, as TD found out from market insiders. The property on Königsallee with 20,000 sqm retail and 30,000 sqm office space plus a Ruby Hotel is said to be on the market for more than €420mn. Allianz had bought it five years ago for [...]

Düsseldorf: IKB sells HQ for €230mn

19/12/2018 Cells Property Investors has acquired the headquarters building of IKB Deutsche Industriebank in Düsseldorf together with an international investor. The seller of the office complex on Wilhelm-Bötzkes-Straße 1/Uerdinger Straße 88-92 is IKB Deutsche Industriebank itself, who will remain the main tenant. According to market insiders, the purchase price was roughly €230mn with a factor of 33. IKB [...]

Düsseldorf: Hannover Leasing buys new structure from Kölbl Kruse

11/12/2018 Hannover Leasing, part of the Corestate Group, has acquired the office building Moskauer Straße 18 in Düsseldorf-Oberbilk. The seller is Essen-based developer Kölbl Kruse, who is currently building the structure with total lettable space of roughly 12,100 sqm according to plans by renowned Düsseldorf architecture firm RKW Architektur +. The purchase price is just short of €55.5mn. [...]

Düsseldorf: NRW-Bank moving into 7,000 sqm in “Herzogterrassen”

10/12/2018 NRW-Bank has leased 7,000 sqm office space in the “Herzogterrassen” building in Düsseldorf-Friedrichstadt. The owner is Blackstone. The bank, currently located on Kavalleriestraße 22 and Ernst-Gnoß-Straße 25, needs additional space due to its growth over the past years, says Managing Board member Dietrich Suhlrie. In November 2019, more than 300 employees will be moving into [...]