TD News International Location: Duesseldorf

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 [...]

Düsseldorf: Friendsfactory leases 3,500 sqm

26/07/2018 Co-working provider Friendsfactory is opening its first location in Düsseldorf. Come October, the firm will offer 3,500 sqm of flexible office space and conference rooms on Fritz-Vomfelde-Straße 34-38. Plans include a lounge, a sports club, and a terrace. Friendsfactory has been part of the portfolio of rent24 since 2017, and operates offices in 25 locations [...]

Düsseldorf: Aberdeen buys residential project in Gerresheim

19/07/2018 Aberdeen Standard Investments has acquired a residential project in Düsseldorf for a Spezial-AIF. The seller is the consortium Tecklenburg. The project consists of 15 townhouses, two residential buildings with 28 units between them, and a commercial property. TD has learned that this is the “Quartier Heyestraße 179” in the Gerresheim district. Construction is scheduled to [...]

Former Lanxess property near Düsseldorf sold and leased again

13/07/2018 GHS Bürogebäude Langenfeld GmbH has sold the Tricom on Katzbergstraße 1 in Langenfeld near Düsseldorf to a German Spezialfonds. GHS Bürogebäude is part of Munich-based asset manager SHI Management. The property was built in 2005, and has about 10,650 sqm lettable space and roughly 300 parking spaces. Main tenant Lanxess had moved out in 2015. The building is currently fully [...]

Düsseldorf: Joint venture plans Holiday Inn on Moskauer Straße

11/07/2018 UBM Development Deutschland (formerly Münchner Grund) and Munich Hotel Projekt, a subsidiary of Lambert Immobilien, want to build a new hotel in Düsseldorf. The equal joint venture partners have acquired the 3,200 sqm development lot on the corner of Moskauer Straße and Erkrather Straße near Düsseldorf’s main station from the city. By the end of 2020, [...]

Düsseldorf: Interboden plans city quarter on prison site

09/07/2018 Interboden has received the contract for development of the northern part of “Ulmer Höh” in Düsseldorf-Derendorf. Over the coming years, nearly 300 apartments are to be built on the 33,000 sqm lot, formerly the site of a prison. At least 50 % of the residential development is to be subsidized, and 30 % of that [...]

Warburg fund sells “Ideenbotschaft” in Düsseldorf, plans further sales

03/07/2018 Warburg-HIH Invest Real Estate has sold the “Ideenbotschaft” ensemble in Düsseldorf to Patrizia. The office property, which was revitalized in 2008, is located on Roßstraße and has about 12,700 sqm lettable space and 127 parking spaces, and is fully let; its main user is the agency Grey. BNP Paribas Real Estate brokered the transaction. Warburg-HIH had [...]

Düsseldorf: McDermott Will & Emery leases 6,500 sqm in “Stadttor”

27/06/2018 McDermott Will & Emery has leased another 6,500 sqm office space in the landmarked “Stadttor” building in Düsseldorf’s Medienhafen. The law firm will now occupy the top three floors in addition to its existing space. The lease was negotiated back in Q1, making it the largest contract in Düsseldorf’s office lease market for that period. [...]