TD News International Location: Duesseldorf

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 [...]

Düsseldorf: Publishing group leases 2,000 sqm from Ashtrom

27/11/2018 The publishing group markt intern has signed a 15-year lease for 2,000 sqm office space in Düsseldorf’s “Redrocks” office complex. The lessor is Ashtrom Properties Germany acting as asset manager for the owner. The ensemble on Grafenberger Allee 337 in the Flingern-Nord district has 16,500 sqm. The spaces on the ground floor and on the [...]

Summit Germany buys gas stations and retail parks for €86mn

29/10/2018 Summit Germany is taking over a portfolio of eight multi service centers in Germany from developer Fortress Immobilien. The purchase price is €86mn including transaction costs. Annual rental income currently comes to roughly €5.8mn. Summit quotes the yield 6.75 %, and expects rental income to increase to €6.1mn over the coming years. Fortress Immobilien built [...]

Cofinimmo buys clinic near Düsseldorf for €22mn

24/10/2018 On 23 October, Belgian real estate firm Cofinimmo signed the purchase contract for a psychiatric clinic being developed in Kaarst near Düsseldorf. The investment volume is around €22mn, which according to Cofinimmo corresponds to a gross initial yield of roughly 6 %. The clinic will have about 7,800 sqm floor space for 70 beds and [...]

Aik invests €72mn in office portfolio from Kristensen

23/10/2018 Aik is taking over three office properties in Hamburg, Düsseldorf, and Stuttgart from a closed-end fund of Danish property investment firm Kristensen Partners I, represented by Kristensen Properties. Including technical measures, aik is investing about €71.7mn in the portfolio. The Düsseldorf property is an ensemble with 10,663 sqm in two building sections of eight stories [...]

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 [...]