TD News International Location: Düsseldorf

Düsseldorf: Barmer leases 13,600 sqm office space on left bank of Rhine

12/02/2019 Health insurer Barmer has leased 13,600 sqm office space in the “Albertusbogen” on Heerdter Lohweg 35 in Düsseldorf-Heerdt for 12 years. The company will consolidate its two Düsseldorf administrative offices at the new address in early May 2020. The property is owned by Alstria Office REIT-AG. The new lease earns annual rental income of €1.9mn. [...]

Düsseldorf: Godewind acquires Herzog-Terrassen for €140mn

25/01/2019 Godewind Immobilien is acquiring the Herzogterrassen office property in downtown Düsseldorf as an asset deal in an off-market transaction. The purchase price is €140mn, averaging around €2,513/sqm for the property’s 55,717 sqm of total lettable space. The property had belonged to Blackstone and had been managed by Officefirst. JLL advised the seller; the buyer was [...]

Pamera to focus on residential real estate – acquisitions in Potsdam and Düsseldorf

10/01/2019 Pamera Real Estate Partners’ real estate assets fell only slightly to around €500mn despite several sales in the first half of 2018. The multi-family office acquired a residential complex in Potsdam’s northern city center and a commercial property in Düsseldorf’s Golzheim district for a total of €28mn at the end of the year. The Potsdam [...]

Düsseldorf: Spaces leases 5,000 sqm near Kennedydamm

09/01/2019 Co-working provider Spaces has signed a long-term lease with Deka Immobilien for about 5,000 sqm in the “KWS 135” in Düsseldorf. Spaces will be opening its third co-working location in the state capital of North Rhine-Westphalia in early 2020. With this lease, the property on Kaiserswerther Straße 135 is now fully occupied. Savills advised the [...]

Düsseldorf: Beos buys “Rheinhöfe” industrial park

07/12/2018 Beos has acquired the “Rheinhöfe” industrial park in Düsseldorf for its closed-end real estate Spezial-AIF “Beos Value Investment Fund Germany I” (BVIFG). The seller is Epitec Gamma GmbH, which acquired the 38,700 sqm site of the former crane manufacturer Gottwald in 2008 and converted it into an industrial park. Located in the city’s Holthausen district, [...]

C&W opens office in Düsseldorf, Savills expands in Stuttgart

03/12/2018 Cushman & Wakefield (C&W) is opening a location in Düsseldorf, its sixth in Germany alongside offices in Berlin, Hamburg, Frankfurt, Munich and Leipzig, at the end of this year. As TD reported last August, the Düsseldorf location will be managed and set up by four former JLL employees: Luisa Rotthaus (director) and Martin Höfler, as [...]

Santander sells asset to Warburg-HIH and NIW

29/11/2018 Santander Private Real Estate Advisory & Management has sold four properties located in Düsseldorf, Hamburg, Oldenburg (Lower Saxony) and Ascheberg (Münsterland, North Rhine-Westphalia) to various buyers. The bank subsidiary was advised in the transaction exclusively by Colliers International. Warburg-HIH Invest Real Estate acquired the largest property, consisting of 4,800 sqm of lettable office space at [...]

KaDeWe owner Chirathivat confirms plans for Düsseldorf

26/11/2018 The “Carsch-Haus” in Düsseldorf and the Leiner furniture store on Mariahilfer Straße in Vienna will become department stores of the KaDeWe Group. Tos Chirathivat, the Thai majority owner of KaDeWe has now confirmed rumors to that effect in an interview with the “Handelsblatt”. To date, the Karstadt luxury segment includes the KaDeWe in Berlin, the Alsterhaus in Hamburg, and [...]

Düsseldorf: Cube invests €60mn in hotels and micro apartments

19/11/2018 Cube Real Estate is planning student apartments and two hotels with a total of roughly 19,300 sqm GFA in Düsseldorf-Flingern. The company has acquired a lot on Erkrather Straße 179-189 from Gold Tree Group, represented by Montano Asset Management, and lot number 191 from car repair shop Drösser. Plans by architecture firm HPP of Düsseldorf [...]

Düsseldorf: Langen to build 12,400 sqm of office space in “Quartier(n)”

30/10/2018 Langen Immobilienholding in Mönchengladbach has plans for the construction of an office building with 12,400 sqm office space, 1,500 sqm warehouse space and 330 parking spaces in the “Quartier(n)” site at Düsseldorf Airport. Aengevelt was exclusively commissioned with the letting of the project, named “Toniq”. The new construction will be built on a 13,000 sqm [...]