TD News International Location: Düsseldorf

Düsseldorf: Pandion takes over €307mn project from Officefirst

17/06/2019 Pandion has acquired a 18,400 sqm lot on Völklinger Straße in Düsseldorf-Unterbilk near the Medienhafen. Plans for the site of the former Siemens headquarters call for 12,000 sqm living and 35,000 sqm office space to be developed. The project was originally planned by Officefirst, but the Blackstone subsidiary had decided to sell instead. A finalized [...]

Düsseldorf: WPP rents 36,800 sqm office space in “Mizal”

07/06/2019 Codic Development is letting its Düsseldorf project “Mizal” in its entirety to one tenant: the communications service provider WPP Germany has signed a 15-year lease for 36,800 sqm of office space. Both parties were advised by JLL. According to the plans of the Düsseldorf firm Eller + Eller Architects, the two buildings – “Mizal major” [...]

Panattoni building logistics property on brownfield in Düsseldorf’s Hafen district

04/06/2019 Panattoni started construction in mid-May on a logistics property in Düsseldorf’s Hafen district (Am Fallhammer 15 / Cuxhavener Straße 4a). The plant with 11,600 sqm logistics, 1,900 sqm office and social space, and 540 sqm mezzanine space will be leased to ABC-Logistik GmbH. According to a release, ABC will be using the site to implement an [...]

Düsseldorf: New major tenant in “Fürst & Friedrich”

28/05/2019 Art-Invest has signed another anchor tenant for the “Fürst & Friedrich” project currently under construction in Düsseldorf-Friedrichstadt, after having established contracts with Design Offices and BMS Consulting for the property. As TD was able to learn from market insiders, the new tenant is IT consultancy Infosys, which has leased 4,600 sqm office space on the [...]

Project Investment buys project sites with a volume of €60mn

27/05/2019 Project Investment has acquired three building plots in and around Berlin and in Düsseldorf. One of the sites is located at Am Hochschulring 25 in Wildau near Berlin and involves 6,600 sqm of office space on a 4.600 sqm plot. Furthermore 3,400 sqm of office space is planned on a 3,091 sqm property at Berliner [...]

Düsseldorf: Euref plans €200mn innovation campus

09/05/2019 The Berlin-based Euref AG plans to set up a new innovation campus near Düsseldorf Airport, focusing on research for “mobility of the future”. It is to serve as a meeting place for companies, start-ups and research institutions in the mobility sector, and according to current plans will have 2,500 employees. Euref intends to invest €200mn [...]

Düsseldorf: Levi’s opens new flagship store on Schadowstraße

23/04/2019 Levi’s has opened a new flagship store on Schadowstraße 55 in Düsseldorf. The shop has 822 sqm retail space and will be operated in addition to the existing store on Mittelstraße 17. The lessor is a private owner. The shop had been leased to shoe retailer Siemes for the last 30 years, before Tally Weijl [...]

Real I.S. acquires business properties in Cologne and Düsseldorf

18/04/2019 Real I.S. has acquired two buildings in Cologne and Düsseldorf from the Pan European Urban Retail Fund (PURetail), co-sponsored by Aberdeen and La Française. The Cologne property, located on Mittelstraße 20-24, has 2,169 sqm of retail space, 878 sqm of office space, 556 sqm of residential space and 695 sqm of warehouse space. It was [...]

Die Developer, sovereign wealth fund plan high-rise in Düsseldorf

12/04/2019 The Zech subsidiary Die Developer, together with a sovereign wealth fund from the Middle East, intends to build a new high-rise on Kennedydamm in Düsseldorf. The 16-story “Eclipse” will be built on the current parking lot of the Hilton Hotel opposite the “Horizon”, also built by Die Developer and headquarters to L’Oréal. The design, by [...]

Düsseldorf: Huawei leases large office space in Seestern

08/04/2019 Chinese smartphone maker Huawei has leased 8,700 sqm office space in building Seestern 5 in the eponymous district of Düsseldorf. The owner is a joint venture of Revcap and Kriton Immobilien, who acquired the property in Q4 of 2018 and has now fully leased the space. Huawei will be moving in on 1 August of [...]