TD News International Location: Düsseldorf

Düsseldorf: Takenaka Corp. company acquires the “Neues Atrium”

15/08/2019 A company of the Takenaka Corporation, one of the largest architecture, engineering, and construction firms in Japan, has acquired the “Neues Atrium” office building at Grafenberger Allee 136, Düsseldorf as part of an off-market deal. Market insiders have informed TD that the sellers are Ares Management and Orris, supported by Barings, which acquired the property [...]

Düsseldorf: Office building on Hans-Böckler-Straße sold again

08/07/2019 Cells Property Investors has acquired a core plus property at Hans-Böckler-Straße 38, in Düsseldorf’s Kennedydamm submarket, on behalf of an institutional investor. Market insiders report that this is a share deal with a purchase price of around €40mn. The seller of the approx. 12,000 sqm office property is reputed to be the joint venture of [...]

Düsseldorf: Warburg-HIH buys Airport City office building project

03/07/2019 Warburg-HIH Invest Real Estate has acquired the “Shift” office building under construction in the Airport City business area at Düsseldorf International Airport. It has been reported that the purchase price is €33mn amounted to a multiplier of 24. The seller is Dragon Bauprojekt, a wholly owned subsidiary of Red Dragon Holding which is backed by [...]

Wirtgen Invest: already three acquisitions in 2019

02/07/2019 Wirtgen Invest closed its third real estate deal with the purchase of the “T8” office building in Frankfurt in 2019. The family office has confirmed the deal with Mirae, which had been reported exclusively by TD and valued at €400mn, and has announced that it is also the end investor in the redevelopment of the [...]

Düsseldorf: Commerzbank back office moving into the “Seestern”

02/07/2019 The “Rheinische Post” reports that Alstria Office is letting 15,000 sqm of office space in its “Seestern 1” in Düsseldorf to Commerzbank. Alstria has confirmed the news to TD. Commerzbank is moving its back office to the Seestern building from its current location at Königsallee 37, which is reported to have become outdated. The new [...]

Düsseldorf: State of North Rhine-Westphalia leases 15,000 sqm in “RWI 4”

27/06/2019 TD has learned from market insiders that Bau- und Liegenschaftsbetrieb (BLB), a company of  the state of North Rhine-Westphalia, is leasing around 15,000 sqm of space in the “RWI 4” office complex, located on Völklinger Strasse in Düsseldorf. The “RWI 4” was built in 1974 and comprises 47,000 sqm of UFA. It is close to [...]

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 [...]