TD News International Location: Düsseldorf

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 [...]

Düsseldorf: Commodus buys “MC²”

19/10/2018 TD has learned from market insiders that Commodus has acquired the office building “MC²” at Hansaallee 299 in Düsseldorf’s Heerdt district. The seller is Generali Real Estate. The purchase price is said to have been around €40mn, corresponding to a multiplier of nearly 18. The building complex, laid out in the shape of an H, [...]

Düsseldorf: First major tenant for former L’Oréal tower

12/10/2018 Alstria Office REIT recently announced the letting of 2,000 sqm of office and ancillary space in the office tower at Georg-Glock-Straße 18, near Kennedydamm, in Düsseldorf. TD has learned from market insiders that the tenant is the Düsseldorf IT service provider Datagroup. The lease for the former L’Oréal headquarters will start on March 1st 2019, [...]

Düsseldorf: Zech buys Gerry Weber property for €36mn

11/10/2018 Gerry Weber is selling its Düsseldorf showroom “Halle 29” for €36mn to an associated enterprise of the Zech Group. The property is located in the Derendorf district and has over 12,000 sqm of lettable space currently being let to 21 different fashion companies. It opened in 2003 after extensive renovation. BNP Paribas Real Estate advised [...]

Düsseldorf: Vivawest buys development section of “Le Quartier Central”

11/10/2018 Vivawest has acquired a project for 450 apartments in the Worringer Straße/Gerresheimer Straße area in Düsseldorf. The sellers are Bema and ABG, who as joint venture partners are developing the 18,350 sqm site, the southernmost area of “Le Quartier Central”. According to the housing action plan by the City of Düsseldorf, 20% of the apartments [...]