TD News International Location: Erfurt

CG builds first properties in Thuringia for €65mn

06/07/2018 The CG Group has announced its first projects in Erfurt. The first project, the “TA” high-rise on Juri-Gagarin-Ring, will be renovated and supplemented by a new building in order to create 121 apartments over approx. 7,000 sqm and 220 sqm of commercial space. Completion is scheduled for 2020. CG estimates an investment volume of approx. [...]

Gieag sells logistics center in Erfurt for €54mn

03/07/2018 Gieag Immobilien has sold the Panasonic logistics center in Erfurt’s Stotternheim district to an institutional commercial real estate investor for €53.9mn. The property, located on the grounds of the Internationales Logistikzentrum Erfurt (ILZ), has approx. 67,000 sqm, 60,200 sqm of which are for logistics use. LGI Logistics Group, which recently began handling logistics for Panasonic [...]

Revitalis plans Boutique hotel near Erfurt station

24/01/2018 Hamburg-based developer Revitalis will be doing business in Erfurt for the first time. The firm has acquired the historic office and commercial building on the corner of Juri-Gagarin-Ring 110 and Bahnhofstraße, including a partially vacant lot, from a German property holding company. Revitalis is planning a boutique hotel with nearly 160 rooms and about 5,800 [...]

Aberdeen buys housing project in Erfurt

08/01/2018 Aberdeen Standard Investments has acquired a housing project in Erfurt’s Brühlervorstadt district. The project is being developed on the brownfield of the former Funkwerk on Bonemilchstraße and will offer 50 apartments and nearly 60 underground parking spaces. Living space of the units measuring between 60 and 120 sqm adds up to about 4,650 sqm. Developer [...]

Berger builds 55,000 sqm logistics space in Erfurt

04/12/2017 The Austrian company Berger logistics is building a logistics center with roughly 54,000 sqm hall space and 1,200 sqm office space in Erfurt-Stotternheim. The groundbreaking ceremony for the first section with three halls and 30,000 sqm was held a few days ago; completion is scheduled by 1 April of next year. The whole complex on [...]

Erfurt: Goodman builds logistics center for online retailer

24/10/2017 Goodman is developing a European central warehouse for online retailer Lesara in Erfurt’s cargo center. The warehouse will initially measure 31,600 sqm and can grow to 55.000 sqm through later expansions. Lesara is leasing the building for ten years and will supply customers in 24 countries from the location. Construction started in early October; the [...]

UBS buys large textile logistics centre near Erfurt

29/09/2017 UBS Real Estate acquired the approx. 159,218-sqm logistics centre of textile logistics company BLG in Hörsel-Hörselgau near Erfurt for its Spezial-AIF UBS (D) German Logistics Property Fund 2. The seller of the property located at Axel-Beckold-Straße 2 is Metro subsidiary Metro Properties, which was advised by Logivest. According to UBS, the four-storey property can be [...]

Hansainvest acquires new KNV logistics centre near Erfurt

14/08/2017 Hansainvest Real Asset acquired the approx. 44,000 sqm logistics centre in the “Erfurter Kreuz” industrial area in Arnstadt near the capital of Thuringia for the media logistics company KNV. The seller is project developer OFB, who will hand over the property to the tenant by the end of the year. The first of four hall [...]

Erfurt: May & Co. is the first investor in the ICE-City and building a hotel

21/11/2016 May & Co. from Itzehoe is going to take on the first project of the future “ICE-City” in Erfurt. For around €16mn, the company is building a hotel with 208 rooms run by the cooperation of Rezidor and Prizeotel. The opening is scheduled for early 2019. May & Co., who has been strategic investor with [...]

Axa buys residential project in Erfurt for €30mn

17/05/2016 AXA Investment Managers – Real Assets is buying a planned residential complex in Erfurt for €30mn. The complex of eight buildings containing 137 units is being built by a local developer. Gross lettable space is around 11,500 sqm, plus 117 underground parking spaces. Construction is expected to start in the 2nd quarter of 2016 and [...]