TD News International Location: Erlangen

Barings buys C&A building in Erlangen

24/01/2018 Barings Real Estate has acquired the retail building Rathausplatz 4 in Erlangen for the Stuttgarter Immobilien-Spezialfonds (SIS-Fonds) of insurance group Stuttgarter Versicherung. The seller is a joint venture of Värde Partners and Accom, for whom JLL brokered the deal. Barings was legally advised by GSK Stockmann Rechtsanwälte. The structure was built in 1970 and thoroughly [...]

Erlangen: Engelhardt to build €135mn inner city quarter

21/07/2016 Engelhardt Group will begin in the fall with the construction of the inner city quarter “Erlanger Höfe” on a portion of the former Gossen company site. According to company information, its is investing some €155mn in the project. The plan includes 171 apartments, 210 studio units (83 of which are business units and 127 are [...]

Gateway buys Erlangen property for over €80mn

22/06/2016 Gateway Real Estate has bought the Areva headquarters in Erlangen for over €80mn. The contract had been signed in late 2015, while transfer of benefits and obligations was only completed now. Publity had arranged the transaction. Gateway is buying 100% of the 47,257 sqm building, which sits on a 35,984 sqm lot on Paul-Gossen-Straße 100 [...]

Erlangen: Publity buys Areva headquarters

12/02/2016 Publity has acquired the Germany headquarters in Erlangen of France-based energy group Areva. The property at Paul-Gossen-Strasse 100 consists of four building segments with 47,000 sqm of usable space. Built in 2008 on a site measuring 31,000sqm, it is leased on long terms to Areva and Siemens. The five-story building has a garage with a [...]

Art-Invest invests in Erlangen and Munich

02/10/2015 Art-Invest Real Estate has purchased the Novotel Erlangen for its “Hotel-Manage to Core-Fonds” from an E&P Real Estate closed-ended fund. According to TD research, the deal played out at about €20mn. The 170-room, three-star hotel opened in 2001 is operated by Accor. Art-Invest was advised by JLL, KPMG, Drees & Sommer, and Warth & Klein. [...]

Erlangen: P&P chain opens a LikeApart

12/12/2014 In January 2015, Fürth-based P&P will re-open the former “Arvena Business Hotel” in Erlangen under the new LikeApart brand name. The location comprises a rental area of 5,250 sqm in a building complex dating from 1979 at Wetterkreuz 7. It was acquired last year from insolvent Arvena Property and has 126 guest rooms and 14 [...]

Erlangen: S&P plans urban quarter on Gossen area

27/10/2014 Sontowski & Partners (S&P) will develop a new urban quarter in Erlangen starting in the spring of 2015. An office building with about 4,000 sqm of usable space, 63 apartments with 7,310 sqm of living space and 60 underground parking spots, as well as 134 apartments for students with 28 underground parking spaces will be [...]

ZBI/Deutsche Investment: Second Spezialfonds to reach €200mn

05/09/2014 Erlangen-based ZBI Gruppe and fund company Deutsche Investment are jointly issuing the “Deutsche Investment – ZBI Wohnen II” Spezialfonds. The target volume is to be €200mn. Residential properties are to be acquired exclusively, with a maximum share of 25% in new construction. Once again, the focus for investment will be on Berlin; the target IRR [...]

Erlangen: B&L sells commercial building to Kithan

20/09/2013 B&L Gruppe has sold the new commercial building on the premises of the former “Grande Galerie” in Erlangen to Munich-based Kithan GmbH. The new shopping center was opened on Thursday. The chains Zara, 1982 and Humanic and a dm drugstore market have settled on around 6,000 sqm. According to previous announcements, B&L invested approximately €35mn [...]

Erlangen: Siemens wants to redevelop site for €500mn

13/09/2013 Siemens intends to invest around €500mn to expand and modernize its facilities in Erlangen. By 2030, step by step, a majority of the largely more than 40 year-old buildings on the 54 ha factory site is to be replaced by new properties. A hotel, including apartments for employees from abroad, is also being considered in [...]