TD News International Location: Essen

Aegila enters German market with acquisition in Essen

01/10/2018 Investment firm Aegila Capital Management, headquartered in London, has bought the office complex “RellingHaus” in Essen. This is the firm’s first investment in Germany. The seller is open-ended private real estate fund UniImmo: Global of Union Investment; the purchase price was €145mn. Located within walking distance from the main station, the property on Rellinghauser Straße [...]

Union Investment/ZBI residential fund buys 750 apartments

06/09/2018 The open-ended mutual real estate fund UniImmo: Wohnen ZBI has acquired approx. 750 apartments in the last three months for €82.3mn, most of them acquired in three portfolio transactions. The largest deal was a portfolio with 380 apartments, predominantly in Hanover. The fund also acquired a package with over 150 apartments on Wiener Straße near [...]

Essen: Kölbl Kruse starts construction of Zollverein Design Hotel

04/09/2018 Kölbl Kruse will be starting construction of a Design Hotel on the site of Essen’s Zollverein coal mine in mid-September. The location for the project is the former materials depot of pit 1/2/8. The hotel will have 67 rooms and be operated by hotelfriends Group. Schollen Hotelentwicklung supported the project with hotel expertise and brokered [...]

Cushman & Wakefield recruits JLL personnel for its new Düsseldorf office

16/08/2018 JLL has announced in response to TD’s inquiry that two veteran members of the office letting team, including Luisa Rotthaus, are leaving the company at the end of the year. Martin Höfler, who like Rotthaus was part of the Essen launch team just over two years ago, is said to be also leaving, as are [...]

Intown acquires multiplex cinema in Essen for just under €30mn

20/07/2018 Intown has purchased the Cinemaxx Essen multiplex cinema. The seller of the Berliner Platz property is a closed-end real estate fund of DG Anlage. According to “Fondstelegramm”, the shareholders of the “DG Anlage Nr. 47” had decided to sell. The sale price is estimated to be around €29.5mn. Intown has confirmed the purchase of the [...]

Essen: Commerz Real buys microapartments from i Live and Sax

18/05/2018 Commerz Real has acquired a new student residence and apartment project in Essen for its Institutional Smart Living Fund. The seller is a joint venture of the Aalen-based i Live Holding and the Sax Group in Tübingen. The acquisition by Commerz Real was structured as an asset deal. The apartment complex will be constructed on [...]

Essen: “City Tower” goes into Magna fund

25/04/2018 The “City Tower” on Limbecker Platz 1 in Essen, which was refurbished in 2016/17, is changing hands: The 15-story office tower in the Westviertel has been sold by Magna Immobilien to the individual fund Magna VZB Select for an amount in the middle-eight-digits. The fund is managed by Magna Asset Management and administered by Hansainvest. [...]

Rock Capital buys Eschenpassage in Taufkirchen from Residia

24/04/2018 Residia Group has sold the western part of the Eschenpassage in Taufkirchen near Munich to Rock Capital. The buildings on Eschenstraße and Lindenring total about 7,000 sqm and contain retail and office space, as well as medical practices. Market insiders quote the purchase price at €20mn. The transaction was brokered by Colliers International. The seller [...]

Schroder buys logistics park in Essen

24/04/2018 Schroder Real Estate has acquired a logistics park with about 26,000 sqm in the city of Essen for a portfolio fund. Seller of the property on Bamlerstraße in the Krupp-Gürtel commercial park is a private owner who was advised on the transaction by Anteon Immobilien. The logistics park consists of several structures and was built [...]

Essen: Police signs lease for 26,800 sqm office space

26/03/2018 Essen’s police department has leased 26,800 sqm office space in the former Karstadt headquarters building on Theodor-Althoff-Straße 2 in Essen. Owner Publity had bought the complex in mid-2016. The 30-year lease, which also includes 890 spaces in the parking garage, is in effect until 2050. It will start in 2020, after construction of new buildings [...]