TD News International Location: Essen

Essen: PwC signs 15 year lease for Huyssen Quarter property

08/02/2019 The auditing and consulting firm PwC has leased a planned 4,200-sqm office building in the “Huyssen Quartier Essen” (HQE). The lease runs for 15 years. Apart from the office building, a 19-story tower featuring 64 rental apartments and condominiums (7,145 sqm), 44 subsidized apartments, a building with 2,050 sqm of commercial space and a three-level [...]

Patrizia sells Holiday Inn hotels in Essen and Neu-Isenburg

04/02/2019 Patrizia Immobilien has sold two Holiday Inn hotels in Essen and Neu-Isenburg. Colliers International had an exclusive mandate for the sale. The hotel in Essen (Frohnhauser Straße 6) has 168 rooms, the one in Neu-Isenburg (Wernher-von-Braun-Straße 12) has 164. “The market was very interested, demand for comparable products will remain undiminished in 2019,” says Detlef Kaiser, [...]

Fakt AG buys 26,300 sqm office space in Essen and Datteln

17/12/2018 Fakt AG has acquired more than 34,000 sqm office and commercial space in Essen and Datteln. The seller is TÜV-Nord. The three assets are the 8,797 sqm office complex Steuben-/Manteufel-/ Kurfürstenstraße in the center of Essen, the 14,500 sqm office building on Langemarckstraße 20 in Essen, and the former TÜV-Nord education center in Datteln. The [...]

Essen: La Française buys QuartierWest

04/12/2018 La Française Real Estate Partners International is acquiring the shopping and services center QuartierWest in Essen from Schoofs Group. The building with 12,125 sqm retail and hotel space was completed this year for €19mn, according to earlier information, and is fully leased to Edeka, Aldi, Uni-Polster, Kodi, and McDreams. La Française was legally advised by [...]

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 [...]