TD News International Location: Frankfurt

Hines invests up to €400mn in German logistics properties

22/03/2019 Hines is launching a new investment strategy for logistics real estate in Germany and has already closed the first deal, involving an approximately 36,000 sqm logistics property in Maintal near Frankfurt, acquired for the Hines Global Income Trust. The complex, located directly on the A66 motorway, is fully let to Deutsche Post (DHL) and Schenker, [...]

KanAm-Fonds to build 200 serviced apartments in Frankfurt

22/03/2019 The German Development Fund of the KanAm Grund Group, together with Pantera AG, is building more than 200 serviced apartments in Frankfurt’s Gutleutviertel district. The apartments, located at Gutleutstraße 296 and given the name “Myhatten”, have an investment volume of over €60mn. The property has a total of 13,490 sqm of GFA, including around 90 [...]

Frankfurt and Hamburg bring home MIPIM Awards

15/03/2019 Two of the twelve MIPIM Awards this year went to projects in Germany. The rebuilding of Frankfurt’s old town center, under the direction of DomRömer GmbH and numerous architects, was awarded a prize in the category of Urban Regeneration, while the Hamburg student residence “Woodie”, by Primus developments, Senectus and the architectural firm Sauerbruch Hutton, [...]

Finch and Tristan buy Accent Office Center in Frankfurt

12/03/2019 Finch Properties has acquired the Accent Office Center (AOC) office building, located on Hanauer Landstraße in Frankfurt, in a joint venture with Tristan Capital Partners. The seller is AOC S.à.r.l., managed by GLL Real Estate Partners. Cushman & Wakefield advised the seller. The acquisition of the approx. 25,000 sqm AOC was made for the “CCP [...]

Project invests €77mn in Berlin and Frankfurt

27/02/2019 Project Immobilien is investing in an office project in Berlin-Tegel and a housing project in Frankfurt’s Gallus district. An office building with about 7,500 sqm lettable space and 95 underground parking spaces is planned on a 3,604 sqm lot in Berlin’s commercial park “Am Borsigturm”. Project quotes the sales volume at over €32mn. The 3,389 [...]

Frankfurt: Volksbank buys “Voltapark” project in Bockenheim

13/02/2019 Frankfurt Volksbank has acquired the “Voltapark” project in Frankfurt’s Bockenheim district in a forward deal. The project consists of the revitalization of the landmarked buildings of a former power plant, and construction of two housing complexes. The planned 6,700 sqm GFA will also include a Rewe supermarket and office space, as well as 34 high-end [...]

Silverlake buys former SEB building in Frankfurt

11/02/2019 Silverlake Real Estate Group has acquired the office building on Ben-Gurion-Ring 174 in Frankfurt. The four-story structure is a former office of SEB in Nieder-Eschbach with about 10,000 sqm lettable space. It was built in 1977 and is currently vacant. Silverlake plans to thoroughly modernize and reposition the asset. “With this property, we have now entered [...]

Aberdeen and GeRo building apartments in Ludwigshafen and Frankfurt

05/02/2019 Aberdeen Standard Investments and developer GeRo Real Estate have acquired the former production site of Halberg Maschinenbau in Ludwigshafen’s Süd district, and intend to build 550 apartments on the lot. This was released yesterday jointly with the city at a press conference. The parties are working toward obtaining a work permit by late 2019 based [...]

Frankfurt: US financial services provider Baird is moving into the Omniturm

04/02/2019 Robert W. Baird GmbH has leased 1,300 sqm office space in Frankfurt’s Omniturm. The European subsidiary of US financial services provider Baird is currently headquartered in the K26 office tower on Neue Mainzer Straße 28 in Frankfurt. With this contract, 77 % of the 44,200 sqm office space in the 45-story structure are now leased, [...]

Art-Invest buys office property in Frankfurt’s Ostend

29/01/2019 Art-Invest Real Estate have acquired the building on Hanauer Landstraße 151-153/Ferdinand-Happ-Straße 32 in Frankfurt am Main for one of the office funds they manage. The seller is Generali Real Estate on behalf of one of the companies of the Generali Group. The 8,400 sqm building was completed in 2003 and is currently 85 % leased. This is [...]