TD News International Location: Fuerth

Union Investment: Campus fund buys property in Fürth

01/08/2016 Union Investment and Investa Capital Management have bought the Uferstadt Fürth building complex. This is the first purchase for the recently established Spezialfonds Urban Campus Nr. 1. The seller is Pegnitz Park Holding, a subsidiary of Investa Holding. The purchase price has not been made public, but according to market information should be more than €60mn. The [...]

Fürth: Sale of City-Center to P&P is a wrap

18/07/2016 P&P Group is buying the City-Center in Fürth. All 351 owners of the 26,000 sqm problem property have now agreed to the transaction. Sales to TKN Real Estate and ECE had fallen through in the past. The shopping center opened in 1985 is located in downtown Fürth and will be comprehensively refurbished and restructured. The [...]

Fürth: Deka Immobilien buys Neue Mitte

26/04/2016 Deka Immobilien is taking over the Neue Mitte Fürth. The seller is Berlin-based MIB, who developed the shopping center and completed it in 2015. The property located in the pedestrian mall on Rudolf-Breitscheid-Straße contains about 11,300 sqm retail space and about 3,200 sqm office space. The purchase price has not been released, but according to [...]

Fürth: Hahn buys Phönix Center from Axa

11/02/2016 Hahn Group has acquired the “Phönix Center” in Fürth from Axa Investment Managers Deutschland for its institutional Hahn FCP-FIS German Retail Fund. Hahn quoted the investment volume at €35mn. Savills was the broker, and McDermott Will & Emery advised. The Phönix Center built in 2000 and expanded in 2011 now has 20,000 sqm of rental [...]

Ikea to invest €80mn in Nuremberg

17/12/2015 Ikea is planning to open a branch in Nuremberg. At this point, it has been established that the furniture retailer wants to invest €80mn at the new location. Further details about the project and the state of the permitting process are to be announced today at a joint press conference by the city’s economic development [...]

Fürth: Kochinvest to develop residential and assisted-living center

11/09/2015 Kochinvest will complete the neighborhood development on Kavierlein in Fürth with the construction of a residential and assisted-living facility comprising 10,000 sqm of usable space. Curanum, a member of Korian Group, will operate the senior citizen center. Eichenau-based BG Immobilien is the general contractor. The center is expected to cost €30mn and be completed in [...]

Hamborner REIT buys retail park in Fürth

22/07/2015 Hamborner REIT has acquired the “Hornschuch-Center” in Fürth for €31mn. The retail park with around 12,000 sqm of rental space reopened after renovations were completed in March. The main tenant is Edeka on 4,000 sqm. The average remaining lease has a duration of 12.5 years; the gross initial yield is 6.1%. Hamborner used part of [...]

Fürth: Hard Candy, TK Maxx, and Rewe to move into “Neue Mitte”

30/06/2014 The retail space in Fürth’s “Neue Mitte” shopping center is now 90% occupied. Developer MIB announced fitness chain Hard Candy (2,400 sqm), TK Maxx (2,100 sqm), and Rewe (1,250 sqm) as anchor tenants. Other new tenants are Gerry Weber (160 sqm) and Desigual (220 sqm). Previously secured future tenants are s.Oliver, C&A, dm, Esprit, Sparda-Bank, [...]

Fürth: Two new tenants in Uferstadt office park

04/04/2014 Investa Immobiliengruppe has closed on two new leases in Uferstadt Fürth: This coming May, HUK Coburg will move into the first 1,700 of 2,500 sqm of office space leased in the “Porticum” building. The insurer will occupy the remaining space during the rest of the year. The other lease was of 1,935 sqm of office [...]

Fürth: Esprit, Mango and Bestseller move into “Neue Mitte”

26/04/2013 MIB AG has found three additional tenants for the “Neue Mitte” in Fürth: Esprit, Bestseller (Vero Moda/Jack & Jones) and Mango will open stores in the upcoming shopping venue on Rudolf-Breitscheid-Strasse. It was announced last year that C&A and s.Oliver will be moving there. Thus, around 60% of the planned total of 12,500 sqm of [...]