TD News International Location: Hanover
VGP builds 112,000 sqm commercial park near Hanover
25/06/2019 VGP Group is developing a commercial park with 112,000 sqm lettable space in Laatzen near Hannover. Main tenant will be machine manufacturer KraussMaffei Berstorff, who will move their extrusion technology plant from Hanover to the new location. 750 employees will be moving into the new complex of production halls and offices in late 2022. Apart from [...]
Panattoni to build logistics center near Hanover
13/06/2019 Panattoni Europe will start construction of a logistics center in Wunstorf near Hanover this month. Plans include a 21,338 sqm warehouse with 1,009 sqm of office and communal space and 636 sqm of mezzanine space which Panattoni is building for an international supplier to the automotive industry. The new building is being built on a [...]
Hanover: Baum to develop office quarter near airport
17/05/2019 Hanover Airport has awarded its “Sky City” real estate project to the Baum Group. A long-term leasehold agreement with Baum was notarized in April; handover of the property will be on July 1st. The Hanover-based developer’s first step will be to erect an office and commercial building on the approx. 17,000 sqm site on Flughafenstraße. [...]
Hanover: Start of construction for “Wasserstadt Limmer” with 1,800 apartments
17/05/2019 Construction work has begun on the “Wasserstadt Limmer” quarter on the former Continental plant site in Hanover, after a long lead time. Wasserstadt Limmer Projektentwicklung GmbH (WLEG), in which Volksbank BraWo and Günter Papenburg AG each have a 50% stake, has plans for 1,800 apartments to be built in ten years time, 550 of themby [...]
Beos fund takes over Hauptgüterbahnhof in Hanover
26/03/2019 Beos is acquiring the Hauptgüterbahnhof in Hanover for its open-ended real estate Spezial-AIF “Beos Corporate Real Estate Fund Germany III”. The seller, Aurelis Real Estate, has partially demolished and modernized the property since 2017. The 19,000 sqm lettable space on the former freight yard on Weidendamm 2 are currently 88 % leased. The Hauptgüterbahnhof complex [...]
Hanover: Getec acquires properties from JP Morgan and Strabag
22/03/2019 The Magdeburg-based Getec Group has begun to build a “relevant real estate portfolio” with the acquisition of several buildings in Hanover, including the property at Joachimstraße 8 last October from JP Morgan. Deutsche Bahn will move out of the 20,000 sqm property, after which it will be converted and let to a municipal authority in [...]
Hanover: Intown to sell Ihme-Zentrum to Sapinda company
08/03/2019 Intown intends to dispose of the Ihme-Zentrum, a 110,000 sqm office, retail and residential complex in Hanover. A sale agreement has been signed with the Luxembourg-based Civitas Property Group; the transaction is expected to be concluded by the end of May. Civitas, according to their website focussed on residential, is an indirect subsidiary of Sapinda [...]
Hahn to modernize retail park near Hanover, let 4,120 sqm
30/11/2018 The Hahn Group intends to revitalize and expand a 1985 retail park in Garbsen, near Hanover, starting in the 2nd quarter of 2019. A German pension fund is investing in the Spezialfonds, which is managed by Hahn. The new tenants – TK Maxx, dm-drogerie markt and Siemes-Schuhcenter – have concluded long-term leases for a total [...]
Verdion plans cold store near Hanover with British investor
23/11/2018 The British investor Tritax EuroBox says it is taking over the development of a distribution facility from Verdion. The facility is to be built on a parcel of land in Wunstorf, 20 km from Hanover, and has been pre-let to Havi Logistics GmbH. Tritax is financing the project, subject to the building permit which has [...]
Toy retailer Smyths Toys builds logistics center near Hanover
16/11/2018 The Irish toy retailer Smyths Toys Superstores has just turned the first sod for its new Northern European headquarters and logistics center, according to the business assistance agency Deltaland Wirtschaftsförderung mbH. An approx. 50,000 sqm logistics warehouse and office wing is currently being built on 10.7 hectares in the “A27Park Walsrode” commercial district. Bauwo Grundstücksgesellschaft [...]