TD News International Location: Kassel

Nassauische Heimstätte builds 335 apartments in Kassel

07/09/2018 The Nassauische Heimstätte/Wohnstadt Group is replacing the former Social Services building on Frankfurter Strasse 84a in Kassel with approx. 335 rental apartments and complementary commercial spaces for around €106mn. The property was acquired from the Landesbetrieb Bau und Immobilien Hessen. Around 25% of the 25,000 sqm of planned living space will be subsidized. Frankfurter Strasse [...]

Wayfair leases 25,000 sqm in “Magna Park Kassel”

18/07/2018 Gazeley has now fully leased the seventh and most recently completed hall of “Magna Park Kassel”. As TD learned from market insiders, the e-commerce mail-order company Wayfair has leased all 24,958 sqm of the building, after having leased part of it last year. Prior to that, the logistics complex had been vacant since it was completed [...]

TH Real Estate buys logistics park from Goodman

19/06/2018 TH Real Estate is buying a logistics park near Kassel from developer Goodman. Once completed in mid-2019, the property in the Lutterberg industrial park in Staufenberg will have about 52,500 sqm total space. In addition to 48,700 sqm storage space, plans include 2,100 sqm for mezzanine space and about 1,600 sqm for social areas. The [...]

90 North Real Estate sells logistics center near Kassel

26/09/2017 90 North Real Estate Partners has sold its logistics center near Kassel to the Israeli MiDeal Group. The sale price, according to information obtained by our sister publication CoStar UK, was €52mn. The asset located in Volkmarsen has roughly 90,000 sqm logistics space. The tenant is Rudolph Logistik, a partner of Volkswagen. 90 North states [...]

Patrizia buys new OFB structure in Kassel

17/05/2016 Patrizia has bought an office and commercial building in Kassel from developer OFB. Of the roughly 14,000 sqm lettable space, about 12,500 sqm of office space are leased to the state of Hesse for 15 years. The state is moving its regional council into the building. The 1,700 sqm retail space are leased long-term to [...]

Peach buys 116 apartments near Kassel

22/03/2016 Peach Property has bought a portfolio of 116 residential units south of Kassel. According to the company, the annual rent income is around CHF0.6mn (around €0.55mn). Due to their very good structural condition, there is no immediate or medium-term need for investment. This purchase brings the number of units in the Peach Property Group portfolio [...]

Metro subsidiary Real closes eight stores, buys one

17/09/2015 Self-service department store chain Real, a subsidiary of Metro, has again filed down its list of locations. It announced that eight stores – in Plettenberg, Ludwigshafen (in the Walzmühle building), Pirmasens, Gägelow, Leipzig’s Grünau district, Berlin (Badstrasse), Schwerin (Marienplatz), and Iserlohn, will be closed. At the same time, Real continues to renovate the remaining locations [...]

Isarkies and Hamdi to build trans-shipment center near Kassel

24/08/2015 A joint venture of Unterwattenbach-based Isarkies and Kronau-based Hamdi Group is planning to build a logistics center along the A 7 motorway near Kassel at an investment of nearly €11mn. A 50,000 sqm site in Knüllwald-Remsfeld at the Homberg (Efze) interchange will house a 7,200 sqm trans-shipment warehouse, 237 sqm for technical, office, and staff [...]

BHB abandons construction of 450 apartments in Kassel

17/08/2015 BHB Bauwert is passing up on the acquisition of the Salzmann area in Kassel. The company announced that it is doing so because of “persistent contract violations on the seller’s side,” referring to a company belonging to Bad Hersfeld-based developer Dennis Rossing. The alleged problems range from the submission of documents for cancellation of liens [...]

Alpha Industrial takes over asset management of logistics building in Korbach

13/07/2015 Alpha Industrial has taken over the asset management of a 47,000 sqm Continental tire warehouse completed this February in Korbach near Kassel. The contract was signed with Scotland-based asset manager Standard Life Investments (SLI), for which Alpha already manages logistics properties in Pliening and Erfurt. SLI had acquired the property even before completion. Core Development [...]