TD News International Location: Kiel

Kiel: LHI and BAM build new bank for €90mn

19/07/2018 Investitionsbank Schleswig-Holstein (IB.SH) has awarded the contract for the completion and 25-year operation of its new building in Kiel’s Hörn area to a joint venture of LHI Leasing and BAM Deutschland AG. The two five-story buildings will accommodate 650 employees; construction costs will amount to €90.5mn (gross). Groundbreaking is scheduled for the first half of [...]

Kiel: Deutsche Immobilien sells hotel project to Ten Brinke

08/06/2018 Deutsche Immobilien Entwicklungs GmbH has sold its “Bootshafen” project for two hotels and two residential buildings in Kiel to the Dutch company Ten Brinke Group. Ten Brinke intends to begin construction on the 25,000+ sqm GFA site in the fall, with finalization by the end of 2020. The investment volume is currently estimated at €70mn. [...]

Kiel: Revitalis to start with Hilton hotel

11/07/2017 Revitalis has reached an agreement with Kiel’s planning policies on its hotel plans. The new building designed by MPP Meding Plan + Projekt is next to the “Sparkassen-Arena” event hall and will house a Hampton by Hilton with 208 rooms, which now will be 45 meters instead of 54 meters high. The building consists of [...]

Internos buys three hotels in Europe, including one in Kiel

03/02/2017 Internos Global Investors has acquired two additional hotels in Europe for its Internos Hotel Immobilien Spezial Fonds: Steigenberger Hotel in Kiel with 164 rooms and the Lux Park Hotel in Lisbon with 95 rooms. The seller of the hotel in Kiel is Danish investor group K/S Schlossgarten. Internos paid a total of €16.7mn for the [...]

Kiel: Dream Global prepares Post site for 800 apartments

15/09/2016 Dream Global REIT from Canada is preparing the redevelopment of another inner-city area, which it acquired as part of the Deutsche Post portfolio 2011: 600 to 800 apartments are to be built on the 5-hectare Posthof site in the Gaarden district of Kiel. A concept created by Planquadrat, which is currently being presented to the [...]

Kiel: Hamborner acquires office project for €21mn

28/07/2016 Hamborner Reit has acquired an office project in the city center of Kiel for €20.9mn. The new building located at Kaistraße includes approx. 6,550 sqm of lease space and according to Hamborner will accumulate a rental income of approximately €1.16mn annually. The gross initial yield amounts to approx. 5.5%. The seller and developer is KPE [...]

Kiel: Success operates hotels on Alter Bootshafen

06/07/2016 The Success Hotel Group has signed leases for two hotels in Kiel’s Alter Bootshafen district. The new structures planned on the corner of Andreas-Gayk-Straße and Holstenbrücke will house hotels of the ibis Styles and Adagio access brands with a total of 239 rooms. Success is also going to open a restaurant of the “Mike’s Urban [...]

Kiel: Revitalis to build Hampton by Hilton and office space

13/04/2016 Revitalis intends to build a Hampton by Hilton hotel in Kiel. The new, 11,000 sqm GFA building will be constructed near the Sparkassen-Arena and is to have 200 rooms plus office space on the upper floors. The designs for the 16- to 17-storey, 54 m tall building are by MPP Meding Plan + Projekt. Revitalis [...]

Kiel: Ikea plans €50mn investment

26/02/2016 Ikea plans to spend €50mn to modernize and expand its location in Kiel. The idea is to add 5,780 sqm to the existing building from 2002 and thus increase the total to 22,000 sqm of retail space. Another 70 seats in the restaurant are to be added and parking decks increased by two to three [...]

Brack Capital buys nearly 300 apartments in Kiel

08/01/2016 According to a mandatory announcement, Brack Capital Real Estate Investments N.V. (BCRE) has signed a purchasing contract for 296 residential units in northern Germany for €20.4mn. The rental area totals around 21,000 sqm; the occupancy rate is 99%, with an annual rental income of €1.25mn. When asked, BCRE said the apartments are in Kiel, but [...]