TD News International Location: Kiel

DWI testing the waters in Kiel’s office market

24/04/2019 Hamburg-based DWI Group is acquiring the office building Fabrikstraße 7 in downtown Kiel with 9,200 sqm lettable space from a Danish owner. The building with a view of the Förde is about 85 % leased long term, tenants include Vonovia and Ferring. DWI intends to focus on structural maintenance and leasing. After Frankenstraße 12/14 in Hamburg, [...]

Kiel: Corestate buys residential project for over €40mn

31/01/2019 Corestate Capital has acquired 114 planned apartments in Kiel’s harbor area for its open-ended Spezialfonds “Residential Germany Fund II”. The forward deal has an investment volume of €48mn. The “Bootshafen” residential project, located at Andreas-Gayk-Straße and Hafenstraße, is scheduled for completion in early 2021. Ten Brinke took over the site’s project development from Deutsche Immobilien [...]

Kiel: Hamburg investor buys office building

07/12/2018 Kühne Immobilien Consulting has sold an office building located at Muhliusstraße 38 in Kiel to a Hamburg investor. The fully let building has 3,000 sqm of lettable space and is used by the building management department of Schleswig-Holstein, the bank Förde Sparkasse and the social services organization “Gesellschaft für Soziale Hilfen in Norddeutschland”. Kühne had [...]

Kiel: Art-Invest buys hotel project from Ten Brinke

09/10/2018 Art-Invest Real Estate has acquired the hotel project planned on the Alte Bootshafen in Kiel from Ten Brinke. The deal includes a long-term lease with Success Hotel Group. After completion in 2020, the building will have 238 rooms in total. Of these, 148 rooms will be in an Ibis Styles, and 90 in an Adagio Access. There [...]

Kiel: Urban Space plans office building on Sophienblatt

13/09/2018 The real estate developer Urban Space is planning an office and commercial building at Sophienblatt 38-40 near Kiel’s main rail station, replacing the one-story buildings currently standing there. The new building’s ground floor will have 290 sqm of small retail and café space to stimulate business on Sophienblatt, with offices planned for the 5,460 sqm [...]

Kiel: TAS acquires €115mn project on “the Hörn” from DIP

06/09/2018 The Hamburg developer TAS has purchased the construction project on the Willy-Brandt-Ufer in the Hörn development area in Kiel as well as the related plots 13, 14, and 15 from Deutsche Immobilien Projektentwicklung (DIP). Plans include three buildings on 45,000 sqm GFA with 350 apartments, 105 subsidized student apartments, 6,000 sqm of commercial space (serviced [...]

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 [...]