TD News International Location: Leipzig

BNP buys logistics properties in Baden-Baden and Leipzig

19/10/2018 BNP Paribas REIM is purchasing the “Baden Airpark” at Karlsruhe/Baden-Baden Airport. The logistics complex has a total area of approx. 45,000 sqm, and consists of two warehouses which are fully let to three logistics companies. It was built by Greenfield Development. The property is being transferred to the ELF (Eurozone Logistics Fund) portfolio, which is [...]

Leipzig: ground-breaking for Deutsche Wohnen’s first new building project

12/10/2018 Deutsche Wohnen has turned the first sod for its residential project in the Lindenauer Hafen development area in Leipzig. Two five-story buildings will be built on Hafenstraße with a total of 44 rental apartments, one commercial unit and 37 underground parking spaces. The first apartments are expected to be ready for occupancy as early as [...]

Leipzig: Axa acquires logistics site

04/10/2018 Axa IM – Real Assets has announced its acquisition of a logistics property in Leipzig. Two logistics buildings with 113,000 sqm of logistics space are to be built on the site, located 12 km from downtown Leipzig. Axa acquired the property for its Logistics Development Club. Development management will be carried out by Baytree Logistics [...]

Vicus buys and develops 60,000 sqm commercial site in Leipzig

18/09/2018 Vicus Group has acquired a roughly 60,000 sqm commercial building lot in Leipzig-Seehausen. The site is located near the A14 directly adjacent to the Neue Messe, the BMW plant, and the Podelwitz commercial park, and consists of three parcels. Vicus intends to develop the site. Initial ideas include a truck stop with convenience facilities, but [...]

Leipzig: Monarchis sells 430 apartments to Spezialfonds

04/09/2018 Monarchis Grundbesitzgesellschaft has sold its housing complex with 427 units or 23,700 sqm living space in Leipzig-Grünau to a German Spezialfonds. The asset deal was supported by BNP Paribas Real Estate. Monarchis had purchased the three buildings on a 15,040 sqm lot on Zingster Straße 12-30 ten years ago and gradually refurbished them. The buyer [...]

Vicus buys Lindner Hotel in Leipzig

29/08/2018 Vicus Group has acquired the Lindner Hotel in Leipzig-Leutzsch. The four-star establishment on Hans-Driesch-Straße 27 currently has 198 rooms, seven conference rooms, a restaurant, a bar, a sauna, and a fitness area. Initially, Lindner is to continue operating the hotel without any changes. For Vicus, the purchase is “another step in the expansion of our [...]

Leipzig: Airport buys Terminal from Commerz Real

15/08/2018 Leipzig/Halle Airport has acquired Terminal B of its airport from Commerz Real’s closed real estate fund 72 for about €32.4mn. The company, who had been leasing the building complex with more than 25,000 sqm floor space since 1996, is thereby exercising its purchase rights after 22.5 years. The CFB fund 72 has a volume of [...]

Leipzig: 650 housing units planned west of main station

08/08/2018 The city of Leipzig has completed the draft building plan for the new city quarter being planned to the west of the main station. Plans for the nearly 12 ha site between Berliner Straße and Kurt-Schumacher-Straße include 650 apartments, 30 % of them subsidized, a secondary school, and commercial buildings, among them a 13-story high rise [...]

Leipzig: Instone buys from Vicus and plans 200 apartments

08/08/2018 Instone Real Estate has acquired a 9,400 sqm development site in Leipzig’s Zentrum-Südost district. As TD learned, the lot in question is the former Sparkassen data center on Semmelweisstraße 9, which Vicus had acquired only last year. Instone envisions potential for up to 210 apartments with a total of roughly 14,500 sqm living space, and [...]

Leipzig also running out of office space – take-up approaching record levels

26/07/2018 Office space take-up in Leipzig during the first half-year was again significantly higher than the average of recent years. While Aengevelt calculated roughly 71,000 sqm, about the same as a year ago or 51 % above average, BNP Paribas Real Estate (BNPPRE) arrived at a new record total of about 80,000 sqm, which “would represent [...]