TD News International Location: Leipzig

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 [...]

Rent growth again on upward trend in three large cities

25/07/2018 In Hamburg, Frankfurt, and Leipzig, the increase in quoted rent prices has gained new momentum during the first half-year. With growth rates of up to 7 %, the five-year average was clearly exceeded, as JLL determined in an analysis. In Berlin, Düsseldorf, Cologne, Munich, and Stuttgart, by contrast, growth of rent prices is still slowing. After about 7 % the previous [...]

EQT buys 40,000 sqm shopping center in Leipzig

15/06/2018 EQT Real Estate has acquired the “Allee-Center” in Leipzig’s Grünau quarter (Ludwigsburger Strasse) from Investa. The largest retail tenants at the nearly 40,000-sqm shopping center are Rewe, Saturn, and Aldi. It currently has a 10% vacancy rate. The complex was built in 1996. According to corporate sources, EQT is seeking a holding period for the [...]

Patrizia buys 525 apartments in Leipzig and Mainz

18/04/2018 Patrizia Immobilien has acquired 525 student and business apartments in Leipzig and Mainz for roughly €53mn. The properties in Leipzig are a planned student dormitory with 229 apartments and about 5,000 sqm living space on Kurt-Schumacher-Straße, and an existing building with 246 apartments and roughly 6,300 sqm on Johannisgasse, which is to be converted. In [...]

The Grounds to build 136 micro apartments in Leipzig

08/03/2018 The Grounds Real Estate Development is now also planning micro apartments in Leipzig: the Berlin-based company has acquired the 1,317-sqm property at Bornaische Strasse 10-16 in the city’s Connewitz district, on which it will build 136 apartments with a total UFA of 3,013 sqm as well as parking spaces for 30 cars and 140 bicycles. [...]

Leipzig: Decathlon moves into 2,500 sqm in Petersbogen

12/02/2018 Decathlon will be opening its second store in Leipzig in the Petersbogen. The French sporting goods retailer has leased roughly 2,500 sqm retail space in the shopping arcade on Petersstraße 36-44. The deal was brokered by Comfort. The opening of the shop is planned for the summer of 2018. Until then, the shopping center will [...]

AXA buys shares in Paunsdorf Center Leipzig for €132mn

29/11/2017 AXA Investment Managers – Real Assets is getting on board at the Paunsdorf Center in Leipzig with €132.5mn worth of shares. The asset manager is investing for two of its clients and taking over the shares previously held by Ivanhoe Cambridge. AXA is forming a joint venture with Unibail-Rodamco Germany, who will continue to operate [...]