TD News International Location: Luebeck

Lübeck: Kaufland acquires 3 ha site

13/02/2018 Kaufland has purchased the 31,000 sqm slaughterhouse site on Schwartauer Allee in Lübeck’s St. Lorenz district from developer Thorsten Schulze. The company is planning to build a Kaufland store, other retail space, and apartments on the site. Schulze had unsuccessfully negotiated with the city for years to put such plans into action. Most recently, the [...]

Magna founds portfolio manager – first acquisition a wrap

03/11/2017 Hamburg-based developer Magna Immobilien has founded Magna Portfolio Invest as its own portfolio manager and already closed the first purchase. Two private investors acquired the office and commercial building on Wielandstraße 14 in Lübeck. The property with about 4,400 sqm lettable space is fully leased to Mach AG and OCC Assekuradeur. The lot measures 6,177 [...]

Gieag sells logistics centre in Lübeck to Exeter

20/07/2017 Munich-based Gieag Immobilien has sold a logistics property in Lübeck-Roggenhorst to Exeter Property Group. The centre with approx. 8,600 sqm and built by Gieag in 2012 is completely let to fire protection company Minimax. The lease agreement with Minimax was recently extended until the end of 2021, stated Gieag. CBRE advised on the sale. The [...]

Capital Bay to buy 226 apartments in Lübeck

09/06/2017 Capital Bay has acquired 226 apartments with approx. 16,000 sqm of lettable space in Lübeck in a share deal. The fully let portfolio includes six former barracks converted for residential purposes from 2012 to 2016, a residential and commercial building in a prime location, and two other residential buildings in the district of Lübeck Kücknitz. [...]

Sistema/Corestate buy shopping centers in Lübeck and Flensburg

13/12/2016 A joint venture of Sistema Capital Partners and Corestate Capital Holding has bought the “Linden Arcaden” in Lübeck and the “Holmpassage” in Flensburg for €105mn. The Lübeck asset near the city’s main station was built in 2003 and offers 25,800 sqm lettable space. Main tenants are Holmes Place and Saturn. The “Holmpassage” on Flensburg’s pedestrian [...]

Lübeck: Aurelis plans 7.8 ha residential quarter

19/07/2016 Aurelis Real Estate presented plans for development of the 78,000 sqm lot on the former grounds of the main freight yard to the Lübeck building committee yesterday. The plans call for at least 250 apartments, offices, services, and resident-friendly commercial uses, as well as a 2.5 ha park and possibly a hotel. The historic freight [...]

Lübeck: Over 1,000 apartments planned near historic center

09/06/2016 Lübeck-based Schütt and Flensburg-based Jacob Sönnichsen AG plan to build more than 1,000 apartments on Geniner Ufer in Lübeck for €175mn. The 99,250 sqm construction site is south of the historic center between Possehlstrasse, Geniner Ufer, Bei der Gasanstalt, and Welsbachstrasse. Sönnichsen subsidiary Holz Michelsen is one of the occupants there and will be changing [...]

Aik acquires commercial building in Lübeck from Patrizia

28/01/2016 Düsseldorf-based investment company aik has acquired a commercial property in Lübeck’s pedestrian zone for around €21.3mn. The building with a total rental area of 4,200 sqm at Breite Strasse 39-43 was sold by Patrizia. It was built in two stages, in 1949 and 1955, and was renovated and expanded in 2005-06. The building is currently [...]

Hamborner buys shopping center in Lübeck from LBBW

17/12/2015 Hamborner REIT has purchased the Haerder Center in Lübeck from LBBW Immobilien for about €50mn. The downtown shopping center built in 2008 has 13,200 sqm of rental area and will provide a gross initial yield of 6.5%. SQM was the broker. Hamborner has thus increased its purchase volume this year to €173mn, thus meeting its [...]

Lübeck: Planet joins Aqua-Top development

31/07/2015 Kiel-based Planet-Gruppe will participate in the vacation apartment project on the former Aqua-Top area in the Travemünde district of Lübeck. It has signed a pertinent cooperation contract with Deutsche Immobilien, which had acquired the 21,000 sqm site last December. Accordingly, the partners intend to plan, develop, and market a 100-unit apartment building that the “Lübecker [...]