TD News International Location: Mannheim

Rhine-Neckar Region transaction volume at ten-year high

09/08/2019 JLL reports that €648mn was invested in commercial real estate, apartment buildings, and residential portfolios of ten units or more in the Rhine-Neckar region in H1. This is the best 1st half-year period in ten years, exceeding even 2018’s record of €574. Office rentals totaled around 65,000 sqm, 18% higher than the five-year average. JLL [...]

LaSalle buys two properties in Heppenheim for E-Regi

09/08/2019 LaSalle Investment Management has acquired two properties in Heppenheim near Mannheim for its LaSalle E-Regi Fund. One is the logistics property “Hunsrückstrasse 2” located in the Tiergartenstraße commercial district. The property, completed in 2016, has 18,000 sqm of lettable space and is let to the dental product distributor Henry Schein. The seller is Biskupek-Scheinert-Klotz. LaSalle [...]

No building permit for Mannheim-area Hillwood logistics center

14/06/2019 Hillwood Development’s planned logistics center in Haßloch near Mannheim cannot be built. The district administration in Bad Dürkheim rejected the building application for the project planned for the “Gewerbegebiet Süd” industrial area on Siemensstraße, saying that project was too large overall and would bring too much traffic to the area. As early as mid-March, the [...]

Mannheim: Tom Bock sells parts of quarter project for six times the purchase price

05/03/2019 Frankfurt-based investor Tom Bock has sold construction fields 4 and 5 on the site of the former Turley barracks in Mannheim, which the group had bought in 2015. The price for the lots totaling 1.3 ha was €36mn, six times the amount Bock paid the city’s development company MWSP for the properties four years ago. [...]

Mannheim: Aurelis takes over factory site from General Electric

16/01/2019 Aurelis has acquired the nearly 18 ha factory site of General Electric (GE) in Mannheim-Käfertal (Boveristraße) and plans to turn it into a commercial park in the coming years. The former production plant of the US-based company has 26 structures with 113,000 sqm floor space, 80 % of which is vacant. GE will lease back [...]

Mannheim: Consus sells hotel and office project “No. 1”

08/01/2019 Consus Real Estate has sold the office and hotel building “No. 1” currently under construction in Mannheim’s Lindenhof district in a forward sale for €100mn. According to the company, the end investor is a well-known capital management company from Munich. No further information was provided. The 20,000 sqm project was started by Gerchgroup and later [...]

Piëch company plans new construction in Mannheim

30/11/2018 The Stuttgart-based developer Argon GmbH is setting the course for a major new construction project at Augustaanlage 65-67 in Mannheim. Speaking with TD, Argon’s managing director Dirk Wehinger explained that the existing building, which has 16,000 sqm of floor space and is currently fully let to 15 office tenants, could be replaced by a new [...]

D&S plans office tower in Mannheim’s Glückstein quarter for €100mn

24/07/2018 Diringer & Scheidel (D&S) is planning a 25,000 sqm office building with a 13-story tower in Mannheim’s new “Glückstein” quarter. A Mannheim-based corporation has issued a declaration of intent to lease 10,000 to 14,000 sqm lettable space in the building, the developer reported yesterday. D&S had already applied for the lot on the intersection of [...]

Mannheim: Health services provider leases new building in Eastsite

14/06/2018 Ashfield Healthcare has leased approx. 4,000 sqm of office space in the planned “Eastsite Patio” construction project in Mannheim’s Neuostheim district (Harrlachweg 11, at Hermann-Hollerith-Straße). The health services provider is expected to move into the three-story property belonging to the Eastsite office park at the end of 2019, as will its subsidiary, Physicians World Europe. [...]

Mannheim: Diringer & Scheidel building office and housing complex in Glückstein

07/06/2018 Diringer & Scheidel, together with architects Schmucker & Partner, have won the architectural competition for construction field 3 in Mannheim’s Gückstein quarter. The lot is one of four available sites in the centrally located development area, where a 18,000 sqm complex for offices and possibly apartments is to be built. Contractual negotiations on the land [...]