TD News International Location: Munchengladbach

Nationwide logistics space take-up stable – Amazon is coming to Mönchengladbach

24/01/2018 Shortage of available space and bottlenecks with construction companies hardly slowed the nationwide take-up of logistics space in Germany in 2017. According to CBRE, leases and owner-occupation deals added up to 6.5mn sqm, bringing the total to just 3 % below that of record year 2016. In the 4th quarter alone, 2mn sqm were added, [...]

Mönchengladbach: Catella develops quarter for €500mn

11/01/2018 Catella has been awarded development of the new “City Ost” quarter in Mönchengladbach. €500mn is to be invested in the 14-hectare premises of the former freight depot in the coming years. Plans include apartments for 1,500 people as well as diverse commercial uses, such as food and entertainment establishments and space for service companies. The [...]

Mitiska and LIG buy retail center in Mönchengladbach

06/09/2017 Mitiska Reim has acquired a retail center in Mönchengladbach in a joint venture with the Luxembourg Investment Group (LIG). The property with 10,900 sqm retail space is located in the downtown area (Lürriper Strasse 3-17), the seller is Kristensen Properties. It consists of twelve rental units with supermarkets Rewe and Penny as anchor tenants and [...]

Mönchengladbach: 10,000 sqm office building built speculatively

01/09/2017 On a 15,000-sqm plot in Mönchengladbach’s Nordpark, plans are being drafted for a 10,000-sqm office building, which is being constructed without pre-letting. The Business Development Corporation Mönchengladbach Economy sold the planned site at Aachener Straße/Am Nordpark to a private investor group, represented by project developer Ralf Maibaum. The sale is said to include an option [...]

Mönchengladbach: Ixocon buys 6 ha commercial lot

09/01/2017 Ixocon has acquired a 59,550 sqm lot in the Rheindalen commercial park from the municipal Business Development Corporation Mönchengladbach (WFMG). With this purchase, Ixocon now owns a total of 230,000 sqm of land at this location, of which 170,000 sqm are slated for development, the company reports. The purchase contract with WFMG was signed on [...]

Mönchengladbach: Goodman expands Esprit logistics area

01/09/2016 Goodman will expand its logistics centre for Esprit in Regiopark Mönchengladbach. By May 2017, the existing building will grow by 130,000 sqm, notified the developer. Operation of the hub will be assumed by Fiege, who also manages the first section, which was completed five years ago. The project will be implemented by Goodman European Partnership [...]

Mönchengladbach: L’Oreal leases 23,000 sqm logistics space in new DHL building

25/09/2015 L’Oreal Deutschland is going to move its logistics center from Kaarst near Düsseldorf to Mönchengladbach in July 2016. The cosmetics firm is leasing 23,000 sqm of a new structure in Mönchengladbach’s Regiopark in the Güdderath district for its „Luxe“ division. DHL is the developer of the property and appears to be the lessor as well. [...]

Zalando plans new logistics center

13/08/2015 Zalando wants to build a third logistics center in Germany. As with the two centers in Erfurt and Mönchengladbach, it is to comprise about 125,000 sqm. The location has not yet been determined: both northern and southern Germany are being considered. Zalando wants to start construction as early as this fall. The first phase of [...]

Corum buys SinnLeffers property in Mönchengladbach

27/05/2015 France-based REIT Corum has purchased the SinnLeffers retail building on Hindenburgstrasse in Mönchengladbach from Deutsche Industrie Holding. The €13.3mn purchase price provides a yield of 7.56%. The 10,950 sqm rental area is entirely occupied by SinnLeffers under a lease with 8.5 remaining years. Bolton Investment Management advised the buyer.

Mönchengladbach: Goodman erecting logistics real estate for Logwin and Vetten

19/02/2015 Goodman is building a new hub in Mönchengladbach for logistics service provider Logwin and Vetten. The around €20mn logistics property will have 21,000 sqm of warehouse plus 1,500 sqm of office and social space and is being created on an around 65,000 sqm site in the Regiopark commercial area. The new building will be tailored [...]