TD News International Location: Neu-Ulm

Headstream and Anter focus on hotel acquisitions

18/07/2018 Headstream Capital of Frankfurt, who had previously focused its opportunistic real estate investments on residential and office properties, is now also looking at hotels. Together with Anter Group of Dortmund, the firm has acquired five establishments with a total of 600 rooms for an amount in the high double-digit millions. The package consists of the Achat [...]

Savills IM buys new DHL building in Neu-Ulm

09/01/2018 Savills Investment Management has acquired a recently completed mechanical DHL distribution center in Neu-Ulm for its pan-European Logistics Fund 2 (ELF 2). The purchase price was about €12.4mn. The handling center located on Otto-Hahn-Straße was finished in late September 2017 and has 5,070 sqm total floor space. Deutsche Post/DHL has leased it for 15 years. [...]

Neu-Ulm: Realgrund plans “Südstadtbogen” for €140mn

22/09/2016 Realgrund from Ulm plans to get started with construction for the Neu-Ulm urban district “Südstadtbogen” in summer 2017. On an area of 16,800 sqm, a 13-storey office building named “Südstadtturm” (6,400 sqm of office space) will be built by 2020, as well as 15 four to eight-storey residential buildings with 450 units. The plan includes [...]

Neu-Ulm: Pegasus sells “edisoncenter,” remaining asset manager

04/02/2016 After only three months holding period, Pegasus Capital Partners has resold the “edisoncenter” in Neu-Ulm to an institutional investor. According to market sources, the purchase price was around €20mn. Pegasus said it was able to fully lease out the 10,250 sqm property during its short ownership. Law firm Bissel & Partner advised the seller. The [...]

Neu-Ulm: Pegasus buys Edisoncenter

11/08/2015 Sontowski & Partner’s Pegasus Capital Partners has acquired the Edisoncenter in Neu-Ulm from Colony Capital. The financing bank is DG Hyp. Pegasus was advised for the transaction by law firm Bissel & Partner. The property on the former Wiley military compound consists of four building sections with a rental area of 10,250 sqm plus an [...]

Neu-Ulm: CBRE Global reportedly buys “Glacis-Galerie”

15/07/2015 Procom Invest and OFB have apparently found a buyer for the “Glacis-Galerie” in Neu-Ulm. The local newspaper “Südwestpresse” reported that CBRE Global Investors is buying the shopping center, which opened in March, and should close the deal by the end of the year. An official confirmation of the transaction is not yet available. Nearly €130mn [...]

Neu-Ulm: Thalia moves to Glacis-Galerie

13/04/2015 Thalia is leaving its downtown store in Ulm and moving to the “Glacis-Galerie” opened in March next to the Neu-Ulm train station. Up to now, the chain has occupied 1,600 sqm of sales space on Hirschstrasse in Ulm, but due to a jump in rent now finds it presumably too expensive. At its new location, [...]

Neu-Ulm: Procom and OFB open “Glacis-Galerie”

19/03/2015 The “Glacis-Galerie” opened today at the Neu-Ulm train station. The shopping center has a total rental area of just under 35,000 sqm for 120 shops and restaurants on two levels. Procom and OFB have invested €130mn to develop the new building. Anchor tenants include Media Markt, Rewe, Zara, H&M, and dm; Deichmann subsidiary Ochsner Sport [...]

Neu-Ulm: Topping-out for “Glacis-Galerie”

09/04/2014 Procom Invest and OFB are celebrating the topping out of the “Glacis Gallery” today at Neu-Ulm’s train station. The 25,000 sqm of retail space on two levels are being created at a cost of €130mn. Procom said there are pre-leases on 80% of the floor space. Definite tenants include Media Markt, Rewe, dm, and H&M. [...]

Neu-Ulm: €100mn city district planned

07/08/2012 In the coming years, a €100mn urban quarter is to be developed on the around 25,000 sqm site of the former Neu-Ulm railway control center. The project backed by real estate entrepreneur Ulrich Nickel from Illertissen will probably be presented to the city council in October. Nickel told TD that there is only a basic [...]