TD News International Location: Nuremberg

Nuremberg: P&P sells apartment building

27/11/2018 P&P group has sold a housing quarter currently under construction in the southwest of Nuremberg to an institutional investor as part of an asset deal. Colliers International brokered the transaction. A total of 138 residential units with 7,300 sqm floor space spread over four buildings are currently being built on the roughly 7,400 sqm lot [...]

Ehret+Klein buys portfolio near Nuremberg from P&P

19/11/2018 Franconia Portfolio Verwaltungsgesellschaft, a company of the Ehret+Klein Group of Starnberg, took over a real estate company of P&P group on November 9 together with a partner. Legal advice was provided to the buyer by Heussen Rechtsanwaltsgesellschaft and to the seller by Rödl & Partner. The acquired real estate firm is holding a portfolio of [...]

Dream Global buys Innovum in Nuremberg, sells Werfthaus in Frankfurt

09/11/2018 Dream Global is acquiring the Innovum office complex in Nuremberg from the UBS fund Euroinvest. The Canadian REIT has stated that the agreed purchase price is €79.6mn, corresponding to a cap rate of 5.1%. The closing is to be held today. The eight buildings were constructed between 2000 and 2012 and have a total of [...]

Nuremberg: Union Investment plans city quarter on Meister site

17/10/2018 Union Investment plans planning to redesign the Meister site in Nuremberg. The lot is currently home to a retail park with a Real market, a MediaMarkt, and a former beverage market. There are also large parking areas and a vacant plot of about 30,000 sqm formerly used for industrial purposes. For the future, Union Investment [...]

Nuremberg: Aurelis and the state of Bavaria finalize sale of 37 ha

10/10/2018 The state of Bavaria and Aurelis Real Estate have agreed on the sale of a 37 ha lot in Nuremberg. The land is part of the planned Lichtenreuth quarter in the south of the city. It is to become the site of the new Technical University of Nuremberg. The purchase contract was now signed during [...]

Nuremberg: Gerch closes urban planning contract for “The Q”

20/08/2018 Roughly 190,000 sqm GFA, up to 18,851 sqm retail space, a 250-room hotel, cultural, health, sports, social, and other commercial utilization, as well as office, business, and administrative space – those are the parameters of the urban planning contract Gerchgroup has negotiated with the city of Nuremberg for the former Quelle distribution center. The 250,000 [...]

Nuremberg: UDI plans office quarter for €54mn

15/08/2018 Financial services provider UDI intends to build an office and hotel project worth €54mn in the southwest of Nuremberg. Under the name “Hansapark”, an office and administration building, a 170-room hotel, a boarding house with 130 rooms with a total of 16,200 sqm GFA, and a parking garage with 430 parking spaces are to be [...]

Nuremberg: Meili, Peter win “Altstadt Karree” competition

03/08/2018 Meili, Peter Architects has been selected to redesign the “City-Point” shopping mall in Nuremberg. The firm, with offices in Munich and Zurich, won a competition organised by Development Partner together with the city. The 35,000 sqm site, located between Breiter Gasse, Pfannenschmiedsgasse and Hallplatz, will feature a mixture of retail, restaurant, and hotel use and [...]

Nuremberg: Alìtus and Pegasus buy assets for €60mn

17/07/2018 Alìtus Capital Partners of Erlangen has joined Pegasus Capital Partners, also of Erlangen, to purchase five buildings in Nuremberg’s Nordostpark. The assets included in the deal are Nordostpark 3-5 (5,800 sqm, built in 2007), 7-9 (5,500 sqm, 2008), 16 (4,500 sqm, 1999), 89-93 (9,200 sqm, 2002), and 17 (parking structure with 430 spaces, 2010). As TD [...]

Erlangen/Nuremberg: State buys Himbeerpalast and Aurelis lots

09/07/2018 The state of Bavaria has announced that it will invest €3bn in the reorganization of its university locations in Erlangen and Nuremberg, and has now decided on land to buy for the undertaking. The new Technical University of Nuremberg (TUN) is to be built on a 37 ha site of the former Nuremberg railway yard [...]