TD News International Location: Nuremberg

Atream acquires Park Inn in Nuremberg for €23mn

20/12/2018 Atream Hotels has acquired the “Park Inn by Radisson Nürnberg” for €23.5mn. The three-star hotel is located at Sandstraße 2-8 on the edge of the historic city center, and has 148 rooms and seven conference rooms. It was last renovated in 2015/2016. The hotel is operated by the Radisson Hotel Group; its lease has a [...]

Nuremberg: BF.direkt finances Gerch project “The Q”

18/12/2018 BF.direkt is financing the Nuremberg city quarter project “The Q” with a bonded loan of €88mn. This guarantees the financing, developer Gerchgroup reports. The group had bought the former Quelle mail order distribution center in July, and signed a zoning agreement on the conditions of future utilization in August. According to the latest information provided [...]

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 [...]