TD News International Location: Nuremberg

Project buys sites in Berlin and Nuremberg

10/04/2019 Project Immobilien has acquired several building sites in Berlin (1,177 sqm at Rembrandtstraße 20-21 in Friedenau, 746 sqm at Baruther Straße 5 in Kreuzberg, and 1,356 sqm on Wiesenstraße 11 in Wedding) and Nuremberg (1,550 sqm at Maximilianstraße 43). The four sites are to hold a total of 184 microapartments, 41 apartments and ten commercial [...]

DLH to build Nuremberg West logistics park in Dombühl

10/04/2019 Deutsche Logistik Holding (DLH) is developing the “Logistikpark Nuremberg West” in the municipality of Dombühl, with an expected total investment volume between €35mn and €40mn. Around 45,000 sqm of production and logistics space, offices and mezzanine space will be built on the 93,000 sqm site. The agreement of sale between the community and DLH for [...]

Siemens in leaseback deal with Beos for warehouse near Nuremberg

01/03/2019 Siemens has sold two commercial properties in the Nuremberg metropolitan region to the Beos Corporate Real Estate Fund Germany III (CREFG III) in a sale-and-leaseback deal. The rental properties consist of just under 29,000 sqm of warehouse and logistics space, 4,100 sqm of office space and 1,400 sqm for other use. It also has 388 [...]

Nuremberg: Office leases down 17 % due to lack of available space

22/02/2019 Nuremberg’s office lease market saw take-up of about 138.000 sqm in 2018, according to a market report by Küspert & Küspert. Take-up thus decreased by 17 % compared to the previous year, but a six-figure value was achieved for the third consecutive year. The decline is due entirely to the lack of available space, the [...]

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 [...]