TD News International Location: Nuremberg

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 [...]

Nuremberg: Gerchgroup plans to invest €700mn in Quelle site

04/07/2018 Last week’s rumors are now officially confirmed: Gerchgroup is acquiring the former Quelle distribution center in Nuremberg from Sonae Sierra. The purchase of the 250,000-sqm property will be transacted as an asset deal via several sister companies, according to a statement. Gerchgroup intends to develop 170,000 sqm of GFA on the 82,000-sqm site, and to [...]

Nuremberg: Pegasus and PIC buy 15,000 sqm office building

20/06/2018 A joint venture of Pegasus Capital Partners and developer PIC Real Estate has acquired a 15,000 sqm office complex in the south-eastern part of Nuremberg. Anchor tenant of the two multi-functional structures is Siemens, whose headquarters for the concern’s Industry Automation and Drive Technology division is located in the immediate vicinity. The seller is a [...]

Nuremberg: Development Partner to invest €200mn in “City Point”

23/03/2018 Development Partner intends to invest nearly €200mn in new development of the City Point shopping center in Nuremberg. In the coming years, a total of just under 36,000 sqm of GFA is to be constructed under the name “Altstadt Karree”, with a mix of retail, gastronomy, hospitality and services. Eleven architectural firms have now been [...]