TD News International Location: Nuremberg

Nuremberg: Nine hotels planned with 4,000 beds

15/08/2019 Nuremberg will see a sharp increase in hotel beds after relatively moderate growth in recent years: according to a market report by Dr. Lübke & Kelber, nine new hotels with 4,000 beds are planned for the coming year. Six new hotels are already under construction and should be completed by the end of 2020. The [...]

Nuremberg: Job placement agency looking for up to 95,000 sqm office space

15/07/2019 The German federal employment agency is looking for office space in Nuremberg for 4,300 employees, and has now advertised the search Europe-wide. The agency is looking for 90,000 to 95,000 sqm floor space, says Eckhard Rodemer, Head of BA – Gebäude-, Bau- und Immobilienmanagement, which is part of the federal agency. In the first phase, [...]

NAS buys Nuremberg Air Campus for €120mn

02/07/2019 NAS Invest is acquiring the Air Campus in Nuremberg for around €100mn, with total investment costs expected to reach around €120mn. The property, located in the Nordostpark business district on Thurn-und-Taxis-Straße, has over 50,000 sqm of lettable space. Its main tenants are companies from the automotive industry and consulting firms. NAS describes the Air Campus [...]

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 [...]