TD News International Location: Potsdam

Potsdam: Austrians buy Babelsberg Center

05/08/2019 The Austrian real estate firm Immo KAG, a subsidiary of Liechtensteinische Landesbank (Austria), has bought the “Babelsberg Center” in Potsdam. The building erected in 1997 will be part of the portfolio of the open-ended private fund LLB Semper Real Estate. The previous owners were funds managed by Partners Group Arax Properties Ltd. JLL advised the [...]

Project Investment builds 156 apartments in Freising and Potsdam

11/07/2019 Project Investment has acquired two development properties for its fund “Vier Metropolen III”. The first involves 7,313 sqm on Angerstraße in Freising, near Munich, to be developed with apartments. It has a sales volume of around €81mn. The second property involves 2,792 sqm on Potsdamer Straße in Potsdam, also to be developed with apartments. It [...]

Potsdam: Swiss Life buys Waldstadt Center for €40mn

19/06/2019 Swiss Life has acquired the “Waldstadt Center” in Potsdam with support from Corpus Sireo. According to a release, the firm is investing €40mn in the purchase for the open-ended fund “Swiss Life Living + Working”. The property is sold by funds managed by Partners Group in cooperation with Arax Properties Ltd. JLL advised the seller and brokered [...]

Egenter & Czischka planning large city quarter in Potsdam

28/01/2019 Egenter & Czischka intends to develop a huge city quarter in Potsdam’s Kirchsteigfeld district. Plans for the 25 ha vacant commercial lot between Ricarda-Huch-Straße and A115 include roughly 120,000 sqm GFA for commercial use and up to 80,000 sqm for 750 apartments. One of the office buildings is going to be 16 stories tall. Completion [...]

Union Investment buys 7,300 sqm of office space in Potsdam

24/01/2019 Union Investment is acquiring a 7,300 sqm office building located north of Potsdam’s main rail station. The 1997 building is located on the site of a former barracks and has been leased long-term to a municipal company. The property will be modernized by the end of this year, after which it be placed in the [...]

Pamera to focus on residential real estate – acquisitions in Potsdam and Düsseldorf

10/01/2019 Pamera Real Estate Partners’ real estate assets fell only slightly to around €500mn despite several sales in the first half of 2018. The multi-family office acquired a residential complex in Potsdam’s northern city center and a commercial property in Düsseldorf’s Golzheim district for a total of €28mn at the end of the year. The Potsdam [...]

Potsdam: Warburg-HIH buys new office building from KW-Development

17/12/2018 Warburg-HIH has purchased an office building with some retail space in the “Campus am Filmpark Babelsberg” in Potsdam. The asset will be added to the Spezialfond Deutschland Selektiv Immobilien Invest. Construction is to be completed shortly, the more than 7,000 sqm floor space are fully leased. The largest tenant is Edeka with a 15-year lease for [...]

Project Investment buys three projects in Berlin and Potsdam

06/09/2018 Project Investment has acquired three projects in Berlin and Potsdam with a total value of approx. €75.9mn for its latest development fund “Metropolen 18” and other project funds. The Group secured the plot Tempelhofer Damm 156 in Berlin for the construction of a six-story office and commercial building. Plans include around 2,400 sqm of office [...]

Trockland develops IT and creative quarter in Potsdam

22/01/2018 Berlin-based developer Trockland, jointly with international investors, is planning the development of the former Reichsbahnausbesserungswerk (RAW) in Potsdam. Plans include well over 20,000 GFA for digital, media, and creative businesses in both existing landmarked structures as well as new buildings on the site on Friedrich-Engels-Straße. Trockland states that it intends to “create a bridge between [...]

Potsdam: Meyer Bergman buys Karstadt building

29/06/2017 Meyer Bergman has bought the Karstadt department store building in downtown Potsdam for its fund MBERP III. Two thirds of the 18,700 sqm building on Brandenburger Straße are leased to Karstadt. The remaining third contains a dm drugstore, four rental apartments, and office space. The structure behind the historic façade was refurbished in 2005. Meyer [...]