TD News International Location: Rostock

Rostock: List plans office building and two hotels on shipyard site

12/03/2019 Oldenburg-based project developer List Develop Commercial intends to construct an ensemble of buildings, including two hotels and an office complex, on an undeveloped section of the former Neptun-Werft in Rostock. The project team is working together with the Hamburg architectural firm prasch buken partner architekten. Plans for the site, located at the corner of Konrad-Zuse-Straße [...]

Captiva buys medical centers in Cologne and Rostock for €20mn

06/03/2019 Captiva has acquired a medical center on Böcking-Park in Cologne and a health center in Rostock-Südstadt. The two investments totaled about €20mn and were for the Captiva Gesundheitsimmobilien Deutschland 1 fund, which was launched in late 2017 and is now fully subscribed. The building in Cologne (Böckingstraße 54-56) was constructed in 1992 and modernized in 2017/18. [...]

Accentro sells portfolio in Berlin and confirms annual forecast

06/11/2018 Accentro Real Estate has sold a portfolio called “Hipsterhausen” to an institutional investor for €32mn after the end of Q3. The package consists of six older structures in central locations of Berlin. The housing company acquired three multi-family buildings in Leipzig and 80 apartments in Rostock during the third quarter. Revenue increased significantly during the [...]

Pantera builds 124 serviced apartments in Rostock

26/09/2018 Pantera is planning 124 serviced apartments on the banks of the River Warnow in Rostock. The units will be built on An der Kesselschmiede in the Kröpeliner-Tor-Vorstadt district and encompass about 5,000 sqm floor space. Construction on the five buildings with up to six floors is scheduled to start in the fall of next year. By [...]

Catella buys residential projects in Rostock and Vienna for €32mn

19/12/2017 Catella Residential Investment Management (CRIM) has purchased developments for 234 residential units in Rostock and Vienna. The package has a lettable space of 8,634 sqm, and is being moved into a fund for a utility in Southern Germany which is managed by 2IP Institutional Investment Partners. Catella is taking over the portfolio management. The deal [...]

Office space top rents in eastern Germany keep up with the west

15/07/2016 Office properties in Potsdam and Rostock attain similarly high top rents as in Wiesbaden or Mannheim, at some €14.00/sqm. With €12.60/sqm or €12.20/sqm respectively, top rents in Leipzig and Dresden reach the niveau of Mainz. These are some of the results established in TLG’s “Property Market in Berlin and eastern Germany 2016” report. In the [...]

Wertgrund seeks 500 apartments in Rostock

09/06/2016 Wertgrund Immobilien would like to buy at least 500 residential units in Rostock over the short to medium term and also to establish a local office there. The Starnberg-based firm said it plans a holding period of at least ten years. The first step has already been taken: 278 apartments were acquired for the Wertgrund [...]

Quantum buys three commercial buildings in Rostock

09/12/2014 Quantum Immobilien has acquired three commercial buildings with a total rental area of 3,300 sqm in the center of Rostock. The buildings at Kröpeliner Strasse 60, Kröpeliner Strasse 10 and Am Ziegenmarkt 3 were purchased for an individual fund issued by Universal-Investment. The Sixth Augusta Syndicate Germany fund company was the seller. Tenants are Brax, [...]

Rostock: Irish firm plans €100mn urban quarter

08/12/2014 Randalswood, a subsidiary of Ireland-based McGrath financial group, has presented its concept for a new urban quarter on “Glatter Aal” in central Rostock. The proposal is for a total GFA of 40,000 sqm costing €100mn under the working name “Am Rosengarten” including a shopping center on the eastern part and a complex with a hotel, [...]

Rostock: Dutch firm sells “Karavelle-Quartier”

04/09/2013 The Dutch Delta Development Group has sold the “Karavelle-Quartier” in Rostock to asset manager Prime Pitch, also seated in the Netherlands. The quarter on the Holzhalbinsel peninsula completed in 2011 by Delta and Kondor Wessels Bau Berlin has a total area of about 17,000 sqm. Earlier reports put the investment at about €40mn. Retail tenants [...]