TD News International Location: Ulm

Hannover Leasing starts private AIF with hotel property in Ulm

02/05/2018 Hannover Leasing is launching the private fund “Hotel- und Büroimmobilie Ulm”. The fund invests in the Leonardo Royal Hotel in Ulm, which Hannover Leasing has acquired from Pro Invest for about €27.8mn. That price corresponds to a purchase yield of 5.13 %. The transaction had been announced last November, but without naming the purchase price. [...]

Ulm: Hannover Leasing buys Leonardo Royal Hotel

28/11/2017 Pro Invest has sold the Leonardo Royal hotel being built in Ulm’s Dichterviertel to Hannover Leasing. The four-star facility belonging to the Fattal Group is to be completed in the spring of 2018. As mentioned in a release, Hannover Leasing will probably place the asset in a retail fund. Savills brokered the deal and advised [...]

Ulm: Aachener Grund buys Sedelhöfe

14/07/2016 Even before the start of construction, DC Developments/DC Values ​​has found a final investor for the planned “Sedelhöfe” located at the main railway station in Ulm: Aachener Grundvermögen will take over the shopping center after completion. The property has been acquired, said Frank Wenzel, Manager of the Aachener Grund upon inquiry by TD. The company [...]

Ulm: Pro Invest plans residential and commercial project in Dichterviertel

11/12/2015 Pro Invest wants to begin construction in Ulm’s “Nördlichen Dichterviertel” district next spring. Several residential buildings plus a 148-room four-star hotel with office space are to be built. Managing Director Rainer Staiger told TD that the investment will exceed €50mn. The new “Leonardo Royal Hotel” is to open at the end of 2017 and will [...]

Realogis buys two logistics properties from Habacker

02/12/2015 Realogis Real Estate has acquired two logistics properties in Waiblingen near Stuttgart and in Langenau near Ulm from Habacker Holding. The 5,000 sqm building in Waiblingen completed at the end of 2014 is currently used by DHL as a package distribution center. The recently completed property in Langenau with 26,500 sqm of logistics space is [...]

TH and Palmira acquire logistics property near Ulm

26/05/2015 TIAA Henderson Real Estate (TH Real Estate) and Palmira Capital Partners acquired a package handling center in Dettingen an der Iller (Biberach County, Upper Swabia) for their joint German Logistics Fund (GLOF). According to the company, a fund managed by Axa IM was the 8,000 sqm property’s seller. Neither the price nor any further details [...]

Ulm’s Objekta to be new NAI apollo partner

09/02/2015 NAI apollo has won a brokerage partner in the Ulm region by teaming up with Objekta Immobilienkontor. According to an NAI apollo statement, this move is part of its strategy to strengthen its presence in secondary locations in Germany. Objekta was founded in 2006 and its ten employees place commercial real estate and investment properties [...]

Ulm: DC Commercial to build Sedelhöfe shopping center

29/01/2015 The Sedelhöfe shopping center planned at Ulm’s central station will be built by DC Commercial and DC Values. On Wednesday evening, the Ulm City Council voted by a large majority in favor of the takeover of the SPV11 project company through the Hamburg-based firms. The investor change was necessary because original developer MAB shut down [...]

Ulm: DC Commercial to enter “Sedelhöfe?”

21/01/2015 MAB Development has apparently found a buyer in DC Commercial for the “Sedelhöfe” shopping center project next to the central station in Ulm. A company spokesperson told TD that it has great interest in acquiring the project estimated at €130mn. However, details about the proposed purchase of the SPV11 project company and about concrete development [...]

Goodman to build new WMF logistics property near Ulm

16/01/2015 Logistics property developer Goodman announced that starting this month, it will build a 21,000 sqm logistics property for tableware manufacturing group WMF in Dornstadt near Ulm. WMF will thus double its warehouse capacity at its site in southern Germany. Completion is scheduled for the third quarter. WMF, owned by investment firm KKR since 2012, is [...]