TD News International Location: Wiesbaden

Wiesbaden: KanAm Grund fund buys the “Two” office building

13/08/2019 The KanAm Grund Group has acquired the TWO office building, located at Abraham-Lincoln-Strasse 44 in Wiesbaden, for its institutional fund “Fokus Süddeutschland Fonds”. The seller is a joint venture of DDC/KPE and Development Partner, a subsidiary of Gateway Real Estate. The purchase price is said to range in the high double-digit millions. JLL brokered the [...]

Wiesbaden: FBW buys residential buildings at “Kureck”

06/08/2019 The FBW Group (Dreieich) has acquired a majority stake in the residential area of the “Kureck” project in Wiesbaden. A residential tower with 85 units and nine buildings with 70 units are to be built at the downtown location. The seller is Heidelberger IFM Immobilien, which is carrying out the residential project in a joint [...]

Wiesbaden: new building for Prizeotel

31/07/2019 Steinberg Hinkel Projektentwicklung is building a hotel in Wiesbaden for the budget hotel chain Prizeotel. A new 156-room hotel building, designed by the architectural firm Grabowski.Spork, will be built at Gustav-Stresemann-Ring 6 starting in 2020. The two-star superior hotel is scheduled to open in 2021. The operators hope to benefit from proximity to the new [...]

OFB acquires municipal offices on Schiersteiner Berg in Wiesbaden

30/07/2019 OFB Projektentwicklung has acquired the public authority center “Behördezentrum Schiersteiner Berg” in Wiesbaden, located on around 37,000 sqm of land and with around 63,500 sqm of lettable space in an asset deal from a Patrizia spezialfonds. The buildings, most from the 1970s and early 1980s, are being let to the State of Hesse. OFB intends [...]

HanseMerkur buys 113 apartments in Wiesbaden

13/06/2019 HanseMerkur Grundvermögen has acquired a residential project in Wiesbaden’s Künstlerviertel (artists’ quarter) area from Zederbaum Development. The project, located at the corner of Aßmannshäuser Straße and Maria-Sybilla-Merian-Straße, consists of 113 residential units – 104 rental apartments and nine fully furnished apartments – on 7,800 sqm. It will be completed by the fall of 2021. HanseMerkur [...]

Wiesbaden: BKA moves into 22,000 sqm in DIC office building

18/02/2019 DIC Asset is converting the office building Frankfurter Straße 50 in Wiesbaden for about €33mn. As TD learned, the German Federal Criminal Agency BKA is planning to move in on 1 January 2020. The Institute for Federal Real Estate (Bima) and DIC signed the lease for the roughly 22,000 sqm office space back in late 2017. The [...]

Wiesbaden: Commerz Real divests office building

29/11/2018 Commerz Real’s closed-end real estate fund CFB 49 has sold an office property at Lorenz-Schott-Straße 4 in Wiesbaden’s Mainz-Kastel district to a special purpose company of Immo Raising. Built in 1994, the asset consists of 8,500 sqm of lettable space, an underground parking garage with 119 spaces, and 68 outdoor parking spaces. The CFB 49 [...]

Union Investment buys apartment project in Wiesbaden

24/10/2018 Union Investment has acquired a planned micro-apartment complex near Wiesbaden’s main station as part of a forward funding agreement. Seller and developer is GBI Group. After acquisitions in Graz and Vienna, the micro-apartment project in Wiesbaden is the third property to be added to the Spezialfonds Urban Living Nr. 1 launched in 2017 by Union [...]

Wiesbaden: State of Hesse leases 5,000 sqm from Conren Land

05/09/2018 Conren Land has established two long-term office leases for the business property Kaiser-Friedrich-Ring 98 in Wiesbaden. The state of Hesse is leasing about 5,000 sqm for its data processing center starting late this year. In early December, state health insurer DAK-Gesundheit will be moving into 720 sqm. The six-story building across from the main station has [...]

Barmenia buys housing and office project in Wiesbaden for €38mn

28/08/2018 Orion Capital Managers has begun construction of a housing and office ensemble next to Wiesbaden’s main station. By the end of 2019, an office building with 5,400 sqm lettable space and two residential buildings with 43 units and an underground garage will be erected between Klingholzstraße and Fischerstraße. As TD learned, health insurer Barmenia bought [...]