TD News International Location: Wuppertal

Quadoro-Fonds buys Friedrichsarkaden in Wuppertal

06/06/2018 Quadoro Doric has acquired the Friedrichsarkaden in Wuppertal for the open-ended Spezial-AIF Vontobel Sustainable Real Estate Europe. The mixed-use property is fully leased. It encompasses around 6,100 sqm on six above-ground levels with flexible office, retail, and practice spaces, and a basement with underground garage. Catella Property brokered the property. The unnamed seller of the [...]

New Immac Spezialfonds buys two care facilities in North Rhine Westphalia

23/06/2017 Immac has acquired two care facilities for a new Spezialfonds: the property Edith-Stein-Straße 23 in Wuppertal, and Johanniterweg 1 in Wassenberg. Together, the two properties provide space for 154 residents and 26 assisted living apartments. The seller is a German insurer. Both facilities are operated by Johanniter Seniorenhäuser GmbH. The new Spezial-AIF is still being [...]

Wuppertal: Coresis buys Ohligsmühle

14/12/2016 Coresis Management (Bad Homburg) is buying the office building Ohligsmühle in Wuppertal for its real estate Spezialfonds “Deutsche Wirtschafszentren”. The seller of the property with about 11,500 sqm office and restaurant space is Kondor Wessels. The purchase price is in the middle double-digit millions. Long-term tenants include law firms, tax consultancies, financial services providers, a [...]

Logistics provider building new center in Wuppertal

28/11/2016 A new logistics center is about to be built near Wuppertal for the family enterprise Gebr. Taskin Logistics from Sprockhövel. Demolition is currently underway on the 22,500 sqm former Metro site in Langerfeld industrial park. Plans call for a 15m hall with 11,000 sqm floor space and about 27,500 additional palette spaces. Goldbeck will be [...]

Wuppertal: PDI to build Holiday Inn Express for €30mn

31/07/2015 PDI Gruppe is going to develop a 163-room Holiday Inn Express hotel and 800 sqm of retail space in central Wuppertal with a project volume of around €30mn. The franchise for the hotel was taken by GS Star. PDI’s acquisition of the site and the lease to GS Star were handled by law firm Rotthege [...]

Wuppertal: Landmarken buys Villa Amalia, planning renovation

12/06/2015 Landmarken AG has acquired the Villa Amalia property in Wuppertal. The ensemble on Briller Strasse, listed as historical since 1986 and vacant for the past three years, will now be redeveloped by Landmarken. The Villa, which is part of the ensemble, is slated for renovation in keeping with historical preservation guidelines, and is to be [...]

PDI acquires two centrally located lots in Wuppertal

11/06/2015 Düsseldorf-based PDI Property Development has acquired two properties centrally located in Wuppertal’s Elberfeld district from two institutional asset management companies. The lots on the corner of Wall and Schlossbleiche are slated for a development that is still being negotiated with the city of Wuppertal. PDI said more definite plans are expected in the coming weeks. [...]

Wuppertal: FOC project pre-approved – ROS named center manager

01/06/2015 The Clees group has been given a preliminary building permit for the first phase of the factory outlet center it wants to develop in Wuppertal. Clees said the phase will create a rental area of 10,000 sqm for up to 65 shops. The next two phases, which will bring the total rental area to 30,000 [...]

Wuppertal: F&C Reit acquires retail building

03/04/2014 F&C Reit Asset Management has acquired a retail building in central Wuppertal for the Best Value Germany I fund (BVG I) managed by Hansainvest. It was sold by a company from the Ruhr region. Lührmann was the broker. The property is at Erholungsstrasse 19 in the Elberfeld District and has 6,950 sqm of rental area [...]

Wuppertal: B&L ends revitalization – Rossmann moves in

25/02/2014 B&L Gruppe has completed revitalization of the Alte Freiheit 21/Hofaue 95 commercial building in Wuppertal. The main tenant of the 1,200 sqm of retail space is drugstore chain Rossmann. On February 13, Italian cosmetics label Flormar also opened a store there. Jones Lang LaSalle acquired the tenants. B&L had purchased the property between the “City-Arkaden” [...]