TD News International Location: Dresden

Dresden: Biggest chip factory in Europe planned

02/06/2010 At its location in Dresden, the chip producer, Globalfoundries, wants to build Europe’s biggest chip factory. The firm announced that it is going to construct a new facility with around 10,000 sqm of space for dust-free rooms. Together with existing capacity, chip production is thus to be increased from 30,000 to 80,000 per month. According [...]

Dresden: Gagfah sells inner city portfolio of 1,690 apartments

11/05/2010 Gagfah has sold a package containing 1,690 apartments as well as a number of commercial units. In an interview with the daily newspaper “Sächsische Zeitung,” a spokesperson said that the buyer is Berlin-based DTE 3 und DTE 4 GmbH & Co. KG. The so-called Prager Zeile in the inner city belongs to the package, among [...]

Dresden: TLG plans €35mn hotel and commercial building

23/04/2010 TLG Immobilien wants to develop an office and hotel building for €35mn on Postplatz in Dresden. In an interview with THOMAS DAILY, the company confirmed a report to this effect printed in the daily newspaper “Sächsische Zeitung.” The low-budget Motel One chain has signed on as the operator of the planned two star, 287 room [...]

Dresden: City rents 10,000 sqm in World Trade Center

15/03/2010 The City of Dresden has rented temporarily some 10,000 sqm of office space in the World Trade Center (WTC). This is the biggest lease contract on the Dresden office market in the past five years. The landlord is SRE Resolution GmbH, a subsidiary of Colonia Real Estate. Occupancy by 450 employees is to take place [...]

Dresden: Aurelis sells office building to Irish investor

15/03/2010 Aurelis Real Estate has sold an office building leased to Deutsche Bahn that has about 7,200 sqm of leasable area at Ammonstrasse 8, in Dresden’s Wildruffer Vorstadt district. The firm announced that the buyer is an Irish investor represented by PFS Private. It was agreed that the purchase price would not be disclosed. The buyer [...]

Dresden: Financing for Swissôtel on Neumarkt finalized

02/03/2010 Baywobau Dresden GmbH recently signed the last financing contract with Eurohypo for construction of the five star hotel in Quartier VIII at Neumarkt. In an interview with THOMAS DAILY, Claus Fiebiger, business manager of Cosmo Immobilien GmbH, commissioned to manage the construction, said that a 235 room hotel to be operated by the Swissôtel Group, [...]

Dresden: Sol Melía opens Innside Premium Hotel in Neumarkt district

05/01/2010 The Spanish hotel chain, Sol Melía, has opened its around €38mn Innside Premium Hotel in Dresden’s Neumarkt district. The four-star superior hotel between Salzgasse and Rampische Strasse has 163 design studios and suites, each measuring up to 65 sqm, and 17 split-level studios of around 43 sqm. The building owner is Fibona Beteiligungs-Holding GmbH Taunusstein. [...]

Dresden: Construction work on Holiday Inn hotel to be launched in January

30/09/2009 Hotel developer Foremost Hospitality wants to start building a Holiday Inn Express hotel in the city of Dresden in January, 2010. In an interview with THOMAS DAILY, Foremost’s CEO Hubert van de Loo said that the four star house planned at Dr.-Külz-Ring 17 will offer 218 rooms on seven complete stories and a penthouse level. [...]

Dresden: Multi Development opens „Centrum Galerie“ shopping center

17/09/2009 Today, Multi Development Germany has opened its “Centrum Galerie” on Prager Strasse in Dresden. The biggest shopping center within the Dresden city limits, with 52,000 sqm of sales area, built for approximately €290mn within a two-year period, has room on four floors for 120 stores. Around 1,000 parking spots were also developed. The tenants in [...]

Dresden: ECE commissions Züblin to expand “Altmarkt-Galerie”

28/08/2009 The expansion of the “Altmarkt-Galerie” shopping center in Dresden is to be carried out by Ed. Züblin AG. The firm announced that it received the €67mn construction order from ECE Projektmanagement. Within the framework of the project, the current 26,000 sqm center is to be enlarged by 18,000 sqm of sales area. A hotel will [...]