TD News International Location: Kiel

Kiel: Dream Global prepares Post site for 800 apartments

15/09/2016 Dream Global REIT from Canada is preparing the redevelopment of another inner-city area, which it acquired as part of the Deutsche Post portfolio 2011: 600 to 800 apartments are to be built on the 5-hectare Posthof site in the Gaarden district of Kiel. A concept created by Planquadrat, which is currently being presented to the [...]

Kiel: Hamborner acquires office project for €21mn

28/07/2016 Hamborner Reit has acquired an office project in the city center of Kiel for €20.9mn. The new building located at Kaistraße includes approx. 6,550 sqm of lease space and according to Hamborner will accumulate a rental income of approximately €1.16mn annually. The gross initial yield amounts to approx. 5.5%. The seller and developer is KPE [...]

Kiel: Success operates hotels on Alter Bootshafen

06/07/2016 The Success Hotel Group has signed leases for two hotels in Kiel’s Alter Bootshafen district. The new structures planned on the corner of Andreas-Gayk-Straße and Holstenbrücke will house hotels of the ibis Styles and Adagio access brands with a total of 239 rooms. Success is also going to open a restaurant of the “Mike’s Urban [...]

Kiel: Revitalis to build Hampton by Hilton and office space

13/04/2016 Revitalis intends to build a Hampton by Hilton hotel in Kiel. The new, 11,000 sqm GFA building will be constructed near the Sparkassen-Arena and is to have 200 rooms plus office space on the upper floors. The designs for the 16- to 17-storey, 54 m tall building are by MPP Meding Plan + Projekt. Revitalis [...]

Kiel: Ikea plans €50mn investment

26/02/2016 Ikea plans to spend €50mn to modernize and expand its location in Kiel. The idea is to add 5,780 sqm to the existing building from 2002 and thus increase the total to 22,000 sqm of retail space. Another 70 seats in the restaurant are to be added and parking decks increased by two to three [...]

Brack Capital buys nearly 300 apartments in Kiel

08/01/2016 According to a mandatory announcement, Brack Capital Real Estate Investments N.V. (BCRE) has signed a purchasing contract for 296 residential units in northern Germany for €20.4mn. The rental area totals around 21,000 sqm; the occupancy rate is 99%, with an annual rental income of €1.25mn. When asked, BCRE said the apartments are in Kiel, but [...]

Kristensen buys in Kiel – wants to invest €300mn in 2016

11/11/2015 Kristensen Properties has acquired an office property in Kiel from Catella Real Estate. Kristensen said the €16.3mn deal was financed from its own funds. Laren Consulting Real Estate (Kiel) was the broker. Kristensen will hold the property with 9,180 sqm of rental space and 129 underground parking spaces in its Kristensen Partners I office fund [...]

Kiel: Axa buys commercial building from Centrum

02/11/2015 Axa Investment Managers has acquired a commercial building in central Kiel from project developer Centrum. The property at Holstenstrasse 19-27 offers 12,077 sqm of rental space on six floors and is leased to various retailers, including TK Maxx, and to public authorities. Centrum revitalized the building dating from the 1960s and reopened it this past [...]

F&C Reit buys in Gelsenkirchen, Kiel, and Bodenheim

15/07/2014 F&C Reit Deutschland has acquired two retail buildings in Gelsenkirchen and Kiel for the “Best Value Germany II” Spezialfonds (BVG II). In Gelsenkirchen, the fund took over a building on Bahnhofstrasse with 3,400 sqm of net rental space. The property built in 1957 was last refurbished in 2005. In Kiel, the 800 sqm of rental [...]

Kiel: Design Bau to invest up to €100mn in urban quarter

26/04/2013 Design Bau AG plans to build nearly 250 apartments plus commercial space with a total GFA of 56,000 sqm on four construction sites at the “Kieler Hörn” area. The city’s allocation procedure is nearly complete. Design Bau CEO Thomas Schwinger-Caspari told TD that “If the approval now takes place swiftly, we hope to start developing [...]