TD News International Location: Kiel

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 [...]

Kiel: Oceanographic institute to receive €90mn headquarters

10/09/2012 The Geomar Helmholtz Centre for Ocean Research in Kiel is going to receive a new headquarters for €90mn. In addition to its existing building on the eastern bank of the fjord, a new complex measuring 15,000 sqm is to be developed. A Europe-wide design competition was won by Berlin-based Staab Architekten. In the first phase [...]

Kiel: Gedo gives up on €180mn Rathausgalerie project

18/06/2012 After seven years of planning the “Rathausgalerie” in downtown Kiel, real estate developer Gedo Grundstücksentwicklungs- und Verwaltungsgesellschaft (Grünwald/Munich) announced that it has pulled the plug on the shopping center project estimated at €180mn. As CEO Martin Friedrich told TD, no agreement could be reached with five parties concerning the purchase of a piece of land. [...]

Kiel: Strabag leases 13,200 sqm to Bima

14/02/2012 The Bima agency for federal real estate has rented ca. 13,200 sqm of office space on Kronshagener Weg in Kiel from Strabag Property and Facility Services. The lease has a 15-year term. Around 550 employees of the Main Customs Office, the Customs Investigation Office and the Federal Treasury will be housed in the four-story office [...]