TD News International Location: Dresden

Axa buys Dresden residential project for €100mn

28/11/2017 Axa Investment Managers has acquired an urban residential development in Dresden for about €100mn. The project on a site called “Güntzareal” in the Johannstadt district will include 350 residential units, of which 137 will be furnished micro-apartments, as well as retail and commercial areas. The project is scheduled to be completed by 2020. Developer ZBI [...]

Arsago sells 390 Dresden apartments to Deutsche Wohnen

19/10/2017 Arsago Real Estate has sold 389 apartments and 48 retail units in Dresen to Deutsche Wohnen as part of an asset deal. According to a report, the 19 properties are located in good to very good urban locations ad comprise 31,331 sqm of space. Arsago had bought the properties individually. The sale enabled “a clear [...]

Brits sell two German shopping centres

29/09/2017 British investment company IM Properties has sold the Schlossgalerie in Wittlich (Rhineland-Palatinate) and the Löbtau Passage in Dresden. Anchor tenants of the approx. 6,500-sqm Schlossgalerie include C&A and the drug store chain Müller; and in Löbtau, Rewe, DM and Reno are the largest users (also about 6,500 sqm). IM acquired the properties completed in 2009 [...]

Dresden: Deka purchases 73,000 sqm of “World Trade Center”

04/09/2017 Deka Immobilien has acquired six to eight sections of the “World Trade Center” building in Dresden. The deal encompasses 73,300 sqm lettable space comprising 45,100 sqm office space, 12,100 sqm hotel space and 10,100 sqm retail space, as well as a theater and warehouse. The buildings are fully letted and will be added to the [...]

Dresden: CG sells €140mn project to Aberdeen

29/08/2017 The CG Group has sold the “Quartier Hoym” district planned at the Neumarkt in Dresden to Aberdeen Asset Management. With a project volume of approx. €140mn, 26,651 sqm of residential and commercial space are being built on the 9,300-sqm plot. In detail, the project includes 250 apartments, commercial and gastronomy areas, offices and a hostel [...]

Dresden: aik buys on Prager Straße

09/08/2017 Düsseldorf-based aik Immobilien Investmentgesellschaft acquired a retail property in Dresden’s city centre. The seller of the existing property is FDM Management, a subsidiary of FDR Hospitality. Arcadia Investment Group from Leipzig advised on the transaction. The property is located on Prager Straße and the sole tenant since the building’s refurbishment in 2008 is US retailer [...]

Dresden: Aberdeen buys Indigo Hotel near “Kulturkraftwerk”

13/04/2017 Aberdeen Asset Management is also buying the hotel project in the new quarter on Wettiner Platz in Dresden. The seller of the hotel under the IHG-brand Indigo is the joint venture of Revitalis und Dereco, who is developing the quarter across from the “Kulturkraftwerk”. The boutique hotel will have 132 rooms and should be finished [...]

Dresden: Arax buys Seidnitz Center

08/03/2017 Arax Properties has purchased the Seidnitz Center in Dresden. The 33,200 sqm shopping center on Enderstraße 59 has been under insolvency administration since 2013. The seller was advised by Savills. Rewe and Aldi were signed as new anchor tenants in the summer of 2014. Other tenants include Deichmann and Woolworth. The building has around 19,650 [...]

Dresden: Polis buys WTC building

07/03/2017 Polis Immobilien has acquired a building of the World Trade Center ensemble on Rosenstraße in Dresden. The seller of the 13,400 sqm structure is a Spanish investor. The seven-story building was constructed in 1996 and is fully leased. The main tenant is Dresden’s municipal utility Drewag. The WTC Dresden, a complex of eight individual properties, [...]

AXA IM buys student housing project in Dresden

24/02/2017 AXA Investment Managers has acquired a planned student housing complex in Dresden’s Südvorstadt-West. The project on Nürnberger Platz and thus directly adjacent to the Technical University campus will encompass 289 apartments with 15,910 sqm GFA on eight floors and is scheduled to be finished by the spring of 2019. Some retail space is also planned. [...]