TD News International Location: Kiel

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 [...]

Kiel: aik acquires commercial building from Deka for €24mn

10/02/2012 The aik investment house has purchased a retail building in Kiel for approximately €24mn. The property in the prime location of Holstenstrasse 46 will be placed in the retail theme fund called Retail Germany Plus. Deka Immobilien Investment was the seller. The building previously held in this open-ended fund’s portfolio has a total area of [...]

Kiel: Aberdeen sells “Sophienhof” shopping center to Union Investment

16/01/2012 Union Investment has acquired the “Sophienhof” shopping center in Kiel from Aberdeen Immobilien for its open-ended property fund UniImmo: Deutschland. The Sophienhof was previously a part of the portfolio of the open-ended fund Degi Europa. According to the sales leaflet, the fair market value of the fund added up to €150.8mn on June 30, 2011. [...]

Kiel: Design Bau and Nagel-Architekten planning neighborhood

10/10/2011 Design Bau and Nagel Architekten want to develop an urban neighborhood in the Kai-City area on the east bank of the Kieler Hörn. On four construction sites totaling 12,200 sqm, 56,350 sqm of gross floor space for apartments, student housing and hotel, boarding house, office and retail use are to be developed. The investment is [...]

Kiel: Möbel Kraft to build new branch for €60mn

25/07/2011 Starting in 2013, Möbel Kraft wants to build a new branch in Kiel. The furniture concern seated in Bad Segeberg will probably invest €50mn to €60mn in its new location, which is to have a sales area of 40,000 sqm. The favored location is a colony of small gardens on Westring, at the corner of [...]

Kiel: Matrix lays cornerstone for €75 million shopping center

14/07/2011 Matrix Property has laid the cornerstone for the “Nordlicht” shopping center in Kiel. A former Karstadt is to be converted into 20,000 sqm of commercial rental space on four levels at a cost of approximately €75 million. Matrix is reporting that the occupancy rate is 90%, even before the start of construction. The largest tenant, [...]

Kiel: Highstreet sells Karstadt-Sporthaus

26/01/2011 The retail building at Holstenstrasse 55-59 in Kiel has changed hands. The new owner is an individual investor who acquired the ca. 6,100 sqm building, formerly used by Karstadt Sport, from the Highstreet property consortium. It was agreed that the purchase price would not be divulged. Transaction services were provided by the Retail Specialists Germany [...]

Kiel: Hotel Atlantic opened

22/06/2010 The “Hotel Atlantic Kiel” has been opened in Kiel. The four star plus hotel has 187 rooms and is situated near the main train station. The builder is Bremen-based Zech Group, which reports that it invested approximately €27mn in the project.