TD News International: 22/03/2019

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Hines invests up to €400mn in German logistics properties

22/03/2019 Hines is launching a new investment strategy for logistics real estate in Germany and has already closed the first deal, involving an approximately 36,000 sqm logistics property in Maintal near Frankfurt, acquired for the Hines Global Income Trust. The complex, located directly on the A66 motorway, is fully let to Deutsche Post (DHL) and Schenker, [...]

Berlin: Capera manages 1,150 apartments for CA Real Estate

22/03/2019 Capera Immobilien Service has been managing around 1,150 Berlin apartments for the Swedish real estate investment firm CA Real Estate AB since January 1st. The portfolio has approx. 77,000 sqm of residential space and had a vacancy rate of 3.6% at the time of the commission; Dupuis is overseeing asset management. Capera is taking over [...]

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Freiburg: aik acquires building complex in Wiehre

22/03/2019 The real estate investment company aik has acquired a multi-tenant property in Freiburg for one of its eleven Spezialfonds. The complex, located at Talstraße 4-8, was built in 1989 and consists of 6,000 sqm of UFA distributed over three buildings. The seller is a company of IF Investment Holding in Freiburg. The property has around [...]

KanAm-Fonds to build 200 serviced apartments in Frankfurt

22/03/2019 The German Development Fund of the KanAm Grund Group, together with Pantera AG, is building more than 200 serviced apartments in Frankfurt’s Gutleutviertel district. The apartments, located at Gutleutstraße 296 and given the name “Myhatten”, have an investment volume of over €60mn. The property has a total of 13,490 sqm of GFA, including around 90 [...]

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Prime managing “huma Shoppingwelt” in Sankt Augustin

22/03/2019 The Düsseldorf-based company Prime has taken over asset management of the “huma Shoppingwelt” mall in Sankt Augustin, near Bonn, for Jost Hurler as of March 1st. The shopping mall was revamped and modernized in 1977 and again between 2015 and 2017, reopening in September 2017. The mall has around 50,000 sqm of lettable space and [...]

Hanover: Getec acquires properties from JP Morgan and Strabag

22/03/2019 The Magdeburg-based Getec Group has begun to build a “relevant real estate portfolio” with the acquisition of several buildings in Hanover, including the property at Joachimstraße 8 last October from JP Morgan. Deutsche Bahn will move out of the 20,000 sqm property, after which it will be converted and let to a municipal authority in [...]