TD News International: 24/09/2018

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Berlin: DIC sells SAP headquarters in Mitte to RFR

24/09/2018 DIC Asset has sold the office property “Rosenthaler Höfe” in Berlin-Mitte to RFR Holding. The glass structure near Hackescher Markt was completed in 2003 and offers more than 13,000 sqm lettable space. It is fully leased to software group SAP for a few more years. The transaction volume was well in the three digit millions, [...]

Cologne: Momeni and HanseMerkur buy Oppenheim headquarters

24/09/2018 Momeni Group and HanseMerkur Grundvermögen have acquired the three-building complex “Oppenheim Stammhaus” in downtown Cologne. Seller is Deutsche Bank. The office ensemble is located on Unter Sachsenhausen/Stolkgasse/Enggasse and Tunisstraße and has roughly 18,000 sqm. Main tenant is the private bank Sal. Oppenheim, who will be vacating its spaces in the medium term. The partners are planning [...]

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Managers take over German business of McCafferty

24/09/2018 Ramin Rabeian and Sebastian Schöberl have taken over the German business of real estate asset manager McCafferty, based in Manchester, in a management buyout. Both were founding partners when the British firm opened its first office in Germany in 2013, and thus far each held 25 % of shares in the German subsidiary. Now they have [...]

Hamburg: HC Hagemann plans hotel tower on Hamburg’s river port

24/09/2018 HC Hagemann is planning to build an 18-story hotel with 600 rooms on Hamburg’s river port. The site is located on Kanalplatz across from the “Fleethaus” on the western Bahnhofskanal. The company had previously envisioned an office tower for the lot. Hagemann will be operating the hotel themselves, expecting to attract for instance participants of [...]

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Frankfurt: Building permit for 2nd phase of “Westend Ensemble”

24/09/2018 Consus Real Estate has been granted the preliminary permit for the 2nd construction phase of the “Westend Ensemble” across from Frankfurt’s Messeturm. The existing office complex is to be converted into a mixed quarter with 243 apartments, offices, and commercial units with total floor space of 21,200 sqm by early 2022. The sales volume of [...]

Cologne: Rewe opens automated fulfillment center for online grocery orders

24/09/2018 Rewe has opened its first automated fulfillment center for online grocery orders on the Carlswerk site in Cologne-Niehl. The retail chain quotes the costs for the “Scarlet One” at around €80mn. The 17,000 sqm warehouse replaces the previous fulfillment center in Hürth, where deliveries were still packed manually. In Niehl, the products are now picked from [...]