TD News International: 12/12/2018


Godewind buys Zeughausquartier in Hamburg and Y2 in Frankfurt

12/12/2018 Godewind Immobilien’s buying spree continues. The listed company is reporting an asset deal with two office properties in Hamburg and Frankfurt for a total price of €205mn. Annual rental income adds up to €9.4mn, resulting a gross initial yield of 4.6 %. CBRE advised the seller. According to TD research, one of the assets is [...]

Medici Living and Corestate want to invest €1bn in co-living

12/12/2018 Medici Living and Corestate have agreed on an extensive collaboration in the co-living segment and have declared their intentions to invest €1bn across Europe over the next three to five years in suitable existing properties and developments, half of them in Germany. They will be focusing on cities with more than 500,000 inhabitants and properties [...]


Hamburg: Warburg-HIH buys office building on Eiffestraße

12/12/2018 Warburg-HIH has acquired a 9,000 sqm office building from Wegner Immobilien for the real estate fund Norddeutsche Versorgungswerke in Hamburg. The building on Eiffestraße 585 near City-Süd is fully leased to several tenants. The weighted average lease term is 12.5 years. The rent, Warburg-HIH states, is below that of an equivalent new building. Anchor tenant is Asklepios Kliniken with [...]

TLG portfolio appreciates by up to €400mn

12/12/2018 The portfolio of TLG Immobilien has increased in value by up to 11 % since July, not counting new additions and sales. As the company reports ad hoc, Savills and Cushman & Wakefield anticipate appreciation by year’s end of from €370mn to €400mn compared to the mid-year balance. TLG benefitted from the yield compression and [...]


Hamburg: HanseMerkur buys “Phoenix-Kontor”

12/12/2018 HanseMerkur Grundvermögen has acquired the “Phoenix-Kontor” in Hamburg’s inner city from HPE Hanseatische Projektentwicklung for one of its open-ended real estate Spezialfonds. The ground floor of the roughly 4,000 sqm building on Brandsende houses a “Hans im Glück” system restaurant, the upper floors are occupied by an Aparthotel and offices. The property is to be [...]

Matthias Winkelhardt runs CA-Immo office in Frankfurt

12/12/2018 Matthias Winkelhardt (42) has been the new Head of Asset Management Frankfurt and manager of the Frankfurt office since December 1st. In this position, he is responsible for all asset and property management activities of CA Immo in Frankfurt, including tenant support and retention. Winkelhardt started his professional career in the Frankfurt lease department of [...]