TD News International: 04/08/2015

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Allianz consortium buys Tank & Rast

04/08/2015 Terra Firma and Deutsche Asset & Wealth Management have sold the Tank & Rast German expressway service stations operator to a consortium anchored by Allianz Capital Partners. Also on board are Canada-based Borealis, Abu Dhabi Investment Authority subsidiary Infinity Investments, and MEAG. The partners in the contract haven’t announced the sale price, but according to [...]

Bremen: “Waterfront” shopping center changes hands for €212mn

04/08/2015 Denmark-based pension fund ATP has paid €212mn for the “Waterfront” shopping center in Bremen. This was announced by ECE, which will now be the property’s manager. This deal was already rumored by the press in April, and ECE has now added that the Otto family holds a 5% minority share. LNC Property and Resolution Real [...]

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Amundi buys portfolio from Union Investment for €1bn

04/08/2015 France-based asset manager Amundi has acquired the the €1bn “Aqua-Portfolio” from Union Investment. Amundi confirmed the pertinent “Europroperty” report. The transaction includes 17 office buildings totaling 279,000 sqm in the UK, France, Germany, the Netherlands, Austria, and Finland, according to the report. The portfolio generates an annual rental income of €85mn. The largest of the [...]

Alstria doubles profit, reports slightly shrinking sales and FFO

04/08/2015 Property sales lowered Alstria Office REIT’s revenues by 6.1% to a total of €48.3mnfor the first half year. Funds from operations (FFO) dropped 5.2% to €23mn, but remained “fully in line with alstria’s FY guidance.” Nevertheless, the net result for the period more than doubled, from €6.6mn to over €15mn. The driver was the value [...]

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Munich: Unify rents 9,000 sqm in HighLight Towers

04/08/2015 Unify has been secured as the new anchor tenant in Munich’s HighLight Towers. The IT company has leased almost 9,000 sqm there. Landlord KanAm said Unify will occupy eight floors and part of the ground floor in Tower 1 shortly after the new year begins. Knight Frank represented the tenant and Colliers International Munich was [...]

Publity buys office building in Unterschleissheim

04/08/2015 Publity has acquired a four-story office building with 3,000 sqm of usable space in Unterschleissheim near Munich from CLS Holdings. The property at Lise-Meitner-Strasse 4 completed in 2001 currently has five tenants. It has a total of 47 parking spaces, 34 of them underground. CMS Hasche Sigle handled legal matters for the transaction.

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CR sells Hertie buildings in Rhineland-Palatinate and Bavaria

04/08/2015 CR Investment has sold the former Hertie department store buildings in Idar-Oberstein, Rhineland-Palatinate, (7,876 sqm of rental space on Auf der Idar) and in Deggendorf near Regensburg, Bavaria, (8,281 sqm on Oberer Stadtplatz). The Globus chain bought the Idar-Oberstein property with plans to revitalize the building for continued retail use. Erlbau acquired the Deggendorf store, [...]