TD News International: 30/09/2015

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Hamburg: Momeni plans €300mn quarter for Springer area

30/09/2015 Momeni and Black Horse Investments have acquired the Axel-Springer-Verlag site in Hamburg’s Neustadt district. They plan to develop a residential, office, and retail complex called “Axel Springer Quartier” for around €300mn on a lot between Caffamacherreihe and Kaiser-Wilhelm-Strasse. The designs with a total GFA of 45,000 sqm were drafted by gmp von Gerkan, Marg und [...]

Berlin: Union Investment buys hotel project on Alexanderplatz

30/09/2015 Union Investment has directly acquired the Hampton by Hilton hotel project on Berlin’s Alexanderplatz from Lambert Wohnbau, its developer, in an off-market transaction. The three-star, 344-room hotel under construction on the corner of Mollstrasse and Otto-Braun-Strasse is scheduled for completion by the beginning of 2017. The adjoining residential part of the project is not included [...]

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Leipzig: GRK plans residential quarter for €175mn

30/09/2015 GRK Holding wants to develop the around €175mn “Parkresidenz Dösen” residential area in Leipzig. The plan is to redevelop 35,000 sqm in existing buildings on the old hospital area and build 15,000 sqm of new floor space. GRK told TD that in addition to around 600 apartments, a supermarket, and possibly a daycare or social [...]

Stuttgart: Hansa headquarters sold for €13.5mn

30/09/2015 A local foundation has purchased the Hansa Armaturen headquarters building in Stuttgart’s Möhringen district. The announcement said a “renowned real estate developer” was the seller. According to TD’s information, it was BPD Immobilienentwicklung. The purchase price was €13.5mn; Savills was the broker. The property built in 2005 has around 5,560 sqm of rental space.

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Hamburg: Corum buys movie theater from Signature

30/09/2015 Corum, an asset management company based in France, has acquired the “Eastbek Gallery” in Hamburg from Signature Capital’s Melon Tree fund. It will hold the 23,900 sqm entertainment center on Friedrich-Ebert-Damm in its “Corum Convictions” REIT. The anchor tenant is a UCI cinema with a Fitness & Friends studio and a car dealership as the [...]

Newport hires Frank Zabel away from competitor Centrum

30/09/2015 Frank Zabel (52) will switch to Newport Holding on January 1, 2016. The Hamburg-based investor and developer specializing in retail real estate said Zabel will be its head of business in Germany. He is leaving the Düsseldorf-based Centrum group where he has been a managing director since 2009. Earlier, he was Head of German Real [...]