TD News International: 22/09/2017

Advertisement

Dortmund: Intown residential complex evacuated due to lack of fire protection

22/09/2017 The City of Dortmund evacuated the high-rise building Hannibal II in Dorstfeld due to serious deficiencies in fire protection. Approx. 800 residents had to leave their 400 apartments immediately after the fire brigade and building inspector discovered during an inspection that “the permits for the fire protection concept must be rejected due to structural changes”, [...]

Berlin: Commodus invests €50mn in Alte Post – Regus leases 4,600 sqm

22/09/2017 Commodus Real Estate has begun renovation on the Alte Post in Berlin-Neukölln. On the 5,584 sqm plot between Karl-Marx-Straße 97/99 and Donaustraße 42, the former main post office with 9,000 sqm of lettable area (5,600 sqm of which is for offices, the rest for retail and gastronomy) is being renovated, two residential floors are being [...]

Advertisement

CPI: Affordable refi in Berlin – bond worth billions planned

22/09/2017 Berlin Hyp provides GSG Gewerbesiedlungs-Gesellschaft with a seven-year loan for €510mn to refinance its portfolio consisting of 41 commercial centres in Berlin. This will replace loans from a bank consortium and another credit institution. As reported by GSG parent CPI Property, the margin is less than 1%, which means that interest costs are “significantly” reduced. [...]

Halle: Baywobau builds residential district for €50mn

22/09/2017 The developer Baywobau will construct 250 apartments on the former RFT site in Halle’s city centre. According to a company spokesperson, the unused land between Ernst-Toller-Straße, Rudolf-Breitscheid-Straße, Willy-Brandt-Straße and Niemeyerstraße was purchased in June from Bankaktiengesellschaft (BAG). The cost of construction of the residential block “Riebecks Gärten” is estimated at €50mn and will start in [...]

Advertisement

Aik buys residential and commercial buildings in Braunschweig

22/09/2017 Aik from Düsseldorf has acquired a building complex in Braunschweig’s city centre consisting of four residential and commercial buildings for a West German pension fund. The seller is a listed German real estate company. Angermann from Hamburg advised on the transaction. The four buildings on Friedrich-Wilhelm-Straße, built between 1900 and 1985, have a combined total [...]

Irish burger chain to initiate market entry in Germany

22/09/2017 Irish burger chain Rocket Restaurants is heading to Germany. To this end, the Irish company has signed a license agreement with catering company Areas Deutschland. The company is searching for locations at transport hubs such as railway stations, airports and service stations as well as restaurants in shopping centres. Initially, the chain plans to head [...]