TD News International: 06/12/2017
06/12/2017 Tristan Capital Partners has acquired an office building in Bonn from Art-Invest in an off-market deal for €35mn. The transaction had become known in October, but without a purchase price and the name of the seller. The property on Godesberger Allee 83-91 has 18,658 sqm floor space that are fully leased to Deutsche Telekom. The [...]
06/12/2017 The American luxury hotel group Rosewood Hotels & Resorts is planning its first German location in Munich. The chain has established a management contract with Bayerische Hausbau for the KF1 ensemble (Kardinal-Faulhaber-Straße 1) in the old center of the city. Starting in early 2019, the property’s more than 20,000 sqm floor space will be converted [...]
06/12/2017 Momeni has bought the property at Katharinenstraße 23 in downtown Hamburg from the Oetker Group. The firm plans to demolish the existing building and erect a new structure by the end of 2020. Roughly 10,000 sqm GFA are to be developed for office use directly on Nikolaifleet. The district, also called Cremon peninsula, is gaining [...]
06/12/2017 Coresis Management of Bad Homburg v.d.H. and Universal-Investment have purchased the office property Kampstraße 49 in Dortmund. The building, which was modernized in 2017, offers around 8,600 sqm office space. Long-term tenant is the city of Dortmund, which operates its employment agency in the building. The property in a prime downtown location was sold by [...]
06/12/2017 Insurer R+V Versicherungsgruppe has bought the former “Marktpassage” in downtown Bielefeld. The seller of the property on Bahnhofstraße 27a is a property management company of Cerberus. JLL advised the seller and brokered the transaction. The company had restructured the mall as part of an asset management mandate in 2015 and 2016. The building, which is [...]
06/12/2017 Deutsche Bahn is leasing roughly 3,500 sqm office space in the Taunusquartier in Frankfurt’s railway district. The office and commercial building on Taunusstraße 45-47, which is now fully leased, belongs to a Swiss family office and is being managed by Gateway Asset Management. Deutsche Bahn intends to move in at the beginning of 2018.