TD News International: 24/01/2018

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Deka buys property worth €4.2bn in 2017

24/01/2018 Deka Immobilien did real estate transactions with a volume of €5.9bn last year. Purchases alone came to €4.2bn, almost as much as the previous year’s entire transaction volume (€4.3bn). The real estate branch of DekaBank did not shy away from large tickets like the Frankfurt Tower 185 (€775mn) and the office building One Cannon Place [...]

Nationwide logistics space take-up stable – Amazon is coming to Mönchengladbach

24/01/2018 Shortage of available space and bottlenecks with construction companies hardly slowed the nationwide take-up of logistics space in Germany in 2017. According to CBRE, leases and owner-occupation deals added up to 6.5mn sqm, bringing the total to just 3 % below that of record year 2016. In the 4th quarter alone, 2mn sqm were added, [...]

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Vonovia acquires Germany CEO from Credit Suisse

24/01/2018 Vonovia has appointed Helene von Roeder (47) to its executive board. By mid-year, she will be taking over the responsibilities of current Chief Controlling Officer Gerald Klinck, who decided last August to let his contract expire. Von Roeder, who has a degree in astrophysics, has been running the Germany business of Credit Suisse since 2014. [...]

Bonn: Sparkasse sells Galerie

24/01/2018 Sparkasse KölnBonn is selling its new building “Galerie Sparkasse” on Bonn’s Friedensplatz. The buyer is a consortium of pension funds of large corporations. The notary agreement for the office and commercial building with 16,500 sqm total floor space has already been signed, though the sale has not been closed. Sparkasse is using 6,000 sqm in [...]

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Barings buys C&A building in Erlangen

24/01/2018 Barings Real Estate has acquired the retail building Rathausplatz 4 in Erlangen for the Stuttgarter Immobilien-Spezialfonds (SIS-Fonds) of insurance group Stuttgarter Versicherung. The seller is a joint venture of Värde Partners and Accom, for whom JLL brokered the deal. Barings was legally advised by GSK Stockmann Rechtsanwälte. The structure was built in 1970 and thoroughly [...]

Revitalis plans Boutique hotel near Erfurt station

24/01/2018 Hamburg-based developer Revitalis will be doing business in Erfurt for the first time. The firm has acquired the historic office and commercial building on the corner of Juri-Gagarin-Ring 110 and Bahnhofstraße, including a partially vacant lot, from a German property holding company. Revitalis is planning a boutique hotel with nearly 160 rooms and about 5,800 [...]