TD News International: 26/01/2018

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Corpus Sireo buys first residential projects for €300mn mandate

26/01/2018 Corpus Sireo has acquired two residential projects in Cologne and Bremen. Seller of the new building, located on Overbeckstrasse near Liebigstrasse in Cologne’s Ehrenfeld district, is the Düsseldorf developer Die Projektisten. 91 fully-furnished apartments with 2,620 sqm of living space, a day care center with 555 sqm, and an underground car park with 27 parking [...]

Ouram Holding buys TLG stake

26/01/2018 The Luxembourg based company Ouram Holding has acquired 4.51% of the shares in the commercial real estate firm TLG Immobilien. According to a voting rights announcement, a further 18.03% of the shares may be added via financial instruments by April so that voting rights would increase to 22.54%. Ouram Holding is owned by the Israeli [...]

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Savills IM again under German leadership – Asian business expected to grow

26/01/2018 Savills Investment Management (Savills IM) has named Carolina von Groddeck its Head of Germany. In recent years she was responsible for the management and settlement of SEB mutual funds. Her predecessor, Thomas Gütle, left the company to join US Treuhand in November 2016. Since then, business for Germany have been led by Rena Knöpke, Head [...]

FCR buys nearly-vacant shopping center in Altena

26/01/2018 FCR Immobilien has acquired the Stapel Center in Altena in North Rhine-Westphalia. The center, at Am Stapel 10 at the start of the pedestrian zone, has over 12,300 sqm of lettable space, around 10,000 sqm being commercial space, and over 2,300 sqm comprising 29 apartments. The center is currently being repositioned. Renovations were carried out [...]

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Leonardo to open three more hotels in Germany

26/01/2018 Leonardo Hotels is planning three new hotels in Augsburg, Eschborn, and Offenbach. Regional partners for the Israeli hotel chain will build the projects and lease the properties long-term. In Offenbach, Waterfront Grundbesitz is building a 208-room hotel at Kaiserleistrasse 39, to be completed by early 2020. In Eschborn, a hotel with 234 rooms will be [...]

Frankfurt: ECE puts €45mn into Hessen Center

26/01/2018 ECE will invest €45mn in the modernization and expansion of the 45-year-old “Hessen-Center” shopping mall in Frankfurt. The measures, set to start this month and be completed by the end of 2019, include the construction of new parking levels and upgraded fixtures and fittings. The new tenants of the center include TK Maxx and the [...]