TD News International: 26/07/2018

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Munich: City leases 13,000 sqm in Implerhöfe

26/07/2018 The city of Munich will be the sole office tenant in the Implerhöfe complex. A 20-year lease for 13,000 sqm has been set up with lessor Art-Invest Real Estate. Since July 2017, the city has already occupied space on the ground floor, and has now added the remaining 10,000 sqm of office space. In addition, [...]

Logistics property: Take-up in North Rhine-Westphalia increases by 40 %

26/07/2018 Take-up of logistics spaces in the state of North Rhine-Westphalia during the first half-year was roughly 875,000 sqm, which is about 40 % above the same period of last year. This is mainly attributable to leases and owner-occupant projects outside of the four core markets on the Rhine and Ruhr rivers. For instance, leases signed [...]

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Pantera and Ten Brinke start housing project on barracks grounds in Palatinate

26/07/2018 Pantera has broken ground on the restoration of the landmarked former “Stengelkaserne” in Germersheim (Palatinate) and its conversion into a housing complex. By the middle of 2020, the former barracks will be turned into 87 condominiums with one to three rooms, sized between 35 and 123 sqm. In addition, 138 new rental units will be built [...]

Leipzig also running out of office space – take-up approaching record levels

26/07/2018 Office space take-up in Leipzig during the first half-year was again significantly higher than the average of recent years. While Aengevelt calculated roughly 71,000 sqm, about the same as a year ago or 51 % above average, BNP Paribas Real Estate (BNPPRE) arrived at a new record total of about 80,000 sqm, which “would represent [...]

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Union Investment: 84,000 sqm relet during first half-year

26/07/2018 Union Investment has relet or extended 242,000 sqm commercial space during the first half-year, about half of it in Germany. New leases were signed for 84,000 sqm of the total portfolio, extensions added up to 158,000 sqm. The lease rate in all actively managed real estate funds is 96.6 %. Office leases accounted for the [...]

Düsseldorf: Friendsfactory leases 3,500 sqm

26/07/2018 Co-working provider Friendsfactory is opening its first location in Düsseldorf. Come October, the firm will offer 3,500 sqm of flexible office space and conference rooms on Fritz-Vomfelde-Straße 34-38. Plans include a lounge, a sports club, and a terrace. Friendsfactory has been part of the portfolio of rent24 since 2017, and operates offices in 25 locations [...]