TD News International: 12/10/2018

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Berlin: REInvest buys “Brain Box” in Adlershof for €110mn

12/10/2018 REInvest Asset Management has acquired the “Brain Box Berlin” office project in Adlershof for an individual fund. This was announced by the Berlin-based Profi Partner AG, which is speculatively developing the complex at Eisenhutweg 120 together with BNS Real Estate with an investment volume of €110mn. The property has 24,000 sqm in usable floor space. [...]

Sirius: business park specialist aims to be net buyer in 2019

12/10/2018 Sirius Real Estate intends to further grow its business park portfolio through capital recycling. “We want to sell for between €50mn and €100mn in 2019 and buy for up to €150mn,” said CEO Andrew Coombs at Expo Real. He will be investing preferably in top locations and growing secondary and university cities where Sirius is [...]

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Hamburg: Görg leases 4,200 sqm on Alter Wall

12/10/2018 The commercial law firm Görg Partnerschaft von Rechtsanwälten mbB will be moving its Hamburg office with 130 employees next summer from Opern Plaza to the Art-Invest construction project at Alter Wall 2-32. Görg’s leasing of 4,200 sqm means that around 75% of the complex’s office space has now been allocated. Angermann brokered the signing of [...]

Düsseldorf: First major tenant for former L’Oréal tower

12/10/2018 Alstria Office REIT recently announced the letting of 2,000 sqm of office and ancillary space in the office tower at Georg-Glock-Straße 18, near Kennedydamm, in Düsseldorf. TD has learned from market insiders that the tenant is the Düsseldorf IT service provider Datagroup. The lease for the former L’Oréal headquarters will start on March 1st 2019, [...]

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Leipzig: ground-breaking for Deutsche Wohnen’s first new building project

12/10/2018 Deutsche Wohnen has turned the first sod for its residential project in the Lindenauer Hafen development area in Leipzig. Two five-story buildings will be built on Hafenstraße with a total of 44 rental apartments, one commercial unit and 37 underground parking spaces. The first apartments are expected to be ready for occupancy as early as [...]

Munich: Optima-Aegidius plans 80 apartments

12/10/2018 An Optima-Aegidius company intends to build seven apartment buildings with 80 units on the 22,500 sqm site of a former educational facility on Fauststraße in Munich’s Trudering district. If all runs smoothly, work will have begun by the end of 2020. Local residents have joined forces to take an initiative against the construction as the [...]