TD News International: 05/12/2018

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Munich: Quantum buys AXA property “Baloon”

05/12/2018 Quantum has acquired the Munich office building “Baloon” from a mandate managed by AXA IM Real Assets for a real estate fund launched by Universal-Investment. The two-part ensemble has 22,000 sqm lettable space and was part of AXA’s portfolio since 2016. While one section is leased to the city of Munich for a very long [...]

Savills IM buys office complex Nubis in Berlin-Adlershof

05/12/2018 Savills IM is acquiring the new office building Nubis in the Adlershof technology park in Berlin for the “European Commercial Fund”. The seller is Project Immobilien Gewerbe AG. The office ensemble consists of three multi-tenant buildings totaling about 17,200 sqm lettable space. The first building is finished and already occupied; the other two are to [...]

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Warburg-HIH buys part of Darmstadt’s Europa-Arkaden

05/12/2018 Warburg-HIH Invest Real Estate has bought a section of the Europa Arkaden in Darmstadt. The office building is to be added to the Spezialfonds Deutschland Selektiv Immobilien Invest. The seller of the property in the Europaviertel across from Darmstadt’s main station is Schroder Property Investment Management, who had bought the asset with roughly 8,000 sqm total [...]

Hamburg: Kolbenhöfe investors take over neighboring quarter

05/12/2018 The owners of the Kolbenhöfe quarter in Ottensen, Otto Wulff Projektentwicklung, Rheinmetall Immobilien, and Altonaer Spar- und Bauverein (Altoba) have acquired the Henkel-Schwarzkopf site adjacent to the Kolbenhöfe. Sellers of the 17,600 sqm lot, which is part of the same zoning plan, are ABG Group and Köhler & von Bargen Group. The transaction was supported [...]

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Dresden and Leipzig have best risk-return ratio in eastern Germany

05/12/2018 In eastern Germany, Dresden, Leipzig, and Rostock offer the best risk-return ratio for investments in existing housing in good locations. In medium locations, Dresden and Leipzig are again in the top 3 with Potsdam, for new construction investments Weimar takes third place after Dresden and Leipzig. This is the result of the current “Risiko-Rendite-Ranking” by Dr. Lübke & [...]

KGAL buys office building in Fellbach

05/12/2018 KGAL has acquired the office building Höhenstraße 24 in Fellbach near Stuttgart for a real estate Spezial-AIF. The building dating from 1975 is currently being renovated and modernized. The conversion as well as construction of a new parking garage are to be completed by early 2019. The structure will then offer about 16,800 sqm lettable [...]