TD News International: 10/01/2019

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International Campus appoints Rainer Nonnengässer as CEO

10/01/2019 More is now known regarding Rainer Nonnengässer’s recent departure from MPC at the end of last year – he’s been named the new CEO of the International Campus Group (IC). Zach Vaughan, Managing Partner at the Canadian company Brookfield Asset Management, says that Nonnengässer is the ideal candidate to lead IC in the next growth [...]

Frankfurt: AEW acquires office tower from Deka

10/01/2019 AEW has acquired the “Quadra” office tower, in Frankfurt’s Niederrad submarket, from Deka Immobilien. The 14-story building, located at Hahnstraße 40, has around 10,000 sqm of lettable space and 159 parking spaces, and is almost fully let. The purchase was made for the German Spezialfonds “AEW City Office Germany”; before that, the property had been [...]

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Munich: 14,000 sqm let in New Eastside Factory Loft

10/01/2019 The Optima Aegidius Group, together with its project partner Competo Capital Partners, signed two new leases for its new 14,000-sqm building project “New Eastside Munich Factory Loft” just before Christmas, bringing the occupancy rate to 70%. In a press release, the company stated that “with regard to the rents, we are now moving noticeably above [...]

Berlin: Cost estimate for housing expropriations in February?

10/01/2019 The costs for an expropriation of Berlin apartments, which the initiative “Deutsche Wohnen & Co. enteignen” is striving for through a referendum, should be clear by the beginning of February at the latest; this is when the senate administration intends to present a cost estimate, a spokesman for the interior administration told the German newspaper [...]

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Pamera to focus on residential real estate – acquisitions in Potsdam and Düsseldorf

10/01/2019 Pamera Real Estate Partners’ real estate assets fell only slightly to around €500mn despite several sales in the first half of 2018. The multi-family office acquired a residential complex in Potsdam’s northern city center and a commercial property in Düsseldorf’s Golzheim district for a total of €28mn at the end of the year. The Potsdam [...]

Aik’s managed real estate assets grow to €3.4bn

10/01/2019 The Düsseldorf real estate company Aik acquired ten properties last year for around €240mn, bringing its purchasing volume to the same level as in previous years. Focus of acquisition was on Germany. The company also added the Northern Italy region to its investment markets. Letting performance came to approx. 170,000 sqm with an annual rental [...]