TD News International: 14/03/2019

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Tristan’s new acquisitions in Germany worth over €300mn

14/03/2019 Tristan Capital Partners has acquired five properties in Germany with a volume of over €300mn. The private equity investment firm paid €64mn for the Speyerer Strasse 4-6 office property in Heidelberg’s Bahnstadt quarter, €53.5mn for the Hery Park retail park in Gersthofen near Augsburg, €70mn for the hotel and office complex Eurocenter I and II [...]

Düsseldorf: Momeni and Ingenhoven plan high-rise complex in Media Harbour

14/03/2019 Düsseldorf’s Media Harbour will soon be getting a new high-rise complex, according to Mayor Thomas Geisel, who revealed the plans at MIPIM in Cannes. After several months of sales proceedings for the municipal property at Kaistraße 1/Franziusstraße, it has been decided that Momeni will be developing the site. The plans, by Ingenhoven Architects, are for [...]

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CBRE GI to invest a further €500mn in Germany in 2019

14/03/2019 CBRE Global Investors (CBRE GI) expanded its portfolio in Germany and Austria by 22% to over €2.8bn in 2018. Purchase volume was around €540mn, while real estate divestitures totaled €80mn. CBRE GI’s target for acquisitions in Germany for this year is around €500mn. The investment manager noted the acquisition of the Hanseviertel in Hamburg and [...]

Bochum: Sirius acquires business park for €26mn

14/03/2019 Sirius reports that it has acquired a 56,000 sqm business park in Bochum with a net initial yield of 8.9% for €25.7mn. The seller is DOBA Grund Beteiligungs GmbH, part of the Doblinger Group. The space is currently 95% occupied and generating an annual rent of €2.6mn. According to Sirius, the lease with Pinkerton – [...]

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Freiburg: Unmüssig buys Smart Green Tower for €20mn

14/03/2019 Frey Architekten is selling the Smart Green Tower shell in Freiburg for €20mn to the property developer Unmüssig. The sale, which had been hinted at in February, has now been finalized. In an interview with TD, Hans-Peter Unmüßig said that the original mix of residential and commercial space in the 15,000 sqm GFA property would [...]

RLI buys logistics center between Leipzig and Halle

14/03/2019 RLI Investors has acquired a recently completed logistics center as part of an off-market transaction. The property is located directly on the B6 Bundesstraße between Leipzig and Halle and encompasses 13,000 sqm. RLI has reported, without providing any further information, that the property has been fully let long-term to a user with a strong credit [...]