TD News International: 11/07/2019

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Essen: Real I.S. sells office property to La Française

11/07/2019 Real I.S. has disposed of the office property “Rüttenscheider Strasse 1-3” in Essen from the closed-end real estate fund “DB Real Estate CityInvest Berlin, Düsseldorf, Essen”. The buyer is La Française Real Estate Partners International on behalf of a collective real estate investment vehicle of La Française. The parties have agreed not to disclose the [...]

Project Investment builds 156 apartments in Freising and Potsdam

11/07/2019 Project Investment has acquired two development properties for its fund “Vier Metropolen III”. The first involves 7,313 sqm on Angerstraße in Freising, near Munich, to be developed with apartments. It has a sales volume of around €81mn. The second property involves 2,792 sqm on Potsdamer Straße in Potsdam, also to be developed with apartments. It [...]

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Frankfurt: Regus expands in “The Squaire” and in the Messeturm

11/07/2019 Regus is expanding its Business Center in the Frankfurt hotel/business complex “The Squaire” from 4,600 to 5,600 sqm, as well as renovating its existing space. The expansion includes a conference hall with a capacity of 200. The company says that the expansion is in response to high demand at its location directly at Frankfurt Airport. [...]

Hamburg investment market could experience a “golden autumn”

11/07/2019 The brokerage firms report that the transaction volume for Hamburg commercial properties halved to around €1.1bn in H1. The inclusion of residential portfolios raises this figure to just over €1.5bn. Sarah Cervinka, Senior Team Leader Office Investment Hamburg at JLL, believes that total volume will rise to €5bn by the end of the year. “Interesting [...]

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Hamburg: Online retailer About You rents 3,200 sqm

11/07/2019 The e-commerce fashion retailer About You has taken up 3,200 sqm in the Marzipanfabrik (“marzipan factory”) at Friesenweg 4 in Hamburg’s Ottensen district. The move will take place on December 1st. Owner of the revitalized industrial and production property is HPV Hollmann & Partner. Savills advised the tenant in the search for a larger photo [...]

Ingolstadt: SRE builds new Volksbank headquarters

11/07/2019 Strabag Real Estate (SRE) is building a new corporate headquarters for Volksbank Raiffeisenbank Bayern Mitte in Ingolstadt. The new headquarters will accommodate the bank’s 300 employees, who are currently spread out over three different downtown offices. The 3,500 sqm property, located near the Saturn Arena between Südliche Ringstraße and Manchinger Straße, was acquired by Volksbank [...]