TD News International: 14/01/2015

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Hotel investment breaks all records in Germany

14/01/2015 Hotel investment in Germany reached a new all-time high in 2014. Transactions increased, according to figures from BNPPRE, CBRE, Colliers International, and JLL, to approximately €3bn. This is around 80% more than in 2013, and the previous record years of 2006 and 2007 (each ca. €2.3bn) were exceeded by about 30%. Foreign investors played a [...]

Private equity: Debt funds grew in 2014

14/01/2015 Real estate debt funds raised more money than ever before in 2014. According to figures from service provider Preqin, the capital they raised increased from $16bn in 2013 to $20bn. Aggregate capital raised by all real estate strategies worldwide was slightly less than in 2013 ($90bn vs. $92bn), but Preqin said the total figure is [...]

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Demand for German real estate continues to rise

14/01/2015 By international comparison, real estate in Germany remains in high demand. This was revealed by an Ernst&Young (EY) survey of 130 real estate investors. Almost all respondents (96%) classified the market in Germany as attractive or very attractive. EY said the influx of foreign capital is expected to keep on climbing, especially from Asia. In [...]

Strauss & Partner and Munich Hotel Invest plan Frankfurt hotel project

14/01/2015 Strauss & Partner and Munich Hotel Invest are planning a new hotel in Frankfurt’s Gateway Gardens airport quarter. The 2,900 sqm Alpha 1.4 building site was acquired for the project from Gateway Gardens GmbH through a special purpose vehicle. A 288-room airport business hotel in the 3-4 star segment comprising about 12,000 sqm of GFA [...]

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Stuttgart: Häussler office building sold

14/01/2015 Insolvency administrator Michael Pluta has sold the “Horizon II” office building in Stuttgart. The property was bought by Fellbach-based Wohninvest Handelsgesellschaft für Grundbesitz und Immobilien. The Horizon II office complex belonged to insolvent Häussler GmbH & Co. KG Zweite Bau + Boden Gesellschaft. Opened in 1994, the building has a total area of 17,000 sqm [...]

IVG/Garbe: Fund acquires two logistics properties for €26mn

14/01/2015 The IVG Garbe Logistik fund has acquired a logistics property in Gernsheim near Darmstadt, and another one in Dettelbach near Würzburg, for a total of €25.7mn. Greenfield Development sold the Gernsheim property. The 21,700 sqm new building is completely leased and is used for the distribution of large-volume drugstore merchandise. In Dettelbach, the fund acquired [...]

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MAS Real Estate acquires retail park in Heppenheim

14/01/2015 A subsidiary of investment company MAS Real Estate has acquired a retail park in Heppenheim. The property on Tiergartenstrasse includes about 17,000 sqm of retail space leased on long terms to Bauhaus and Media Markt. It also has nearly 7,500 sqm of vacant office and warehouse space available for lease or redevelopment. Cushman & Wakefield [...]