TD News International: 05/08/2015

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ECE drops its Mainz shopping center plan

05/08/2015 ECE has given up on its plan to build a shopping mall in Mainz. ECE CEO Alexander Otto now told the “Deutschlandfunk” radio station that “we would be happy to invest further in Mainz, but based on the current situation in the retail sector and the protracted negotiations, it would be better for us to [...]

Bilfinger rents 5,350 sqm of office space to State of Berlin

05/08/2015 BIM Berliner Immobilienmanagement has leased about 5,350 sqm of office and usable space in Berlin’s Charlottenburg District. The four floors at Darwinstrasse 13-17 will be occupied by the State of Berlin’s health and social welfare department, which requires an additional location due to an increased need for space. Bilfinger Real Estate handled the lease on [...]

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Hahn fund buys retail park in Marburg

05/08/2015 Hahn Gruppe has acquired the retail park at Schubertstrasse 4 in Marburg for its Primus Retail fund. The investment volume was quoted at €13mn; Kalbach-based Werner Projektentwicklung was the seller. The fully occupied building offering 6,000 sqm of rental space opened in the spring. It expanded a Tegut market. Its other tenants include Aldi, dm, [...]

Hanover: Is ECE planning an office property on former AOK area?

05/08/2015 ECE is interested in developing the former AOK headquarters area in Hanover, according to a newspaper report. The “Hannoverische Allgemeine Zeitung” report said the Hamburg-based developer wants to construct a seven-story office building with 30,000 sqm of rental space on the site that has been unused for years. A construction cost of €55mn was estimated, [...]

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Hamburg: Hochtief sells project in historic center to Switzerland-based firm

05/08/2015 Hochtief Projektentwicklung has sold a planned residential and retail building in Hamburg’s historic center to Zurich-based East Guardian Immobilien. Blue Asset Management represented the buyer, and Angermann acted as an agent for the sale transaction. Hochtief will build the “Kontorhaus Handelsreich” property on an around 930 sqm site at Hopfenmarkt 33. The above-ground GFA with [...]

Munich: KGAL buys “tag.werk” building from Indigo Invest

05/08/2015 KGAL has acquired the “tag.werk” office building in Munich from Indigo Invest Gruppe for a real estate fund. JLL was the broker; DLA Piper advised the seller. The building on Destouchesstrasse in the Schwabing District dates from 1983. It was substantially renovated in 2008/2009 by Münchner Grund; it comprises a total rental space of 10,500 [...]