TD News International: 06/12/2016

Advertisement

Bremen Sparkasse wants to sell headquarters

06/12/2016 The savings bank Sparkasse Bremen wants to give up its traditional headquarters and move to the technology park near the university by the end of 2019. The vacated 11,000 sqm lot on Am Brill, Hankenstraße, Jakobistraße, and Bürgermeister-Smidt-Straße is going up for sale, the Sparkasse states, so it can be used in a way that [...]

Stuttgart: Merkur builds two Novum hotels in Fasanenhof

06/12/2016 Merkur Development plans to build a hotel complex with a total of 254 rooms in Stuttgart’s Fasanenhof district. Contracts with the Novum Hotel Group have been signed. One Novum Style (144 rooms) and one Novum LikeApart (110 rooms) are planned on the project site at Vor dem Lauch16. Construction is expected to start in Q3 [...]

Advertisement

S&K trial: First Manager sentenced for embezzlement

06/12/2016 In the investment fraud proceedings against the fund group, the Frankfurt district court handed down its first verdict yesterday. Hauke Bruhn, Managing Director of United Investors, a real estate fund house connected with S&K, was sentenced to five years and three months in prison for four cases of investment fraud and six cases of incitement [...]

Aachener SWG buys 151 planned apartments in Hamburg

06/12/2016 The Cologne-based housing company Aachener Siedlungs- und Wohnungsgesellschaft (SWG) is buying 151 planned apartments in Hamburg’s Lohbrügge district. The seller and developer of the five multi-family structures is Bonava. The investment volume is over €30mn. The 8,900 sqm lot will contain 10,320 sqm living space and 114 underground parking spaces; 92 of the units are [...]

Advertisement

Hamburg Team launches first real estate fund

06/12/2016 The investment company of developer Hamburg Team that was founded a few months ago has launched its first property fund. The open-ended Spezial-AIF “Hamburg Team Urbane WohnWerte” is expected to acquire residential property worth €250mn over the next 24 months and yield 4% annually. A large part of the planned equity of €140mn has already [...]

ULI Leadership Award goes to Christian Ulbrich

06/12/2016 Christian Ulbrich is receiving the ULI Leadership Award in the category “Property Sector”. The new Global CEO & President of JLL is a “globally connected leader, the German face of the international property sector,” the institute explains its choice. The prize in the category “Building Healthy Places” goes to the cooperative Genossenschaft Kalkbreite in Zurich. [...]