TD News International: 16/02/2017

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M&G Real Estate buys “Luisenforum” in Wiesbaden

16/02/2017 The shopping center Luisenforum in downtown Wiesbaden has a new owner. The real estate company Wiesbaden Luisenstrasse/Kirchgasse GbR has sold the 35,000 sqm structure containing retail and office space to property investment company M&G Real Estate. The buyer was advised by Savills as part of a buy-side mandate, JLL advised the seller. The Luisenforum with [...]

Corpus Sireo wants to spend €400mn on health care

16/02/2017 Corpus Sireo’s Health Care fund currently has €400mn available for further purchases. The fund focuses on medical centers, assisted living, and care facilities across Germany. Last year, Corpus acquired twelve health care properties for a total of €130mn. One of them is a development of an 88-bed care facility in Papenburg in Lower Saxony. The [...]

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Office market: Catella anticipates more transactions in smaller markets

16/02/2017 The healthy condition of the German office market is reaching all the way to the remotest corners of the nation, a Catella analysis reveals. In D markets, top rents rose from €9.98/sqm to €10.25/sqm, cracking the €10 barrier for the first time. In Ingolstadt, the top rent even reached €14/sqm, in Ludwigshafen €11/sqm. The strongest [...]

Local investor plans shopping center in Remscheid

16/02/2017 Local real estate investor Leonhard Schönhals intends to build a new residential and business complex on Alleestraße in downtown Remscheid. He has bought a row of houses on Alleestraße 5-11 for €2mn for the project. These and other structures purchased earlier are to make way for the new development between Blumenstraße, Markt, and Alleestraße. Plans [...]

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Stuttgart: LHI buys 7,000 sqm office building

16/02/2017 The LHI Group based in Pullach has acquired an office building in Stuttgart for an investment mandate. The 7,000 sqm structure is located on Johannesstraße 39 in Stuttgart-West and is fully leased. The seller is a property company of ibw Gesellschaft für innovatives Bauen und Wohnen in Esslingen. The transaction was brokered by Frank Immobilien [...]

Braunschweig: BMO buys retail property on Kohlmarkt

16/02/2017 BMO Real Estate Partners has purchased a retail building in Braunschweig for the real estate Spezial AIF “Best Value Germany II” (BVG II). The property is centrally located near Kohlmarkt and is currently used by anchor tenant Brax. It consists of two sections and has 1,390 sqm lettable space. The purchase was supported by Jebens [...]