TD News International: 10/03/2017

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CBRE Global Investors buys DHL portfolio for €128mn

10/03/2017 CBRE Global Investors has acquired a portfolio of ten German DHL parcel sorting centres in an off-market deal for €128.4mn. The seller is the Hellmich Group, which built the properties between 2012 and 2015. Six of the logistics halls are in North Rhine-Westphalia (Würselen, Hamm, Essen, Moers, Brühl near Cologne, Dortmund), one in Kassel in [...]

Savills IM buys Adidas warehouse near Osnabrück

10/03/2017 Savills Investment Management has acquired a distribution centre in the Niedersachsenpark in Rieste (Münster/Osnabrück region) for the pan-European Spezialfonds Savills IM European Logistics Fund 2. The seller of the property is a fund managed by AXA IM; the price totalled €26mn. According to a statement, a DAX company has a long-term lease agreement for the [...]

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Swiss Life: New KVG has compiled its management team

10/03/2017 Nearly three months after its approval, Swiss Life KVG has completed its management team. Management Spokesman is Ingo Hartlief, who will also retain his function as deputy CEO at Corpus Sireo. In the new German fund company, he will take over the immediate property-specific management areas as well as marketing, sales, and overall communication. The [...]

Hamburg: Deutsche Immobilien buys on Überseering

10/03/2017 Deutsche Immobilien Entwicklungs GmbH, which belongs to Peter Möhrle Holding, has acquired the office and commercial building Überseering 17 in City-Nord. The building with 17,000 sqm GFA was built in the 1970s and needs to be renovated or developed in the medium term. The developer is, however, still contemplating options, especially since the contracts with [...]

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Student housing: IC, DREF and GSA make top investments

10/03/2017 International Campus (IC), Deutsche Real Estate Funds (DREF), and the GSA Group have invested the most amount of money in German student housing over the past few year (2015 to 2017) according to a recent Catella report. IC invested a total of €235mn, DREF €210.8mn, and GSA €107mn. A significant amount of money was also [...]

Hamburg: Motel One planned at Willy-Brandt-Straße

10/03/2017 Last year, Motel One acquired the property next to “Danske Hus” between Willy-Brandt-Straße and Hopfensack from Zurich Versicherung. Originally Zurich intended to demolish and construct a new office space and commissioned architectural firm GKK with the planning including the building permit. These preparations were also sold to Motel One. According to GKK, construction of the [...]