TD News International: 31/03/2017

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Berlin: Bima buys 47,000 sqm office space – market is empty

31/03/2017 Bima has acquired the former Vattenfall headquarters in Berlin-Treptow. The building on Puschkinallee 52 has around 47,300 sqm floor space; Bima has leased part of the space for the past year. The purchase contract was signed only last Monday. Both the seller Taunus Holdings and Bima were advised by BNP Paribas Real Estate. This owner-occupant [...]

Hahn has operative plus and plans purchases for €290mn

31/03/2017 The Hahn Group has increased its pre-tax result to €6.5mn in 2016 (2015: €5.8mn). The plus was ascribed to an 18% rise in management proceeds and record-level new business in the institutional and private fund sector. All told, however, overall profits of €4.1mn were somewhat less than the previous year (€4.9mn), partly due to an [...]

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Julius Berger leases 12,100 sqm in Wiesbaden office project

31/03/2017 The Düsseldorf-based firm Development Partner is forming a joint venture with Wiesbaden-based DDC to build an office structure on Abraham-Lincoln-Straße 44 in Wiesbaden. The basic plan, an idea by KPE Projektentwicklung, calls for a nine-story building with total lettable space of over 16,200 sqm on a 11,000 sqm lot in Wiesbaden’s office district Abraham-Lincoln-Straße. More [...]

Düsseldorf: State agency leases 7,240 sqm office space in Derendorf

31/03/2017 North Rhine-Westphalia’s State Agency for Information and Technology (IT.NRW) has leased the entire office building “One” on Derendorfer Allee 1 in Düsseldorf. The owner of the former headquarters of Rheinmetall AG is a Luxemburg-based investment firm who had bought the building last year. IT.NRW will probably be moving into the 7,240 sqm office space in [...]

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Essen office market off to a good start

31/03/2017 Essen’s office market is starting strong into the new year. According to research by Cubion Immobilien, take-up in the first quarter was around 30,500 sqm, significantly higher than last year’s figure (21,500 sqm). The owner-occupancy rate is about 16 %. Three quarters of contracts signed are for spaces of less than 500 sqm. Only three [...]

Hannover Leasing buys office property in Münster

31/03/2017 Hannover Leasing has bought the office and retail building “Denkmal” on Schorlemannstraße 26 in Münster. The seller is a group of private owners. The structure, which is centrally located between main station and city center, has six floors with 5,980 sqm lettable space and is 100 % leased to ten tenants. The property also includes [...]