TD News International: 20/07/2017

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Sale of new Allianz headquarters in Berlin is final

20/07/2017 Hines has acquired the future Allianz headquarters in Berlin-Adlershof for a South Korean real estate fund managed by Vestas Investment Management. The deal, one of the largest single transactions in the federal capital this year, had been expected for several months and according to information provided to TD, is worth approx. €318mn. The builder and [...]

Frankfurt: TLG acquires Astropark office building in Lyoner district

20/07/2017 TLG Immobilien acquired the office building Astropark in Frankfurt. Including transaction costs, TLG will be investing approx. €97.2mn. The seller of the property is a joint venture consisting of an international fund and the German management team of Barings Real Estate Advisers. The ensemble, which was built in 1992, is located in the Lyoner district [...]

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Frankfurt: Baker McKenzie leases 8,000 sqm in “Four” project

20/07/2017 Baker McKenzie will lease 8,000 sqm of office space in one of the four high-rise buildings of the “Four” project, which is being developed by Groß & Partner on the former site of the Deutsche Bank in Frankfurt’s inner city. Starting in 2022, the firm will occupy the top eight floors of the smaller of [...]

Hamburg: Saga to build 180 apartments in Baakenhafen

20/07/2017 Saga Unternehmensgruppe will build 181 publicly subsidised apartments in the district of Baakenhafen. A decision was made in the architectural competition for the construction of building site 99 at the future Gretchen-Wohlwill-Platz – with the two Hamburg offices Schenk+Waiblinger and Blauraum announced as the winners. Five to seven-storey residential buildings are planned with commercial units [...]

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Gieag sells logistics centre in Lübeck to Exeter

20/07/2017 Munich-based Gieag Immobilien has sold a logistics property in Lübeck-Roggenhorst to Exeter Property Group. The centre with approx. 8,600 sqm and built by Gieag in 2012 is completely let to fire protection company Minimax. The lease agreement with Minimax was recently extended until the end of 2021, stated Gieag. CBRE advised on the sale. The [...]

Vicus and GVV sell office building in Halle’s city centre

20/07/2017 A Swiss family office acquired the residential and commercial centre Große Ulrichstraße 19-21 in Halle/Saale’s city centre. The sellers of the 5,600 sqm property from Germany’s Gründerzeit are Leipziger Vicus Group and GVV Göpel Vermögensverwaltung. Tenants include Reno and communications service provider Invoco. Vicus acquired the building in 2015 from GE Real Estate. In the [...]