TD News International: 02/08/2017

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Berlin: Signa builds office tower next to Mercedes-Benz Arena

02/08/2017 Signa Holding will build a 90m office tower near the Mercedes-Benz Arena in Berlin-Friedrichshain. The Austrian firm has purchased one of the last available lots on Tamara-Danz-Straße from Anschutz Entertainment Group (AEG) for the project. Signa states that the lot measures about 2,640 sqm. The tower will have roughly 50,000 sqm GFA and offer restaurant [...]

Union Investment/ZBI: residential fund starts with €620mn equity

02/08/2017 Around €620mn in equity were raised for the open-ended residential property fund by Union Investment and ZBI during the initial subscription phase. This makes the UniImmo: Wohnen ZBI the largest open-ended fund focused on residential property in Germany, the companies conveyed. The starting portfolio has a volume of €460mn. More than half has already been [...]

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Vonovia: FFO increases by 18% in first half-year

02/08/2017 Vonovia has increased its FFO by 18 % to €457.7mn during the first half of the year. Rental income rose from €744.7mn to €833.2mn compared to the same period of last year. Owing to a rent increase (1.7 %), property value increases and new construction (2.0 %), the monthly rent per square meter increased to [...]

Bremen: Mondelez intends to lease on Konsul-Smidt-Straße 21

02/08/2017 Food producer Mondelez has decided on a new location for its German headquarters in Bremen: The company will be moving several hundred employees to a new structure being built by Zech Group on Konsul-Smidt-Straße 21 in the Überseestadt district. A letter of intent has been signed. The new structure will have 11,000 sqm lettable space. [...]

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Real I.S. looks to Europe and Australia

02/08/2017 Fund manager Real I.S. intends to raise equity in the triple digit millions this year and turns its attention to Europe. “Currently, the commercial property markets in Germany, the Netherlands, Spain, and France are particularly interesting,” says Chairman of the Board of Management Georg Jewgrafow. Another Australia fund for private clients is also in preparation. [...]

Monsoon Accessorize expands with its own shops in Germany

02/08/2017 After disposing of a number of German shops, the British fashion chain Monsoon Accessorize is once again expanding vigorously in Germany. As TD found out from market insiders, the retailer is currently looking for shops with 40 to 80 sqm floor space plus about 20 sqm storage space in central locations. Topping the list of [...]