TD News International: 21/09/2017

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Berlin: Cornerstone laid for 750 apartments in Europacity

21/09/2017 Kauri CAB and Benson Elliot have laid the foundation for the “Wasserstadt Mitte” residential district in Berlin’s Europacity. Here, east of Heidestraße, more than 750 rental apartments as well as retail, catering and commercial areas will be built. In total, approx. 72,000 sqm GFA in six new buildings and the listed grain storage facility will [...]

Becken to expand asset management and plans investment products

21/09/2017 The real estate company Becken plans to expand in the area of asset management and has appointed two new directors for the division. “We are also planning investment products for the institutional market. As a result, asset management for third parties is becoming increasingly important”, said Michael Becken, CEO of Becken Holding. Olaf Drossert and [...]

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HB Reavis starts business in Germany

21/09/2017 Slovakian developer HB Reavis now plans to also set foot in Germany. From its office in Berlin (Bleibtreustraße), it plans to implement predominantly larger office development projects. New members of the German team are Hans-Peter Hähnlein (48), who is responsible for the expansion as Commercial Director Germany, and Andreas Roczek (54) as Construction Director Germany. [...]

Berlin: Activ Group sells office building to Walter Beteiligungen

21/09/2017 Walter Beteiligungen und Immobilien (WBI) has acquired the office and business building at Landsberger Allee 131 in Berlin-Lichtenberg. The seller of the building constructed in 1994 with approx. 12,000 sqm of rental space and 203 parking spaces is the Activ Group. Angermann brokered the transaction. WBI was advised in legal matters by the firm Grothmann, [...]

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Stuttgart region: Alpha Industrial buys logistics facility in Magstadt

21/09/2017 Alpha Industrial has acquired a commercial property including 17,000 sqm of storage space at the Magstadt industrial park near Stuttgart. The property is located on a 28,500-sqm site and is fully let. The seller of the property is Matrix GmbH from Nufringen. Fassbinder Real Estate brokered the transaction.

Cologne: Meag buys office building on Schildergasse

21/09/2017 Meag has acquired the property at Schildergasse 84a in Cologne’s city centre. The building constructed in 2011 has a total area of 2,600 sqm and is fully let. Saturn and Footlocker occupy the underground, ground and first floor with more than 1,650 sqm. Offices are located on the second and third floors.