TD News International: 23/10/2017

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Adler sells Accentro

23/10/2017 Adler Real Estate is selling Accentro, its service provider for retailing housing portfolios. A group of investors advised by British firm Vestigo Capital Advisors is acquiring 80 % of shares and 92 % of Accentro convertible bonds 2014/2019. For the total of 82 % of shares, the new owners are paying €180mn. The agreement calls [...]

Office market: Take-up in B-markets up by 23 %

23/10/2017 In the German B-rated markets, office space take-up in the first three quarters rose even more than in the big seven. For Dresden, Essen, Karlsruhe, Leipzig, Magdeburg, and Nuremberg, Deutsche Immobilien Partner (DIP) recorded a plus of 23 % above the same period of last year to about 376,000 sqm. The largest increases were logged [...]

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Düsseldorf: 6B47 plans 120 apartments in Rath

23/10/2017 The Düsseldorf-based firm 6B47 Germany is planning a residential project with 119 units on Westfalenstraße 46-48 in Düsseldorf-Rath together with an unnamed joint venture partner. The project called “Living Westfalia” includes development of 11,650 sqm GFA, of which 7,890 sqm will be residential and 230 sqm commercial space, plus 85 parking spaces. In departure from [...]

Braunschweig: M7 sells Hornbach market to Schroder for €30mn

23/10/2017 M7 has sold the Hornbach home improvement market in the south of Braunschweig (Fabrikstraße 2) to Schroder Real Estate in a share deal for €30mn. The entire lettable space of the property comes to about 18,000 sqm, of which 5,000 sqm are occupied by a garden center and about 1,600 sqm by a building materials [...]

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KW builds another office structure in Potsdam

23/10/2017 KW-Development is planning another office building on Potsdam’s “Campus am Filmpark Babelsberg”. Starting 2018, about 7.400 sqm lettable space for offices and startups are to be developed on the 7,183 sqm lot on August-Bebel-Straße 26-53, which KW reports having bought in late September. Completion is scheduled for 2019. KW quotes the investment volume at €18mn. [...]

RLI buys fourth property for logistics Spezialfonds in North Hesse

23/10/2017 RLI Investors has acquired a logistics asset near Homberg an der Efze in North Hesse (Schwalm-Eder district) for its second Spezialfonds “Logistics Fund – Germany II”. The seller is a joint property company of Isarkies and Hamdi Group Kronau; the price is about €14mn. The facility built in 2016 in the Knüllwald-Remsfeld commercial park (Schilfwiese [...]