TD News International: 05/12/2017

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Cromwell: German portfolio at Singapore exchange

05/12/2017 The Australian Cromwell Property Group has listed the Cromwell European Real Estate Investment Trust (Cereit) in Singapore. It is the first REIT managed in Euro and the first REIT with a diversified pan-European portfolio to be listed at the Singapore exchange. In terms of market value, it is the largest REIT flotation in Asia since [...]

CBRE: New department for investments outside of the Top 7

05/12/2017 CBRE has established a department for investments in B-rated locations. Starting in January, the team called “Überregionales Investment/Major Provincials” will begin managing transactions outside of the Top 7 markets with a focus on the seller side. It will be headed by Thorge Albat (40) and Mathias Keller (37). Albat joins from investment manager Coresis, where [...]

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Equistone buys Bien-Zenker and Hanse Haus

05/12/2017 Bien-Zenker and Hanse Haus have a new owner. Funds of the private equity investor Equistone Partners Europe are taking over the two prefab construction businesses from Adcuram for an unnamed purchase price. The Munich-based investment company had entered the prefab housing market in 2013 by taking over the majority of shares in the listed Bien-Zenker [...]

Ottmar Heinen new board member at Project

05/12/2017 Ottmar Heinen (50) joined the executive board of Project Beteiligungen, the holding company of Project investment, on 1 December. He succeeds Wolfgang Dippold, one of the two previous board members, who is now chairman of the supervisory board of the holding. Heinen is responsible for the sales and marketing unit and leads the company jointly [...]

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Union Investment opens former Karstadt in Stuttgart

05/12/2017 Union Investment has completed the conversion of the former Karstadt building in Stuttgart. Today, Primark is opening its doors to about 11,750 sqm leased space and an underground garage operated by Apcoa. Other tenants in the retail and office building in prime location Königstraße 27 are a dm drugstore (about 1,400 sqm) and Vodafone (about [...]

Munich: Novum, Highstreet, and First plan niu hotel

05/12/2017 Novum Hospitality, Highstreet Development, and First Immobilien have agreed to develop an niu hotel in Munich. The hotel planned on Moosacher Straße 45-47 will have 203 rooms and open in late 2019. Parallel to this project, planning for another niu hotel in the city is underway. The “niu Loco” to be built on Frankfurter Ring [...]