TD News International: 22/12/2017

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Düsseldorf: Triuva acquires “New Office” for €200mn

22/12/2017 Triuva has acquired the “New Office” project development on the site of the former Rheinbahn property in Düsseldorf’s Oberkassel district, on behalf of a German pension fund. Strabag Real Estate is developer and seller of the off-market deal. The investment volume lies at around €200mn. With around 33,000 sqm GFA, it is one of the [...]

Cologne: Gerchgroup plans HSH-backed “Laurenz Carré” project.

22/12/2017 The Düsseldorf-based Gerchgroup is planning a new city quarter at the Cologne Cathedral. The project, named “Laurenz Carré”, includes plans for two hotels on the former WDR complex, as well as offices, retail space, and apartments. The investment volume for the planned 33,000 sqm of GFA lies at around €250mn. Gerchgroup had already announced the [...]

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Hamburg: Deka buys Campus Tower in Hafencity

22/12/2017 Deka Immobilien is taking over the Campus Tower office project in Hamburg’s Hafencity. An agreement of sale has now been signed. Seller is Garbe Immobilien-Projekte. The purchase price was not publicly disclosed. Garbe had reported the project volume at being approx. €95mn. Plans include 13,300 sqm of lettable space and 80 parking spaces in an [...]

Dortmund: GEG buys Harenberg City Center for €70mn

22/12/2017 GEG has purchased the HCC Harenberg City Center at Dortmund’s main station. Seller of the 21,500 sqm office high-rise at Königswall 21 is a fund managed by JP Morgan Asset Management. The total investment volume lies at around €70mn. The “HCC” was opened in April 1994 and renovated between 2010 and 2012. At 70 meters [...]

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Aberdeen buys Berlin residential project from Kondor Wessels

22/12/2017 Aberdeen Standard Investments has purchased 171 planned apartments in Berlin’s Lichtenberg district. These are situated on a 4,700-sqm lot at Löwenberger Strasse 1,3, and 5, and will ofer 9,480 sqm of living space; plans also include two commercial units with a total of 157 sqm and 40 underground parking spaces. Kondor Wessels, developer and seller [...]

Frankfurt: Hogan Lovells leases 6,500 sqm in Omniturm

22/12/2017 The law firm Hogan Lovells International LLP has leased around 6,500 sqm of office space in Frankfurt’s Omniturm, still under construction. Savills and UP Architekten advised the tenant. The firm will move into five floors of the building at Grosse Gallusstrasse 16-18 in early 2020. The Omniturm is being developed by Tishman Speyer; it was [...]