TD News International: 25/01/2018

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Berlin: Union Investment buys Rathaus Mitte for €87mn

25/01/2018 Union Investment has purchased the Rathaus Mitte near Berlin’s Alexanderplatz. The building erected in 1998 on Karl-Marx-Allee 31 has roughly 20.000 sqm office space, all of it leased to the State of Berlin. The purchase price is €87.4mn. The seller is a joint venture consisting of the CCP III fund, which is advised by Tristan [...]

Hamburg: Real I.S. buys Ruby-Hotel

25/01/2018 Real I.S. has acquired the Ruby hotel on Stadthausbrücke in Hamburg for the Spezialfonds “BGV VI”. The seller of the 8,400 sqm building is Patrizia. The former publishing building on Düsternstraße 1-3 is to be converted into a 290-room hotel by August. As part of the conversion, the entrance will be moved toward the Stadthausbrücke. [...]

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Düsseldorf: Regus leases 6,000 sqm on Breite Straße

25/01/2018 Momeni has leased 6,000 sqm, the entire office space in the office and commercial building “3hoch5” in Düsseldorf, to coworking provider Regus Spaces. The building on Breite Straße 3-5a is part of the portfolio of the Momeni Prime Opportunities Fund I. The space is currently occupied by corporate law firm CMS Hasche Sigle. Their lease [...]

Dream Global manages portfolio in joint venture with Vivanium

25/01/2018 Dream Global will now be managing its 150 German office properties totaling 1.2mn sqm jointly with Vivanium of Heidelberg. The two companies have launched the joint venture Viva Dream Real Estate for the purpose. Managing Directors of Viva Dream are Dirk Tönges (49), Managing Partner at Vivanium, and Jennifer Bachmann (36), Head of Asset Management [...]

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Deutsche Industrie Grundbesitz gains REIT status

25/01/2018 Deutsche Industrie Grundbesitz is now registered in the trade registry of the Rostock district court as a REIT AG. The company, which has been listed since December, holds a portfolio of industrial and logistics assets worth roughly €90mn, and intends to purchase further properties across the country for about €100mn this year. The largest shareholder [...]

NAS and Blue Rock buy medical centers in Hannover and Berlin

25/01/2018 The joint venture BR-NAS, comprised of NAS Invest and BlueRock Group, has acquired two office- and medical centers in Hannover and Berlin for €25mn. The property in Hannover-Würfel is located immediately next to the expo grounds, was built in 1994, and has about 9,100 sqm total floor space. The building in Berlin is an office [...]