TD News International: 15/02/2018

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Berlin: Van Caem to develop 110,000 sqm of office space in Lichtenberg

15/02/2018 The Dutch developer Van Caem Projects plans to develop 110,000 sqm of commercial space in Berlin’s Lichtenberg district. The commissioned Swiss architect Marc Kocher has plans for six new buildings, each with 5,430 to 36,800 sqm GFA, on the former site of the Post Office at Buchberger Strasse between Frankfurter Allee and Coppistrasse. In addition, [...]

D.I.I. launches Spezialfonds for residential projects

15/02/2018 D.I.I. Investment is launching its first closed-ended Spezialfonds for residential project developments. It will take in €40mn in equity from family offices, wealthy private investors, and foundations, and invest €120mn in new construction projects, potential building-ready infill construction, and available land parcels. D.I.I. has up to now only launched special purpose vehicles (SPVs) for new [...]

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Berlin: Gasag leases 12,000 sqm on Euref Campus

15/02/2018 The energy service provider Gasag is relocating to a new corporate headquarters in Berlin by the end of 2020. A new, nearly 18,000-sqm building will be built on the Euref Campus at the Gasometer Schöneberg with 15,000 sqm of office space and 3,000 sqm for gastronomy and other uses. Reinhard Müller, CEO of Euref AG, [...]

Berlin: Q-Park to operate parking areas at Kudamm Karree

15/02/2018 Q-Park will manage the multi-level and renovated underground parking facilities in Berlin’s “Kudamm Karree” building complex. More than 500 parking spaces in the above-ground parking garage as well as over 300 underground parking spaces will be created as part of renovations to the currently 63,000-sqm complex at Kurfürstendamm 207-209. The multi-level parking garage is expected [...]

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Deutsche Industrie REIT buys industrial parks in Remscheid and Wuppertal

15/02/2018 Deutsche Industrie REIT has acquired two commercial properties in Wuppertal and Remscheid for a total of €13.7mn with a net initial yield of 10.8%. According to a statement, the industrial park in Wuppertal has 10,200 sqm of lettable space and an annualized base rent of about €579,000. The average term is 2.5 years for the [...]

Berlin: Pandion buys commercial construction sites in Kreuzberg

15/02/2018 Pandion has two commercial projects in Berlin’s Kreuzberg district in the pipeline. The Cologne-based developer has acquired plots at Prinzenstrasse 89/90 and at Prinzenstrasse 34/ Ritterstrasse 16-18 as of February 1st. Sellers are the entrepreneurs Dietmar Robben and Ulrich Wientjes, who offered the properties separately in the course of the takeover of the car rental [...]