TD News International: 08/03/2018

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Sovereign wealth fund GIC to invest with Caleus in Berlin

08/03/2018 The Berlin investment manager Caleus Capital Investors is collaborating with GIC, Singapore’s sovereign wealth fund. A joint investment vehicle will invest in Berlin real estate and aims to add value through asset management and repositioning. “We are very proud of the new partnership with GIC, one of the world’s most renowned real estate investors,” says [...]

Hamburg Team announces fund for healthcare properties

08/03/2018 Hamburg Team Investment Management (HTIM) plans to issue its own funds for healthcare properties. The company has announced that it is working on concepts to this end, and has hired Sebastian Schlansky to manage the new division as of March 1st. Schlansky, 40, previously worked at Corpus Sireo where he led the transaction team for [...]

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Hanover: B&B, Design Offices move into List project

08/03/2018 The List Group’s 25,000-sqm office and retail building project in Hanover’s Vahrenwald district is now fully let. Design Offices signed a lease for approx. 6,700 sqm in the project on Vahrenwalder Strasse at the end of last year. Paragonia brokered the transaction. In addition, B&B will open a budget hotel with nearly 150 rooms. Rewe [...]

Vivawest buys 934 apartments

08/03/2018 The residential provider Vivawest has acquired a real estate package comprising 71 apartment buildings and six commercial rental units in Leverkusen, Düren, Haan, and Wuppertal. The seller is Deutsche Invest Immobilien in Wiesbaden. The buildings were constructed between 1925 and 1975 and have been modernized to varying degrees in recent years. In addition to the [...]

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The Grounds to build 136 micro apartments in Leipzig

08/03/2018 The Grounds Real Estate Development is now also planning micro apartments in Leipzig: the Berlin-based company has acquired the 1,317-sqm property at Bornaische Strasse 10-16 in the city’s Connewitz district, on which it will build 136 apartments with a total UFA of 3,013 sqm as well as parking spaces for 30 cars and 140 bicycles. [...]

LBBW Immobilien buys 17,000 sqm of office space in Berlin and Hamburg

08/03/2018 LBBW Immobilien acquired two office properties in Berlin and Hamburg at the beginning of this year. The Berlin acquisition is an approx. 10,000-sqm property on the Spree in the city’s Charlottenburg district which had belonged to a family office. The building is currently leased out to IAV automotives engineering and thus is probably at Carnotstrasse [...]