TD News International: 24/10/2018


Value of German top offices rising only moderately

24/10/2018 The value index “Victor” for German top office property climbed during Q3 by 1.5 % to 188.1 points. The growth rate thus remains below the 2 % mark for the third time, after exceeding it three times last year. Growth impulses are coming almost exclusively from the lease market, while yields did not decline in [...]

Godewind buys office building near Munich for €30.5mn

24/10/2018 Godewind Immobilien has acquired an office property in Kirchheim near Munich in an asset deal for a net purchase price of €30.5mn. The building located in a commercial park has 18,820 sqm lettable space and 683 parking spaces. According to TD research, it is the “sunsquare” on Sonnenallee 1, which had been part of Publity’s [...]


Union Investment buys apartment project in Wiesbaden

24/10/2018 Union Investment has acquired a planned micro-apartment complex near Wiesbaden’s main station as part of a forward funding agreement. Seller and developer is GBI Group. After acquisitions in Graz and Vienna, the micro-apartment project in Wiesbaden is the third property to be added to the Spezialfonds Urban Living Nr. 1 launched in 2017 by Union [...]

TTL calls off capital increase for the time being

24/10/2018 TTL Beteiligungs- und Grundbesitz-AG has decided to put the capital increase announced in early October on ice for now. As reported, the plan was to place 8.8 million new and 3.5 million existing shares with institutional investors before the end of the year, which would have increased the firm’s base capital by one third and [...]


Cofinimmo buys clinic near Düsseldorf for €22mn

24/10/2018 On 23 October, Belgian real estate firm Cofinimmo signed the purchase contract for a psychiatric clinic being developed in Kaarst near Düsseldorf. The investment volume is around €22mn, which according to Cofinimmo corresponds to a gross initial yield of roughly 6 %. The clinic will have about 7,800 sqm floor space for 70 beds and [...]