TD News International: 14/01/2019

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Cologne: Momeni sells Wallarkaden for €140mn

14/01/2019 Momeni is selling the “Wallarkaden” in Cologne to an occupational pension fund company from Hanover for €140mn as part of a forward sale. The office and commercial building on Rudolfplatz is being built according to plans by architects Caruso St John. Momeni will manage the property long-term. The buyers are the physicians’ pension schemes of [...]

Union Investment: More than 50 % of commercial acquisitions are projects

14/01/2019 Union Investment acquired 36 properties for €2.3bn and sold 18 assets for €770mn during the past business year for its commercial property funds. The resulting transaction volume of just over €3bn is slightly above last year’s total (acquisitions: €2.3bn, sales: €600mn). The ZBI housing funds are not included in these figures. The largest target market [...]

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Berlin: Netzgesellschaft leases 8,000 sqm on Euref Campus

14/01/2019 Energy company Netzgesellschaft Berlin-Brandenburg (NBB) is moving its headquarters to the Euref-Campus in Berlin-Schöneberg in mid-2021. As TD learned from market insiders, the company has leased about 8,000 sqm office space in the planned building “Euref-Campus 1-2”. The contract was signed before the end of December. The new structure on Torgauer Straße will have a [...]

Aamundo has new investors and announces mezzanine fund

14/01/2019 The funds subsidiary of Aamundo Immobilien Group has two new investors. Mogk GmbH & Co. KG of Nuremberg and another family office are buying 20 % of Aamundo Fund Management. The capital will be added to the company and are to be used for the first funds product. As Aamundo states, a mezzanine fund for [...]

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Project: New Spezialfonds invests in Nuremberg and Rhineland

14/01/2019 Project has launched the “Vier Metropolen III”, another purely equity-based Spezialfonds for housing property developed by the group itself. The target volume is to roughly match that of predecessor “Vier Metropolen II”, which had received €151mn in capital commitments. The fund with a 7-year term is to invest in at least six projects in a [...]

Hamburg: DS sells Johannisgärten to Hamburg Trust

14/01/2019 Hamburg Trust has bought the housing property “JohannisGärten” in Hamburg’s Neugraben-Fischbek district for the Spezialfonds domiciliumInvest. The seller is Hamburg-based developer DS-Bauconcept. The property with 5,400 sqm living space and 380 sqm commercial space has 73 apartments and 32 parking spaces. It is part of the “Vogelkamp-Neugraben” quarter, which will consist of 1,500 residential units [...]