TD News International: 18/04/2019

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Real I.S. acquires business properties in Cologne and Düsseldorf

18/04/2019 Real I.S. has acquired two buildings in Cologne and Düsseldorf from the Pan European Urban Retail Fund (PURetail), co-sponsored by Aberdeen and La Française. The Cologne property, located on Mittelstraße 20-24, has 2,169 sqm of retail space, 878 sqm of office space, 556 sqm of residential space and 695 sqm of warehouse space. It was [...]

Corestate closes High Street fund following three further acquisitions

18/04/2019 Corestate Capital Holding has acquired three further retail properties in Garbsen, Nordhorn and Schwenningen for its “High Street VIII” fund. Two properties in Rostock and Sindelfingen were previously acquired for the fund in 2018. Corestate reports that this vehicle, structured as a club deal with an investment volume of around €250mn, is now closed. The [...]

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Logistics take up increases beyond Germany’s top 5 markets

18/04/2019 Take up in the German logistics market amounted to just under 1.25 million sqm of lettable and owner-occupied space in the first quarter, 4% less than last year’s Q1. CBRE reports that the current result is five percent below average when compared with the first quarters of the last five years. In the top 5 [...]

Hamburg: new attempt by HWS for City Nord

18/04/2019 166 studio apartments for Germany’s federal trainees and employees will be built in a complex on Mexikoring in Hamburg’s City Nord office quarter. HWS Immobilien und Vermögensverwaltung is the owner of the properties involved (Nos. 19, 21, and others) and had submitted building plans for discussion over five years ago, with no subsequent action taken [...]

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Berlin: Zech and Rhomberg build with wood for Edge

18/04/2019 Cree, a joint venture of the Bregenz-based construction company Rhomberg and the Zech Group, is building the new Vattenfall headquarters near Berlin’s Südkreuz station. The 35,000 sqm building is a project of the Dutch company Edge Technologies and will be a wood-hybrid construction. It should be completed within 24 months. “This project clearly shows that [...]

Lower Bavaria: Karl buys 20-hectare TWD parcel in Deggendorf

18/04/2019 The Karl Group from Innernzell is acquiring nearly 200,000 sqm in Deggendorf’s Seebach district from the chemical fiber manufacturer TWD. Karl reports that the purchase includes all technical equipment and machines. TWD is leasing back all space and facilities necessary for operation through a long-term lease with Karl. Announcement of the sale comes shortly after [...]