TD News International: 15/05/2019

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Frankfurt: Bundesbank move to FBC delayed by one year

15/05/2019 Deutsche Bundesbank will not be moving into its interim offices in Frankfurt’s office tower FBC until summer 2021. The moving date in 2020 originally offered by the owner, a joint venture of Intown and Aroundtown, will not be possible, Bundesbank told TD upon inquiry. The reason was reported today in the “Frankfurter Neue Presse”: Current [...]

Frankfurt: Co-working provider Spaces leases 6,880 sqm in “One”

15/05/2019 CA Immo has established a lease with global co-working provider Spaces for space in the office and hotel tower “One” currently under construction in Frankfurt. Spaces is leasing roughly 6,880 sqm office space on five floors. The tower has a total of 43,000 sqm office space, completion is anticipated in early 2022. CA Immo is [...]

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Growth in co-working segment far from tapped out, study reveals

15/05/2019 All of the big European office markets still bear enormous growth potential for co-working providers, a study by Colliers International reveals. Despite the stellar growth of the last four years, during which the number of providers increased by 135 % and the number of co-working centers exploded by 205 %, flexible office space only accounted [...]

Cologne: Bauwens and Corpus Sireo building “Reiterstaffel Offices”

15/05/2019 To complete the Reiterstaffel Quartier, Bauwens Development and Corpus Sireo will erect the “Reiterstaffel Offices” in Köln-Marienburg. Marketing of the 11,780 sqm complex on Gaedestraße 7-9 started in early May. Savills will be advising the owners as lead broker and manage the marketing process. Completion of the property is anticipated in Q2 of 2021. Nearly [...]

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Berlin: Hamburg Team fund buys apartments from Hamburg Team

15/05/2019 Hamburg Team Investment Management (HTIM) has acquired a residential building of the Schreibfederhöfe development in Berlin-Friedrichshain. Seller of the house on Boxhagener Straße 76-78 is Hamburg Team Projektentwicklung (HTP), who is building 112 apartments with nearly 7,200 sqm living space and 1,500 sqm commercial space on the roughly 2,500 sqm lot. The investment volume of the transaction is [...]

Deutsche Konsum: FFO soars by 75 %

15/05/2019 Deutsche Konsum has acquired property worth about €122mn during the first half of business year 2018/19, which is almost as much as the entire previous business year. In late March, the half-year report of the REIT quoted a secured portfolio of 121 retail properties with about €540mn book value and €46mn contracted annual rental income. [...]