TD News International: 12/06/2019

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Colliers: Higher vacancies no problem for the office market

12/06/2019 2020 because of the slowing economy. However, there aren’t too many offices being built, says Head of Office Leasing Wolfgang Speer. According to calculations by Colliers, the ratio of new office space to take-up will increase to 50 % in 2020/21, which is still not much in light of the backlog plus additional demand due [...]

S&P starts with €40mn project near Munich

12/06/2019 Sontowski & Partner (S&P) is all set to start the development of a €40mn residential and commercial building on the former site of a primary school in Gauting near Munich. The building permit has been granted. By the early summer of 2021, about 3,800 sqm living space and 2,500 sqm retail space are to be built [...]

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Garbe Industrial plans logistics property on Lower Rhine

12/06/2019 Garbe Industrial wants to build a logistics centre with 18,450 sqm hall space and 1,900 sqm office space in Nettetal on the Lower Rhine, and has acquired a lot in commercial park Nettetal-West. The planned investment volume is €17mn. Anchor tenant, the city states, will be a large global manufacturer of plastics products, who will [...]

Peakside launches office fund through blockchain platform

12/06/2019 Peakside Capital is launching its first fund using blockchain technology through the ScalingFunds platform of Berlin-based company Brickblock. The Peakside Income Fund I has an equity target of €200mn and can be subscribed by institutional and other qualified investors worldwide. The minimum investment of €125,000 is significantly lower than those of previous Peakside Spezialfonds, as [...]

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Berlin: Hamburg Team buys medical center in Hermsdorf

12/06/2019 Hamburg Team Investment Management (HTIM) has acquired a medical center in Berlin-Hermsdorf for its “Hamburg Team Urbane Themenimmobilien” fund. The complex on Glienicker Straße 6 consists of three sections with about 5,800 sqm total lettable space, which is used by medical practices, a pharmacy, a bakery, and a supermarket, as well as six apartments. The five-story complex [...]

Berlin: Start-up leases 4,100 sqm office space in Mitte

12/06/2019 The Berlin-based startup Urban Sports will be moving into a new headquarters in Berlin Mitte, probably in September. The company has leased the entire new structure on Michaelkirchstraße 20 with about 4,100 sqm office space. They were advised on the lease by DIMP – Die Immobilien Partner. Lessor SpreeArea GmbH was advised by JLL as [...]