TD News International: 12/07/2019

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Munich: new quarter with high-rises in Obersendling

12/07/2019 Plans are being made for a new city quarter to be built on the site of the old Siemens property and a cement factory in Munich’s Obersendling district, with up to 150,000 sqm of GFA. The quarter is being developed by Horus Sentilo Projektentwicklungs GmbH, a joint venture of Salvis Consulting and Athos, a company [...]

Swiss Life bundles German business in new holding company

12/07/2019 Following the acquisitions of Corpus Sireo and Beos, Swiss Life Asset Managers intends to drive growth in Germany by bundling its local real estate and securities business in a new holding company. This will be based in Frankfurt and headed by Germany CEO Tina Störmer. Management will consist almost exclusively of managers from the German [...]

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Record number of overnights in Leipzig

12/07/2019 Leipzig anticipates more than 1,200 new hotel rooms by the end of this year, almost twice as many as in 2018 (670). Leipzig – a major trade fair city – recorded the highest bed growth among Germany’s top 10 locations since 2011, according to an analysis by the consulting firm Dr. Lübke & Kelber. Almost [...]

TLG sells Chemnitz “Falke Forum” to Leipzig company

12/07/2019 TLG Immobilien has sold the “Falke Forum” in central Chemnitz. The office and commercial building located at Zwickauer Straße 16, 16a and 16b was acquired by  the Leipzig multi-family office MDI – Mitteldeutsche Immobilien, represented by the asset management firm MDI Real Estate. The “Falke Forum” was built in 1995, comprises around 9,000 sqm of [...]

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Wuppertal: Kaufland takes up 6,000 sqm in “Wicküler City”

12/07/2019 Kaufland has leased 6,000 sqm of retail space long-term in the “Wicküler City” retail complex, located in Wuppertal’s Barmen district. The property, located on Friedrich-Engels-Allee near Bendahler Straße, is being let by the Clees Group in Düsseldorf. It was previously let to the hypermarket operator Real. The planned lettable space is to be upgraded in [...]