Hanover: Newtown Gruppe buys Ihme-Zentrum at auction
A property company owned by Berlin-based Newtown Gruppe has acquired the Ihme-Zentrum for €16.5mn through a court-ordered auction in Hanover. The deal for the private investor group was arranged by Angermann Investment Advisory under exclusive contract. According to the Hanover district court, creditor Landesbank Berlin (LBB) has accepted the offer, leading to an immediate transfer of ownership. The building complex consists of retail space, office towers, and 172 apartments and has been appraised at about €50mn. According to Angermann, the Ihme-Zentrum is now to be renovated and held in the new owner’s inventory for the long term.
Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.