At 2.00 p.m. on Friday, 5 December, the foundation stone will be laid to mark the start of the second phase of the new Wentzinger Hof Freiburg office project at Wentzinger Strasse 17-19. Completion of phase two, which is scheduled for the end of 2009, will see this site to the west of the city's rail station fully developed. Phase one was completed at the end of 2007, when the first tenants moved into the building.
Union Investment Real Estate AG has purchased
the “Duplex Office Tower” in Tokyo’s famous Shibuya ward. The new
property with a gross floor area of over 9.000 m² was the first transaction
on behalf of Union Investment’s open-ended real estate fund
UniImmo: Europa in Tokyo for some € 130 million.
Union Investment Real Estate AG is
expanding the portfolio of its UniImmo: Europa open-ended real
estate fund in the hotel segment. The fund, which has strong
liquidity of around 30%, has acquired the four-star
Kaiserwasser hotel in Vienna for some EUR 34 million.
Hamburg-based Union Investment Real Estate AG has purchased two office buildings in Munich for its UniImmo: Deutschland open-ended real estate fund. The company has acquired Laim290 from Vivico Real Estate AG in a transaction worth around EUR 30 million.The Pfisterstock office/commercial building in the Alter Hof complex in Munich was also purchased, with the vendor being Bayerische Hausbau GmbH.
Other prizes awarded to Alsion in Sonderborg and WestendDuo, Frankfurt/Special prize for Seewürfel in Zurich. The prizewinners of the first European prize for sustainable real estate investment have been announced in a special ceremony at EXPO REAL, the commercial property show in Munich. Organised by Union Investment, the Prime Property Award recognises real estate projects in Europe that show exceptional ecological quality, combined with commercial and socio-cultural sustainability.
Kristina Palace office development project in Budapest acquired for UniImmo: Global - Union Investment Real Estate AG has completed the UniImmo: Global fund's first acquisition in Central and Eastern Europe in the shape of the Kristina Palace development in Budapest. Situated in a very central location on the Buda side of the river, close to Déli train station, the new Kristina Palace office building is scheduled to open in June 2009 and will comprise some 18,000 square metres of Class A rental space.
Established mall in Katowice acquired for UniImmo: Global - Union Investment Real Estate AG is extending its retail portfolio in Central and Eastern Europe by purchasing the 37,000 square metre "3 Stawy" shopping centre in Katowice, Upper Silesia. Established for many years and fully let, the mall complements the portfolio of UniImmo: Global while also allowing the fund to add a further core plus market to its holdings.
Union Investment Real Estate AG is buying the Mövenpick Hotel Frankfurt City from Vivico Real Estate GmbH for its open-ended institutional real estate fund Immo-Invest: Europa, investing a total of around EUR 63 million. Vivico built the property and handed it over to operator Mövenpick ready for use in 2006. AtisReal brokered the transaction.
With effect from 1 December 2008, the Supervisory Board of Union Investment Real Estate AG has appointed 45-year-old Dr. Karl-Joseph Hermanns-Engel to the Management Board of the property investment company, which is part of the Union Investment Group.
Low-energy office project acquired on behalf of UniImmo: Europa - Union Investment Real Estate AG has acquired the "CityWest Gebäude F" development project in Zurich, marking its first investment in the Swiss property market. Designed on sustainable principles and due for completion in mid-2010, the office building will feature some 20,400 square metres of space and parking for 84 cars in a good location near the city centre.
Hamburg-based Union Investment Real Estate AG has purchased the brand new office building "Glass City Harumi" in Tokyo's rapidly developing Harumi district. The transaction is worth well over 100 million Euros and was carried out for Union Investment's open-ended real estate fund UniImmo: Global.
The property sector can find answers to these questions at the first Sustainable Investment Conference, which is being held at the EXPO REAL commercial property show in Munich and will focus on the commercial dimension of the sustainability megatrend.
Hamburg-based Union Investment Real Estate AG has purchased the Solado Harajuku commercial building in Tokyo's Harajuku district for its open-ended real estate fund UniImmo: Global, in a transaction worth some 91 million euros.
Hamburg-based Union Investment Real Estate AG has acquired the Wentzinger Hof development project in Freiburg, southern Germany, for its institutional fund Immo-Invest Europa, in a transaction worth some 18.9 million euros.
Hamburg-based Union Investment Real Estate AG has acquired the Paseo Del Mar office building in San Diego, USA for its open-ended real estate fund UniImmo: Europa in a transaction worth around 147,9 million US-Dollar.
Investment Climate Index falls in the three major European economies / Marked differences between countries / Investment focus shifts back to core markets
Targets exceeded / Further growth of Latin America portfolio - Union Investment Real Estate AG added significantly to its property portfolio in the first six months of 2008, investing some 1 billion euros in a total of 18 real estate projects and properties worldwide. Additional transactions worth 250 million euros are also close to completion.
Hamburg-based Union Investment Real Estate AG has acquired the Fürstenhof office/commercial building in Frankfurt am Main for its open-ended real estate fund UniImmo: Deutschland in a transaction worth around 129 million euros. The vendor of the property is Eurocastle Investment Limited.
Union Investment Real Estate AG has acquired the Rhein-Galerie shopping centre development in Ludwigshafen for its open-ended real estate fund UniImmo: Deutschland, in a transaction worth around 210 million euros.
Premium office complex in Diagonal Mar district promises stable long-term returns.
Hamburg-based Union Investment Real Estate AG has returned to the Spanish office property market for the first time since 2004, acquiring the Torre Diagonal Litoral office building in Barcelona for its Immo-Invest: Europa institutional real estate fund.
Union Investment Real Estate AG has acquired the Schwedler Carré office block planned for Ferdinand-Happ-Strasse in Frankfurt am Main, Germany, for its Immo-Invest: Europa institutional open-ended real estate fund. The transaction is worth some EUR 25.1 million and the property is scheduled for completion in the third quarter of 2009.
The total value of the investment is EUR 9.8 million. The seller was an international holding company owned by Novator Properties, Ajanta Oy and Royal Bank of Scotland and was represented by Jones Lang LaSalle Finland Oy as a selling broker.
Ixocon delivers phase 2 to Union Investment Real Estate AG / Approx. 11,000 square metres of modern logistics space now available / Nordport: an ideal location for air freight-related logistics
The Fünf Höfe CityQuartier is celebrating its fifth birthday from 5 to 9 March. Visitors will be welcomed with music and special decorations. Doormen at the entrances will personally greet passers-by, with hostesses distributing free treats such as flowers and chocolates - or champagne in the evenings.
Union Investment Real Estate AG bought the Las Palmas building in Rotterdam from real estate developer OVG and strengthens its investment portfolio in the Dutch Randstad. OVG remains leaseholder of Las Palmas.
Union Investment Real Estate AG has acquired the Eschborn WAVES office project at Frankfurter Strasse 16-40, Eschborn, for its UniImmo: Deutschland open-ended real estate fund, investing a total of some EUR 67.3 million.
