News from 03/07/2007
Real² Immobilien: Residential and commercial property in Hannover sold to the Dutch
Cologne's Real² Immobilien AG has sold a residential and business center in Hannover's Groß Bucholz area to a Dutch firm, The Larmag Group. The building has 7,200 m² for offices, retail, and habitation and is 80% leased. Aengevelt in Düsseldorf and Fürst Immobilien in Hannover were employed as brokers. According to information from Thomas Löhr, Real²'s CEO, the firm will increase its future investment activities in Rheinland's markets for high-value residential properties – particularly in Cologne and Düsseldorf.
Regus: Portfolio in Germany enlarges to 29 business centers
The Regus Gruppe, worldwide provider of business centers, has taken over Agora Business Centers in Düsseldorf-Ratingen, Munich, and Hamburg. With it, Regus enlarges its German portfolio to over 29 centers in 12 cities. Worldwide, the concern possesses 950 business centers in 70 countries.
Last obstacle to the sale of Gewerbesiedlungsgesellschaft (GSG) to Orco Property Group has been removed.
Stuttgart: Residential market offers favorable sales conditions
Stuttgart's residential property market appears to be stable in the first months of 2007. “Due to the scarce offer of high-value residential properties and the stable business cycle, the sales turnover are lower and the prices higher,� announced Stephan Scheibe, Senior Consultant in Stuttgart at the regional office of Dr. Lübke GmbH. That applies both to portfolio properties and to newly-constructed houses and other types of residences.