TOM June 2018

Page 09 T O M
DEALS June 2018
Union Investment:
Styria Center in Graz
Union Investment has secured
the Styria Center in the city
centre of Graz under a purchase
agreement. The property is a
mixed-use commercial property
with residential, office and commercial
units and a total rental
area of around 15,000 sqm. The
seller is a consortium of three
private owners. The purchase
price is over 40 million euros.
The purchase in Annenstrasse is
for the portfolio of the open-ended
mutual property fund immofonds
1, which is sold exclusively
in Austria. The fund thus
acquires its second property in
short succession, in which the residential
type of use accounts for
the largest share. In mid-May,
the purchase of a projected residential
and commercial property
in Vienna with a rental area of
around 9,700 sqm was announced.
The economic transition of
the Styria Center is expected for
autumn.
Swiss Life acquires
Berlin-based BEOS AG
Real I.S. acquires
Sumatrakontor in HafenCity
Mixed-use property in Hamburg also includes retail and gastronomy
Real I.S. has acquired the Sumatrakontor
in Hamburg‘s
HafenCity for an individual
mandate. The property has
a plot size of around 9,600
square meters with a total
rental area of more than
30,000 square meters. the
purchase contract for the
mixed-use property was signed
in mid-June. The parties
have agreed not to disclose
the purchase price.
The rental area of the property,
which was completed in 2010,
is spread over ten storeys. In
addition to office and retail
space, the building also has
86 residential units between
43 and 152 square metres. In
addition, 445 parking spaces
are available in the Überseequartier
underground car park.
A large supermarket with drugstore
and bakery are located
directly below the building.
Opposite the office is the old
port authority with its market.
In addition, the quarter offers
various cafés and restaurants
and various cultural activities.
„HafenCity is one of Europe‘s
most important urban development
projects. The Sumatrakontor
is located in the heart
of Überseequartier and thus
in the centre of HafenCity. Its
special external characteristics
make it an ideal fit into this
special location,“ says Axel
Schulz, Global Head of Investment
Management at Real
I.S. AG.
Swiss Life Asset Managers recently
announced that it will
buy Berlin-based BEOS AG.
The acquisition further strengthens
the company‘s position in
the German real estate market
and strengthens access to institutional
clients. BEOS is the
leading investment manager of
corporate real estate in Germany,
headquartered in Berlin. The
company today employs around
150 people in interdisciplinary
teams and has further branches
in Hamburg, Frankfurt, Cologne,
Munich and Stuttgart.
SIGNA Group will
take over Austrian
furniture chain
The SIGNA Group has made an
offer to purchase the furniture
chain kika/Leiner from the South
African Steinhoff Group. This offer
covers the operational trading
business with its approximately
5,500 employees as well as the
approximately 70 real estate locations
in Austria and CEE and
provides an Austrian solution.
Steinhoff International has accepted
this offer from the SIGNA
Group. The takeover can avert the
threat of insolvency and ensure
the continuation of the traditional
Austrian company.
Real I.S. has acquired the Sumatrakontor in Hamburg‘s HafenCity.
Warburg-HIH buys five
local supply centres
from Rockspring
400 to 450 million Euros investment volume
Warburg-HIH Invest has acquired
a portfolio of five local
supply centres with a total
rental area of around 43,000
sqm for the „Perspektive Einzelhandel:
Fokus Nahversorgung“
fund.
The properties were sold by
Rockspring Property Investment
Managers LLP („Rockspring“),
a PATRIZIA company,
on behalf of an open pan-European
vehicle. The open special
AIF launched by Warburg-HIH
Invest invests in local supply
centres in growth regions in
western Germany with an individual
size of ten to 40 million
euros.
The targeted total investment
volume is 400 to 450 million
euros. Of this amount, around
250 million is attributable to
equity. The annual distribution
yield should be between 4.5 and
5.5 percent.
Photo: Real I.S.
Centerscape buys
six additional
retail properties
The Centerscape Group was able
to expand its portfolio by another
six properties, which are rented
to well-known food retailers in
accordance with its corporate
strategy. The locations in Munich,
Wedemark, Ergoldsbach
and Wuppertal (2x) acquired in
a package deal have a total plot
area of more than 25,000 sqm
and a total rental area of almost
8,500 sqm.The properties rented
to EDEKA, REWE and NETTO
are all located in well integrated
city locations. The sixth property
is a market rented to Biedronka
in Swidnica, Poland,