Frankfurt am Main, 16 January 2020 – The mechanical engineering company Höfer & Bechtel GmbH has expanded its warehouse space in Industriestraße 6 in the Hessian town of Mainhausen by 654 sqm. NAI apollo provided support to Höfer & Bechtel during the leasing process. In 2018, NAI apollo had brokered the property to its current owner.
Frankfurt am Main, 14 January – Menicon GmbH, a Japanese contact lens manufacturer, is leasing around 3,500 square metres of warehouse and logistics space as well as 1,600 square metres of office space at Heinrich-Krumm-Straße 1-3 in Offenbach. The lessor of both spaces is a private investor. In future, Menicon will manage its entire European logistics operation from the new location. A 1,900 sqm expansion of the hall space is also being constructed on the property for the lessee. NAI apollo provided support to the both the lessee and the owner during the transaction.
Frankfurt am Main, 6 January 2020 – NAI apollo has brokered a business park in Neuss to Sirius Real Estate Ltd. Its Berlin-based subsidiary, Sirius Facilities GmbH, will manage this property in the future. The multi-tenant light industrial park located at Fuggerstraße 7-11 encompasses nearly 32,000 square metres of lettable area and is located in Neuss-Uedesheim, an established sub-market for users from the logistics sector and the manufacturing industry. The location benefits from its immediate proximity to all traffic and transport infrastructure. The purchase price for the property is close to €18 million. The seller is a regional family office, on whose behalf NAI apollo exclusively organised the sale.
Munich, 2 December 2019 – activeMind AG has leased 400 square metres of office space at Schwabinger Tor, in Leopoldstraße 182 in Munich. The space is part of an urban district that has been developed to accommodate new forms of living and working and is owned by the Jost Hurler Group. NAI apollo provided support during the leasing process. “We have been delighted with Schwabinger Tor and its progress ever since construction began, and are pleased that we have now become a small part of its success story by brokering these premises,” comments Steffen Hecht, Consultant at NAI apollo.
Frankfurt am Main, 19 November 2019 – NAI apollo has brokered around 2,400 square metres of warehouse space and 500 square metres of office space at Carl-Benz-Straße 3 in Altenstadt to TEKO Gesellschaft für Kältetechnik mbH. The seller of the space, situated in two buildings, is a private individual. By purchasing the facilities, the new owner is expanding its existing space in the immediate vicinity of the property. NAI apollo provided support to the both the buyer and the seller during the transaction.
Frankfurt am Main, 22nd October 2019 – An upturn on the market for warehouse and logistics space in the Rhine-Main area still failed to materialise in the third quarter of 2019, according to the latest analysis by owner-managed real estate consultancy NAI apollo. The market even recorded a slight decline following its already somewhat moderate performance in the first half of the year. In the first nine months, space take-up by tenants and owner-occupiers amounted to around 404,000 sqm. Of this, the third quarter accounted for 127,000 sqm compared to 138,000 sqm and 139,000 sqm in the two first quarters of the year.
Frankfurt am Main, 16th October 2019 – The Frankfurt market for office space including Eschborn and Offenbach-Kaiserlei experienced a temporary lull in the third quarter of 2019 following a strong first half, according to the latest report by owner-managed real estate consultancy NAI apollo. Space take-up by tenants and owner-occupiers amounted to 101,400 sqm during this period. “Expected deals, such as the rental of more than 25,000 sqm by the City of Frankfurt in CityWest, have yet to be finalised. Thus the recent quarterly result was about 14 % below the ten-year average for third quarters,” explained Andreas Wende, Managing Director of NAI apollo.
Frankfurt am Main, 15 October 2019 – The investment market for residential portfolios in Germany is on target for its third-best annual result following record figures in 2015 and 2018, according to an analysis by the owner-operated real estate consultancy firm NAI apollo. Due to the very good quarterly result, which, at €5.8 billion, is significantly higher than the results of the two preceding quarters (Q1 2019: €3.9 billion, Q2 2019: €4.2 billion), the traded volume in the first nine months of the year grew to €13.9 billion. As such, it is only €1.8 billion below the very good result for the whole of 2017. However, this sum falls short of the €14.7 billion recorded for the same period of the previous year. The purchases of shares by TLG in Aroundtown and by Adler Real Estate in Ado Properties are not included in the analysis. For the revenue calculation, only share deals in the form of an acquisition of shares in a property or real estate company in which a controlling interest is achieved are deemed indirect investments by NAI apollo. “If the two share acquisitions had been included, which amount to 13% and 33% respectively, the revenue threshold of €15 billion would already have been passed in the third quarter,” comments Andreas Wende, Managing Partner of NAI apollo. “Compared to the mid-point of the year, the number of residential units traded has also jumped by more than 35,000 to a new total of around 95,000. But this still falls short of the around 108,500 units traded during the same period of the previous year,” adds Dr Konrad Kanzler, Head of Research at the NAI apollo group.
Wiesbaden, 11 October 2019 – NAI apollo has sold a commercial property with an area of around 2,500 sqm to a tile centre on behalf of a private seller. The showroom building with warehouse will be owner-operated in the future and is located in Borsigstraße 3a in Wiesbaden-Nordenstadt. The property therefore has good infrastructure links directly to the “Wiesbadener Kreuz” intersection with the A66 autobahn, which offers a connection to Frankfurt am Main, and the A3 autobahn.
Frankfurt am Main, 1 October 2019 – The market for office space in Frankfurt, including Eschborn and Offenbach-Kaiserlei, took a small breather in the third quarter of 2019 following a strong first half of the year. This is the conclusion of the owner-operated real estate consultancy company NAI apollo. Space take-up by tenants and owner-occupiers amounted to 101,400 sqm during this period. “Expected deals such as the City of Frankfurt’s lease of more than 25,000 sqm of office space in the City West have not yet been finalised. Accordingly, the result for this quarter is around 14 % below the ten-year average for third quarters,” comments Andreas Wende, Managing Partner of NAI apollo, on the result.
The accumulated take-up for the first nine months of 2019 is 364,100 sqm. Although this figure falls more than 17 % short of the previous year’s value of 440,900 sqm, it is still almost 5 % above the long-term average of around 347,000 sqm. Lease renewals after active market screening enjoyed significant growth to 113,100 sqm, the highest volume since 2014.