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Office market: bottom seems to have been reached
During an online press conference on the office real estate market, speakers Tobias Dichtl, Co-Head of Market Intelligence & Foresight at Colliers, Felix Meyen, Managing Director of HIH Invest, and Jens Hogekamp, Managing Director of Becken Development GmbH, provided an outlook on developments in the second half of 2024 and reviewed the first half of the year. In the first half of 2024, major transactions in the investment market …
Becken and HanseMerkur Grundvermögen complete Munich office project "Fabrik Office" on schedule
Becken, a specialist in project development, revitalization, and asset and investment management for commercial and residential real estate, and HanseMerkur Grundvermögen have completed the new “Fabrik Office” development in Munich on schedule. The property at Steinerstraße 11, at the corner of Tölzer Straße 1, was built as part of an equal joint venture between Becken and HanseMerkur Grundvermögen (HMG). In March, approximately 55 percent of the leasable space was leased to …
Becken lets to Mitsui Chemicals in its Düsseldorf office project "CURVE"
Becken, a specialist in project development, revitalization, asset and investment management for commercial and residential properties, has achieved another letting success for its Düsseldorf office project development "CURVE". The Japanese chemicals group Mitsui Chemicals Europe GmbH has leased around 1,400 square meters on the fourth floor of the six-storey office building in Helmholtzstrasse near Düsseldorf's main railway station. The lease was concluded for a long-term term and begins at the end of 2024.
The Hamburg real estate market in 2024: residential market under great pressure, logistics properties more popular than offices
The Hamburg real estate market remains under pressure in 2024, yet remains in robust shape. On a ten-year average, total transaction volume in the first quarter of 2024 fell by approximately 58 percent. Industrial and logistics properties dominate the transaction market and currently represent the strongest asset class. In the office market, however, there were no major lease signings in the first quarter. On both the investor and tenant sides, overall …
Becken leases 2,550 square meters to Computacenter in the "Fabrik Office" office project in Munich
Becken, a specialist in project development, revitalization, and asset and investment management for commercial and residential real estate, has signed another long-term, ten-year lease agreement with Computacenter AG & Co. oHG for the “Fabrik Office” project in Munich. The project is being developed through an equal joint venture between Becken and HanseMerkur Grundvermögen (HMG). The technology and services provider Computacenter, headquartered in Hatfield, UK …
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