trending Market Intelligence /marketintelligence/en/news-insights/trending/waeDV2Nb4LsHVIXMHPncGw2 content esgSubNav
In This List

Consus Real Estate signs €100M forward-sale deal for Mannheim, Germany, building

Blog

Infographic: Key questions when assessing an Alternative Investment Funds (AIFs) creditworthiness

Blog

Perspectives from China: Chinese M&A in 2022

Blog

Headwinds slow global M&A in Q2’22

Blog

New Corporate Realities: The Next Generation of Managing Risk and Operations


Consus Real Estate signs €100M forward-sale deal for Mannheim, Germany, building

Consus Real Estate AG forward-sold the office and hotel development No. 1 in Mannheim, Germany, to an undisclosed buyer in an approximately €100 million deal.

The German property developer said the project, which is on a 5,000-square-meter plot, consists of six floors and a high-rise building called Lindenhofplatz, totaling 20,000 square meters of leasable area.

Approximately 75% of the building is already pre-leased to office and retail tenants, with an auditing firm and an international four-star hotel as anchor tenants.

Consus said it signed contracts for two additional leases, with an e-commerce company and an IT consulting firm, in October 2018.

The project's final handover is expected by spring 2020.