Company Overview of Union Investment Real Estate GmbH
Union Investment Real Estate GmbH is real estate investment firm specializing in making investments in budget and midscale hotel real estate, office properties, with an above-average location and operator concept. The firm focuses on new and innovative properties with long-term leases. It seeks to invest minimum of 60 percent in Germany, and the rest in France, Belgium, the Netherlands, Luxembourg, Austria, the United Kingdom, Poland, and United States cities including Austin, Boston, Houston, Minneapolis and Seattle. Union Investment Real Estate GmbH is based in Hamburg, Germany with an additional office in New York, United States. Union Investment Real Estate GmbH operates as a subsidiary...
Valentinskamp 70 / EMPORIO
Key Executives for Union Investment Real Estate GmbH
Chief Executive Officer and Chairman of the Management Board
Head of Investment Management Hotels
Compensation as of Fiscal Year 2016.
Union Investment Real Estate GmbH Key Developments
Union Investment Real Estate Seeks To Acquire 101 Seaport
Mar 15 16
There's never a shortage of gossip in Boston's real estate community, but some recent buzz made my ears perk up a potential deal pending for Union Investment Real Estate GmbH to acquire the newly built 17-story PricewaterhouseCoopers office at 101 Seaport Blvd. for $442 million. Rumors of 101 Seaport's potential sale have swirled since November, with The Real Reporter saying a deal "that could near $450 million" was pending for the building. But the story picked up steam this week, albeit with a bit of uncharacteristic address confusion, again from The Real Reporter. If the rumor's true, it would be another deal at above $1,000 per square foot added to Boston's real estate rolls and yet another feather in the Seaport's already overstuffed cap. Not to mention that Skanska USA Commercial Development, Inc. that built and owns 101 Seaport - has been successful in bringing the building up to at least 91%occupied. "We often recapitalize our buildings at or near stabilization, but we do not have a contract, nor are we in an agreement, with a buyer to sell 101 Seaport," said Charley Leatherbee, Executive Vice President of Skanska USA Commercial Development, in an emailed statement. "In addition to 101 Seaport, Skanska is focused on the deliveries of 121 Seaport, Watermark Seaport, and 1350 Boylston St. as well pursuing other opportunities in the area."
Union Investment Real Estate Buys Godfrey Hotel Boston in US
Dec 17 15
Union Investment Real Estate has agreed to buy the Godfrey Hotel Boston in the US for $180 million. The hotel was sold by a joint venture of Oxford Capital Group and an affiliate of Walton Street Capital. The deal has been structured as a 25-year lease transaction, under which annual rent will be paid for 135,000ft2 of rentable area in the property. Located in Boston's business district, the 242-room hotel is scheduled to open in January 2016. Its features include a fitness centre and an executive boardroom.
UIREG Expected To Buy Converse Headquarters
Dec 15 15
Union Investment Real Estate GmbH (UIREG) is finalizing plans to acquire the new Converse Inc. headquarters at Lovejoy Wharf in Boston for $150 million, or $640 per square foot, according to a real estate industry source. The deal is expected to close before year-end and would be Union Investment Real Estate GmbH of Hamburg's first office acquisition in Boston, the source said. Union representatives did not respond to requests for comment. A Converse representative was not available for comment late Monday evening.
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