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Guido Piñol appointed as IVG member of the Board of Management

Guido Piñol (44) has been appointed as an ordinary member of the Board of Management and as Chief Operating Officer (COO) of IVG Immobilien AG as at 1 October 2013 for a period of three years. Mr Piñol will take on functional... more...
Thursday, 20. June 2013

Changes to the Management Board of Erste Group

Personnel changes on the Management Board of Erste Group Bank AG: Manfred Wimmer will be leaving the Management Board at his own request to go into retirement as of 1 September 2013. Gernot Mittendorfer, CRO up to now, will succeed him... more...
Thursday, 20. June 2013

Realogis advises buyer and seller of property in Olching „G-Park 471“

A medium-sized garden and landscaping company has purchased a 12,700 m² property in the new G-Park 471 currently in development, with good access to the A8 and A9 motorways. The property is just metres from the Dachau/Fürstenfeldbruck... more...
Thursday, 20. June 2013

Rent increases pass their peak

In most major German cities, rents will continue to increase up to 2017, although these increases will not be as high as in previous years. These findings are contained in the latest Residential Property Investment Compass published by... more...
Thursday, 20. June 2013

Invesco Real Estate Boosts European Research and Performance Measurement Functions

Invesco Real Estate announces the expansion of its European research and performance measurement functions in London and Munich. Christian Eder and Matthew Hall have joined as associate directors of European research. Kim Politzer now... more...
Thursday, 20. June 2013

BCD Travel signs long-term lease extension at Global Gate in Düsseldorf

Corporate travel management provider BCD Travel will be remaining on Grafenberger Allee in Düsseldorf for a long time to come. In future, it will occupy some 1,800 sq m in Global Gate, an office complex at Grafenberger Allee 295.... more...
Wednesday, 19. June 2013

GSW general meeting withdraws confidence in Kottmann

The general shareholders' meeting of GSW Immobilien AG on 18 June 2013 adopted a resolution with 63.31 % of the votes cast to withdraw confidence in the Chief Executive Officer Dr. Bernd Kottmann. The motion of a shareholder to remove... more...
Wednesday, 19. June 2013
Space 20 - Photo: Space 20

Union Investment acquires office properties for new fund

Union Investment has acquired the first two properties in Germany for its UniInstitutional German Real Estate fund. The office properties, which are located in Darmstadt and... more...
Wednesday, 19. June 2013

Verdion secures E-Commerce pre-let in Hanover

Logistics property investor and developer, Verdion, has secured a pre-let to Netrada at Phase One of its 1,184,069 sq ft (110,000 sq m), high-quality logistics scheme in Hanover. Netrada, one of the world’s leading e-commerce... more...
Wednesday, 19. June 2013

pbb Deutsche Pfandbriefbank and Helaba finance Pacific Tower

pbb Deutsche Pfandbriefbank and Helaba have jointly provided a € 163 million senior loan to Tishman Speyer. The credit facility will be used to finance the acquisition of the Pacific Tower in La Défense, Paris, as well as for... more...
Tuesday, 18. June 2013
Toom Baumarkt Duisburg - Photo: Toom Baumarkt Duisburg

Acrest signs 10-year lease extension with toom Baumarkt in Duisburg

On behalf of the owner of the commercial property at Max-Peters-Straße 3 in Duisburg, Acrest Property Group has signed a lease extension with toom Baumarkt to 2022. Built in 1995... more...
Monday, 17. June 2013

IVG purchases office tower Gallileo in Frankfurt in a club deal

IVG has acquired the office tower Gallileo in Frankfurt am Main in a club deal for a number of South Korean institutional investors. The core property with total rental space of just under 40,000 m² is let on a long-term basis to... more...
Monday, 17. June 2013

Construction machinery manufacturer leases space in Bietigheim-Bissingen

Construction machinery manufacturer is leasing a warehouse in Bietigheim-Bissingen. The maker of coating machines will now have 750 m² of warehouse and 250 m² of office space at its disposal in Daimlerstraße. Owned by an institutional... more...
Monday, 17. June 2013

Magnat sharpens its focus on Germany

Magnat Real Estate AG announced that the last residential units of its remaining co-proprietor's building schemes in Vienna and the asset management of co-proprietor's building schemes that were already placed on the market were sold en... more...
Friday, 14. June 2013

alstria leases 7,700 sqm in Düsseldorf

alstria office REIT-AG announces the signing of a lease for its asset in Hans-Böckler-Strasse 36, Düsseldorf. With the successful lease-up of the building, alstria signed one of the largest new leasing contracts in Düsseldorf this... more...
Friday, 14. June 2013
The new MBVD headquarters - Photo: The new MBVD headquarters

CA Immo completes new corporate sales headquarters for Mercedes-Benz sales division Germany in Berlin

Together with guests from industry and politics, Mercedes-Benz Vertrieb Deutschland (MBVD) today inaugurated its new headquarters in Berlin's Friedrichshain district. The office... more...
Friday, 14. June 2013

DIC Asset plans to issue Corporate bond

The SDAX-listed real estate company DIC Asset AG has decided in principle to issue a second five-year corporate bond with a volume of at least € 75 million. The corporate bond shall be included in the Prime Standard for corporate bonds... more...
Friday, 14. June 2013

Rossmann moves into Zollstock shopping centre in Cologne

Allianz Real Estate Germany GmbH has scored another letting success in Cologne by signing up the Rossmann drugstore chain for nearly 860 sq m of retail space at the Zollstock-Arkaden shopping centre. Following its conversion,... more...
Friday, 14. June 2013