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Deutsche Wohnen completes first quarter of 2012 successfully

In the first quarter of 2012 Deutsche Wohnen posted a consolidated Group profit of € 14.4 million, increasing its result in comparison to the previous year (€ 8.5 million) by around 70%. more...
Monday, 14. May 2012

German open-ended real estate funds: index dip caused by special item

German open-ended real estate funds returned -0.5% in April, having returned 0.0% in March. While German-focused fund performance remained positive at 0.1%, globally-focused funds produced a negative return of -0.2%, and funds with a... more...
Monday, 14. May 2012
Trianon, Frankfurt, Büro, Hessen, Germany, LEED - Photo: Trianon, Frankfurt, Büro, Hessen, Germany, LEED

Trianon received LEED gold certificate

The Trianon in Frankfurt has undergone certification under the LEED guidelines and has been awarded a gold certificate. This makes the office high rise on Mainzer Landstraße 16 one of the first existing properties in Germany to own an LEED... more...
Saturday, 12. May 2012

German office market nearly balanced

The results of the German Office Rent Reversion Index (DMX), annually published by IPD and by alstria office REIT-AG, show a very low rent reversion for the reporting year to May 2012. After the strong result of 3.9% in the last... more...
Friday, 11. May 2012

KWG Kommunale Wohnen AG records significant growth

KWG Kommunale Wohnen AG records a successful start into the current fiscal year. The Q1 2012 net result improved vs. last year's net result by 11.3 % to € 0.3 million. At the same time Earnings before Interest and Taxes (EBIT)... more...
Friday, 11. May 2012

Hamborner presents positive operating performance

Hamborner REIT AG has enjoyed a successful start to operations in the 2012 financial year. Rental and leasing income for the first three months rose by around 27% on the previous year's level to a total of approximately €9.0 million.... more...
Thursday, 10. May 2012

Bilfinger Berger confirms positive outlook for 2012

Bilfinger Berger presents today its report on business development in the first quarter of 2012 at the Annual General Meeting in Mannheim. The Group had a solid start in the new financial year: output volume increased by 6 percent to... more...
Thursday, 10. May 2012

TAG Immobilien reports significant increases in profit

For TAG Immobilien AG, the first quarter of 2012 was dominated by the acquisition and first-time consolidation of DKB Immobilien AG. At the end of the quarter this led to a step-change in the accounts of TAG which will be significantly... more...
Thursday, 10. May 2012
Marktgrafenpark, Berlin, Germany, Office, Büro,  - Photo: Marktgrafenpark, Berlin, Germany, Office, Büro,

Allianz buys Markgrafenpark in Central Berlin

Allianz Real Estate Germany GmbH has continued its investment in central Berlin. The purchase of Markgrafenpark ensemble – an office complex comprising eight buildings near Friedrichstrasse in central Berlin – was finalized last week.... more...
Thursday, 10. May 2012

IVG lets total of 6,500 sqm in The Squaire

Since the end of 2011, IVG has concluded ten new leases for a total of 6,500 sqm of rental space in The Squaire project at Frankfurt Airport. Its occupancy rate has therefore risen to around 85%. The new tenants include the logistics... more...
Thursday, 10. May 2012

New tenant for Pega-Park Am Martinszehnten

The forwarding company Spedition Hertling has leased around 1,400 sqm of warehouse space in Frankfurt's Pega-Park. This family enterprise, founded almost 150 years ago in Berlin, will use the extra space for archive storage. The... more...
Wednesday, 9. May 2012

New Federal Supreme Court ruling demands change in IVG Supervisory Board

With its resolution announced today, the German Federal Supreme Court BGH rejected IVG’s appeal against non-admission pertaining to a decision by the Cologne Higher Regional Court. This means the Cologne Higher Regional Court’s... more...
Wednesday, 9. May 2012

Alstria office REIT: Acquisitions drive FFO performance

Alstria office REIT-AG announces its result for the first three months of 2012. In the first three months of 2012, alstria’s revenues increased by 10.7% year-on-year to € 23.6 m, mainly as a result of the acquisition of real estate... more...
Tuesday, 8. May 2012

Ballymore needs a partner for Kudamm-Karree

The Irish Ballymore Group has big plans for Berlins Kurfürstendamm. On an area of 20.000 m² the project developer wants to invest €500 Mio and redevelop the Kudamm-Karree in the Charlottenburg district. The plan will include 21.000... more...
Tuesday, 8. May 2012

SEB ImmoInvest will be dissolved

Investors decided together with the fund management about the future of SEB ImmoInvest. Many of the investors asked for a re-opening and continuation of the fund. The announced amendment of the fund rules in line with the German... more...
Monday, 7. May 2012
Konrad-Adenauer-Ufer, Cologne, Germany - Photo: Konrad-Adenauer-Ufer, Cologne, Germany

Architect competition for former Royal Railways headquarters in Cologne decided

The anonymous and limited-entry architect competition around what was originally the Royal Railways headquarters (Königliche Eisenbahndirektion Cöln) on Konrad-Adenauer-Ufer in... more...
Monday, 7. May 2012

Edeka Südwest renews its lease in Karlsruhe

Targareal Consulting GmbH has agreed with Edeka Handelsgesellschaft Südwest GmbH the early renewal of the lease for the food store in Karlsruhe’s Weiherhof Center until October 2024. more...
Monday, 7. May 2012

Berlin Hyp completes tender to buy back public-sector Pfandbriefe

Today Berlin Hyp concluded the tendering process to buy back public-sector Pfandbriefe by setting the purchase price. Overall, investors offered 991,705,000 euros of holdings which met the bank’s own target. Berlin Hyp accepted all... more...
Monday, 7. May 2012