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Economy & Financial

Exchange rate brings Peach Property loss

Peach Property can actually look forward to the highest operating result in the company's history for the 2022 financial year, were it not for the bitter loss due to exchange rate developments.
Tuesday, 21. March 2023

Panattoni has a successful start to the year

Despite the tense, overall economic situation, Panattoni, the leading project developer for industrial and logistics properties in Europe, nonetheless recorded a positive start to the new year. In addition to completing the first project on the Austrian market and a nearly 10% increase in staff in Germany and Austria, a wide ...
Tuesday, 14. March 2023

Primonial REIM to acquire Icade's stake in Icade Santé

Icade, Icade Santé’s minority shareholders and Primonial REIM have announced the signing of an exclusivity agreement on the sale of Icade’s stake in Icade Santé and arrangement of the sale of the asset portfolio owned by Icade Healthcare Europe (IHE). Icade’s total investment in its Healthcare Property Investment Division is ...
Tuesday, 14. March 2023

Valor signs €54m loan with Nuveen for three Berlin logistics assets

Valor Real Estate Partners has completed a €54 million debt facility with Nuveen Real Estate. The 5-year, c. 65% Loan-to-Cost facility comprises a €33.8 million refinancing tranche and €19.7 million capital expenditure tranche, to support repositioning activity across three assets. It represents the first transaction between ...
Thursday, 9. March 2023

Alan Cadmus sells Cilix Asset Management to Sonar

In a planned corporate succession, Sonar Real Estate GmbH (Sonar) has taken over the asset management team and the instructions managed by the Berlin-based Cilix Asset Management GmbH. The company was founded by managing partner Dr Alan Cadmus in 2016 after ending his 18-year service on the board of the formerly listed Polis ...
Thursday, 9. March 2023

Dr. Christine Bernhofer appointed to Real I.S. Management Board

Real I.S. AG has appointed Dr. Christine Bernhofer to the Management Board. She will join the company as a member of the Management Board with effect from 1 October 2023. The nomination is subject to receipt of the approval of the Federal Financial Supervisory Authority (BaFin). The property expert takes over from Dr. Pamela ...
Wednesday, 8. March 2023

Montea appoints Xavier Van Reeth as Country Director Belgium

As from April, Xavier Van Reeth will join the Montea team as Country Director Belgium. In this role, he will lead the Belgian team that’s responsible for managing existing clients as well as the further growth of the property portfolio in Belgium. As regards managing the existing portfolio, the focus will be on maintaining th...
Monday, 6. March 2023