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Economy & Financial

DWS appoints Dr Ulrich von Creytz as CIO Real Estate

DWS appoints Dr Ulrich von Creytz to the position of Chief Investment Officer Real Estate for Europe. Based in Frankfurt, he will report to Clemens Schaefer, Global Head of Real Estate, APAC & Europe.
Friday, 21. June 2024

Harworth appoints Gareth Thomas as Development Director

Harworth Group plc appoints Gareth Thomas as Development Director for the Midlands region. Reporting to Midlands Regional Director, David Cockroft, he will be responsible for expanding the Midlands portfolio to support Harworth’s strategic growth ambitions, including progressing its major developments in the region.
Wednesday, 19. June 2024

Catella appoints Ronnie Holtslag as director

Catella has appointed Ronnie Holtslag, currently Director Acquisitions at Catella Investment Management Benelux as Director of Cross Border Investments with focus on Value-Add and opportunistic strategies. These new initiatives and products are based on Catella's pan-European presence and focus on institutional investors glob...
Wednesday, 19. June 2024

AY cooperates with QRA to strengthen SEE presence

Avison Young started a strategic affiliation agreement with Athens-based QRA Real Estate Advisors. Further expansion in Southeast Europe (SEE) – soon after entering Croatia in Q1 this year - supports the company's growth strategy and demonstrates AY's commitment to capitalize on opportunities in the region.
Wednesday, 19. June 2024

Bondholders clear way for Adler's recapitalisation

Bondholders of Adler Group S.A. have cleared the way for the Group's comprehensive recapitalisation following a binding agreement with a steering committee of bondholders announced on 24 May 2024.
Wednesday, 19. June 2024

LEG issues new shares to shareholders

As in the years 2021 and 2022, LEG Immobilien SE again offered its shareholders a scrip dividend this year. During the subscription period from 24 May 2024 to 10 June 2024, the shareholders were able to choose between the distribution of their dividend in cash or in the form of new shares.
Wednesday, 19. June 2024

Stranded asset time bomb in European commercial real estate

New research by Deepki, which surveyed over 250 senior European commercial real estate asset managers from institutions in the UK, Germany, France, Spain and Italy, with a combined AUM of €226.3 billion, reveals that the financial threat managers face from holding commercial real estate that fails to make the energy efficienc...
Wednesday, 19. June 2024

Logistea and KMC Properties agree merger deal

Logistea acquires Norwegian KMC Properties for SEK 3.26 billion (€289 million). As part of the transaction, new Logistea shares will be issued to KMC shareholders.
Monday, 17. June 2024

Deutsche Hypo finances Format for Greenstone

Deutsche Hypo-Nord/LB Real Estate Finance finances the Gdansk office properties Format for Greenstone Sp. z o. o. Sp. K. The financing volume of approximately €31 million is split into a real estate loan of €22 million with a term of 3.5 years and a one-year VAT loan of approximately €9 million.
Friday, 14. June 2024

029 Group changes Administrative Board

029 Group SE made changes to the Administrative Board of the company at yesterday's Annual General Meeting. As Lorin Van Nuland decided prior to the Annual General Meeting to resign as member of the Administrative Board, it was necessary to elect a new member in yesterday's Annual Shareholders Meeting. The shareholders electe...
Thursday, 13. June 2024

Patrizia decides to pay out dividend

Patrizia SE successfully held its Annual General Meeting 2024 as a virtual event. The shareholders approved all items on the agenda by a large majority. One of the resolutions adopted was the appropriation of the unappropriated profit and thus the distribution of a dividend of €0.34 per share for the financial year 2023. This...
Thursday, 13. June 2024

Modesta promotes Antonia Vrcic to Director and Head of Agency

As an international associate of Savills in Austria, Modesta Real Estate is part of a global network that spans the entire spectrum of all property asset classes. With Antonia Vrcic's promotion to Director and Head of Agency, she will now further build up Modesta's rental team to further strengthen this network.
Wednesday, 12. June 2024

Time hires Billy Brown as Head of Internal Sales

Time Investments has hired Billy Brown as Head of Internal Sales. He has joined the company from Triple Point where he was responsible for the strategic accounts and the distribution strategy, building and delivering a pipeline of new business opportunities.
Wednesday, 12. June 2024

CBRE IM secures refinancing for 280 Bishopsgate, London

CBRE Investment Management and King Street Real Estate GP, L.L.C., in partnership with Arax Properties have secured refinancing of 280 Bishopsgate, the Grade-A sustainable wellness focused office scheme in The City of London. A competitive and flexible debt finance package was provided by a financial institution and Delancey....
Tuesday, 11. June 2024