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Economy & Financial

Rutger Kaeding joins Heimstaden as Head of Corporate Finance

Rutger Kaeding starts 1 July as Head of Corporate Finance to lead an experienced team of 21 colleagues across Heimstaden’s markets. He joins from DIC Asset. The company has appointed Michael Tegeder as successor and its new Head of Corporate Finance.
Wednesday, 31. May 2023

pbb pays dividend of € 0.95 per share

Shareholders of Deutsche Pfandbriefbank AG (pbb) followed the proposals of the Management Board and Supervisory Board in all respects at the virtual Annual General Meeting on Thursday. Thus, the Annual General Meeting approved the distribution of a dividend of € 0.95 per no-par value share entitled to dividend, i.e. a total o...
Friday, 26. May 2023

Central cities are ripe for reinvention in the aftermath of the pandemic

Cities globally are at an inflection point, navigating structural changes to how people live and work due to the pandemic. JLL’s new The Future of the Central Business District report explores how cities are adapting to these changes and how the public and private sector can collaborate to help central districts remain releva...
Friday, 26. May 2023

Peach Property General Meeting approves all agenda items

The shareholders of Peach Property Group AG approved all of the agenda items at today’s Ordinary General Meeting with a clear majority. A total of approximately 44 percent of the share capital, respectively 72 percent of the registered voting rights were represented at this year’s General Meeting in Zurich. After an interrupt...
Thursday, 25. May 2023

Balder establishes its own property management organisation

During the autumn, Fastighets AB Balder will start its own property management organisation in Finland. This is in order to more effectively and cohesively manage the company’s wholly-owned properties together with the properties which are owned through Serena Properties AB. Juha Lehtonen has been appointed as the CEO of Bald...
Wednesday, 24. May 2023

Icade obtains ATEx approval for timber-frame façades

At the end of February 2023, Icade Promotion and Sto France obtained ATEx approval (Technical Experimentation Assessment) valid on more than one worksite for an ETICS on non-load bearing timber-frame façades. This ATEx is in addition to the one obtained in 2021 for an ETICS on load-bearing timber- and/or CLT-frame buildings.
Wednesday, 24. May 2023

Slättö welcomes Lærernes Pension as new anchor investor

Slättö welcomes the Danish pension fund Lærernes Pension as a new investor, committing SEK 600m to a Slättö fund. They are joining a group of investors which includes leading family offices in the Nordics and institutional investors such as Nordea Life and Pension.
Tuesday, 23. May 2023

Peach Property: Hybrid warrant bond to be continued for the time being

Peach Property Group AG, a real estate investor with an investment focus on residential real estate in Germany, will not call the outstanding amount of the hybrid warrant bond (SWX: PEA231, ISIN: CH0417376040) by the earliest possible call date on June 22, 2023, in line with its capital management and under its considerations...
Tuesday, 23. May 2023

Panattoni granted €64 mln in financing by BGK

Panattoni has been granted a €64 mln loan by Bank Gospodarstwa Krajowego for yet more landmark projects. The financing is to be used to develop a strategic complex for Poczta Polska in Radzymin as well as two buildings within Panattoni Park Grudziądz.
Tuesday, 23. May 2023

IntReal Increases AuA to €63.7bn in Q1 2023

For IntReal International Real Estate Kapitalverwaltungsgesellschaft mbh the 2023 financial year was off to a good start. The assets under administration (AuA) of the Hamburg-based administration specialist increased by €1.6 billion during the first quarter, climbing to c. €63.7 billion by 31 March 2023. It implies a 2.5-perc...
Tuesday, 23. May 2023

Vonovia appoints Clara C. Streit as Chair of the Supervisory Board

Vonovia SE held its Annual General Meeting today. Vonovia’s shareholders resolved to distribute a dividend of €0.85 per share (2022: €1.66) for the fiscal year 2022, thus following the proposal of the Supervisory Board and Management Board to combine dividend continuity and capital discipline. Shareholders will again be able ...
Friday, 19. May 2023

Global population of UHNWIs declined by 3.8% in 2022

According to the latest issue of The Wealth Report by Knight Frank, the global population of ultra-high-net-worth individuals (UHNWIs) declined by 3.8% in 2022, after a record climb of 9.3% in 2021. Despite the fall however, several growth hubs remained both at a regional and country level as well as across wealth bands – bil...
Wednesday, 17. May 2023

Deutsche Hypo refinances logisitics portfolio for GLP

Deutsche Hypo – Nord/LB Real Estate Finance, a commercial real estate financier, is to refinance the acquisition costs of three logistics properties leased on a long-term basis on behalf of GLP Capital Partners. The term of the financing is five years. The new buildings are modern, third-party logistics warehouses, located in...
Tuesday, 16. May 2023