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Economy & Financial

Hamborner REIT approved full-year forecast

Hamborner REIT AG reported business development as planned for the first half of the year and confirmed its forecast for the 2022 financial year and the distribution of an „attractive dividend“.
Tuesday, 9. August 2022

IntReal increases AuA to €57.2bn

IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH looks back on a successful first half-year of 2022. Notwithstanding inflation, interest rate moves, the war in Ukraine and the energy crisis, the Hamburg-based administration specialist managed to increase its assets under administration (AuA) by c. €6.0 bil...
Monday, 8. August 2022

Investment volume hits €2.88bn in H1 2022

Cushman & Wakefield has released a summary of the first half of 2022 on the Polish investment market. In the first two quarters of the year, Poland’s total commercial property investment volume was 44% higher than in the same period last year. Below are other key summary findings.
Monday, 8. August 2022

Intriva Capital launches SpaceGenie

Intriva Capital today announces the launch of its German drive-up self-storage company, SpaceGenie. The new company plans to build and operate more than 50 self-storage facilities across Germany, representing one of the largest platforms of its kind in the country. The independent alternative asset manager also announces the ...
Monday, 8. August 2022

Schroders Capital strengthens platform with Europa Capital team

Schroders Capital’s Real Estate Debt team has strengthened its investment platform with a team from Europa Capital. The team consists of Mike Birch as Lead Investment Manager, Robert Game as Portfolio Manager, Louise Standring-Smith as Investment Manager and Sunny Vaghela as Analyst.
Monday, 8. August 2022

S Immo: Bonds with a nominal value of €104.5m called

Holders of the corporate bond 1.25% S Immo Green Bond 2022-2027 (ISIN AT0000A2UVR4) have called a nominal amount of €24,941,500 and holders of the corporate bond 1.75% S Immo Green Bond 2021-2028 (ISIN AT0000A2MKW4) have called a nominal amount of €79,550,500.
Monday, 8. August 2022

pbb provides €50 m investment facility to Macquarie

pbb Deutsche Pfandbriefbank has provided a €50 mn credit facility to Macquarie Asset Management on behalf of one of its managed accounts. The facility will be used to refinance the acquisition of a portfolio of newly built City Flex logistics properties in Poland. pbb acted as arranger and sole lender under the facility.
Monday, 8. August 2022

ISG: Martyn Peters replaces Aydin Karaduman

Aydin Karaduman surprisingly leaves the construction service provider ISG. He had been on board since the end of 2019 as Managing Director Europe and will now be replaced by Martyn Peters as Managing Director CEE.
Thursday, 4. August 2022

Hagag receives building permit for Știrbei Palace

Hagag Development Europe received the building permit for the consolidation and renovation works on Știrbei Palace, its property located on 107 Calea Victoriei. The company has initiated the tender process for the selection of the general contractor and is making all the necessary arrangements to soon start construction works...
Thursday, 4. August 2022

Redevco hires Jonathan Cole as Transaction Manager UK

Redevco hires Jonathan Cole in the role of Transaction Manager in the UK reporting to Tom Hoye. Jonathan starts today and will be part of Redevco’s Global Transaction Management team, headed by Adam Starr. He joins from Ellandi where he was Investment Director.
Thursday, 4. August 2022

Aareal arranges USD 370m Green Loan for Manhattan office building

Aareal Capital Corporation, a wholly owned subsidiary of Aareal Bank, announced on August 1, 2022 the closing of a financing agreement with SL Green Realty Corp., a fully integrated real estate investment trust (REIT) and Manhattan's largest office landlord.
Thursday, 4. August 2022

Griffen secures £110 million investment facility from Deutsche Bank

Griffen UK has agreed a £110 million investment loan from Deutsche Bank, secured against a 1.9 million sq ft, two-asset UK logistics portfolio. The five-year facility will support Griffen’s delivery of its business plan across the two fully let schemes, which occupy prime distribution locations within the UK’s logistics Golde...
Thursday, 4. August 2022

Aareal Bank postpones Annual General Meeting

Aareal Bank AG will postpone its virtual ordinary Annual General Meeting, originally scheduled for 10 August 2022, to 31 August 2022, due to a technical fault. Due to a missing ISIN, it was not possible to guarantee that all shareholders entitled to vote received the convening notice for the Annual General Meeting published o...
Thursday, 4. August 2022