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» Chronological View: " Economy & Financial " «

Hat-trick for Johnson Fellows as graduates appointed

A hat-trick of new appointments at two of its key offices has today been announced by Johnson Fellows. Connor Shaw, Niall Glendon and Jake Stace have joined the company as it strengthens its Birmingham and London offices while investing in talented young professionals.
Thursday, 3. January 2019

Strabag PFS acquires FM service provider Caverion Polska

Before Christmas, Strabag PFS Austria GmbH signed an agreement for the acquisition of 100 % of the shares of Caverion Polska Sp. z o.o. of Warsaw, a Polish specialist in the field of technical facility management (TFM). The previous owner, Finland’s Caverion Oyj, has chosen to withdraw from this market.
Wednesday, 2. January 2019

Partners Group announces senior-level promotions

Partners Group has promoted ten leaders from across the business to Partner and Managing Director. These individuals will join Partners Group's current leadership team, which following the promotions will comprise 43 Partners and 61 Managing Directors worldwide.
Wednesday, 2. January 2019

CREDI indicates tightened access to debt for property companies

In the December issue of the Catella Real Estate Debt Indicator (CREDI), the Main index falls slightly from 49.6 to 48.6, as credit availability has worsened noticeably over the past two quarters. Property companies did experience slightly improved credit terms as interest rates fall to a record low, but uncertainty looms as ...
Wednesday, 2. January 2019

Larger deals driving Nordic market close to record in 2018

2018 was another active year in the Nordic property market, as average transaction size increased, and inflow of foreign capital continued to be strong. According to new figures from Pangea Property Partners, transaction volumes in the Nordic property market reached €42 billion in 2018, virtually unchanged from 2017. 2018 is ...
Wednesday, 2. January 2019

Carsten Demmler appoints as new Head of Capital Management at Warburg-HIH Invest

Carsten Demmler (43) starts at Warburg-HIH Invest as Head of Capital Management. In this position, he will manage the marketing of strategy funds, individual solutions and every other kind of service related to institutional real estate investments.
Wednesday, 2. January 2019

Aareal Bank completes acquisition of Düsseldorfer Hypothekenbank

Aareal Bank Group has completed the acquisition of Düsseldorfer Hypothekenbank AG, announced on 11 September 2018 . The purchase was completed with effect from 31 December 2018, as planned. Now that the transaction has been closed, Düsseldorfer Hypothekenbank AG is a legally independent subsidiary of Aareal Bank Group.
Wednesday, 2. January 2019

Axactor acquires large unsecured NPL portfolio in Spain

Axactor has closed its biggest one-off transaction in 2018, with a large Spanish financial institution. The purchase is an unsecured portfolio with an outstanding balance of approximately €940 m across more than 100.000 claims. The portfolio comes with a significant number of paying cases, increasing the existing revenue from...
Tuesday, 1. January 2019

Adler and Benson Elliot enter into a JV to dispose of 2,300 residential units

Following the announcement published on 18 April 2018, Adler has now successfully entered into a joint venture agreement with Benson Elliot Capital Management. The Joint Venture entity will focus on disposing of 2,318 units it acquired from Adler. The assets transferred into the JV have Gross Asset Value of €117.7m and were t...
Tuesday, 1. January 2019

Eurocastle raises €17.2 million through financing of NPL Portfolio

Eurocastle Investment Limited announces the successful completion of the financing of a portfolio of non-performing loans with gross book value of approximately €675 million acquired jointly with Fortress Affiliates in November 2018. Eurocastle received approximately €17.2 million of net proceeds after costs and reserves, e...
Tuesday, 1. January 2019

YIT’s subsidiaries merged into YIT Finland Ltd

YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. In the next stage of the merger on January 1, 2019, our subsidiaries YIT Infra Oy and YIT Talo Oy merged into YIT Construction Ltd. Immediately after the merger, YIT Construction Ltd was renamed as YIT Finland Ltd. YIT Finland Ltd will continue the curre...
Tuesday, 1. January 2019

Deutsche EuroShop extends mandate of CFO Olaf Borkers

The Supervisory Board of Hamburg-based shopping center investor Deutsche EuroShop AG has extended Olaf Borkers’ term of office as a member of the Executive Board until the end of September 2022. Borkers (54) has been a member of the Deutsche EuroShop Executive Board since October 2005.
Thursday, 27. December 2018

Staycity appoints Wayne Arthur as CFO as Colm Whooley steps down

Staycity Group has announced the appointment of Wayne Arthur as chief financial officer, succeeding finance director Colm Whooley who is stepping down from his role to pursue personal interests. Arthur joins Staycity in mid-January from casual dining chain Prezzo, where he has been CFO for the past two years. Prior to that he...
Thursday, 20. December 2018

Savills further expands in the industrial sector

Savills has set up a dedicated Industrial Investment team in Poland and hired three new professionals, including John Palmer as head of the team. As well as pure transaction support, the team will offer advisory and underwriting services in a sector with a particularly high proportion of forward funding transactions.
Wednesday, 19. December 2018

DIC Asset AG reshuffles Senior Management of DIC Onsite

DIC Onsite GmbH will start into its next financial year with a new senior management as of 1 January 2019. The objective that the S-Dax-listed DIC Asset AG pursues in line with its very dynamic growth is to intensify the property management focus of its asset management and property management subsidiary, which employs 120 st...
Tuesday, 18. December 2018

Deutsche Wohnen extends contract of CEO Michael Zahn

The supervisory board of Deutsche Wohnen SE unanimously resolved to extend the ongoing appointment of Michael Zahn as Chief Executive Officer for five years until 31 December 2023. He has been a member of the management board since 01 September 2007.
Monday, 17. December 2018

Publity increases forecast for 2018 again significantly

Publity AG increases its annual forecast for 2018 for the second time within a few weeks as a result of high fee inflows in connection with recent acquisitions and sales of real property for customers. The Managing Board currently expects for fiscal 2018 sales revenues, an EBIT and a net income for the year which are 50 to 70...
Monday, 17. December 2018