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Economy & Financial

Intervest appoints Joël Gorsele as CEO

The supervisory board of Intervest Offices & Warehouses appoints Joël Gorsele as chief executive officer. Gorsele has more than 15 years of real estate experience within various management, commercial and financial positions. As chief investment officer (cio) of Intervest, Gorsele has led the investment team in recent years, ...
Wednesday, 26. April 2023

P3 appoints Joost Merkx

P3 Logistic Parks has appointed Joost Merkx as Head of Investment for the Netherlands and Belgium. Merkx will be responsible for identifying and executing investment opportunities across both countries to expand the company’s portfolio in the region.
Wednesday, 26. April 2023

Vonovia to sell €1.0bn minority equity participation in Südewo

Vonovia announces the sale of a minority common equity participation in its “Südewo” portfolio to Apollo, on behalf of its affiliated and third-party insurance clients and other long-term investors, for €1.0bn. The investment represents an ownership of just under 30% adjusted for minorities.
Wednesday, 26. April 2023

Recon acquires stake in Kingstone Debt Advisory

The institutional debt fund platform Kingstone Debt Advisory (KDA) has gained another strong shareholder in the shape of Recon AG. The Munich-based company holds now under 50% of the shares in KDA. The transaction sees Recon’s Executive Board member Marcus Kraft join KDA’s current management team comprising Dr Tim Schomberg, ...
Tuesday, 25. April 2023

Newsec establishes Investment Management in Norway

Newsec has a history of assisting international pension capital with Investment Management in Sweden, Finland and more recently Denmark. Norway is a natural place to roll out the IM model where clients are offered a total delivery that has great similarities with the Norwegian syndication business.
Tuesday, 25. April 2023

Münchener Hypothekenbank improves business results

Münchener Hypothekenbank generated good business results in 2022. In particular, the earnings trend continued to be positive. Income from ordinary business activities rose by 17 percent to € 132.3 million. "We have demonstrated that even in a very tough market environment, we are successful and a reliable partner for our cust...
Monday, 24. April 2023

Peach Property Group AG: CEO Thomas Wolfensberger resigns

Dr. Thomas Wolfensberger, CEO of Peach Property Group, informed the Board of Directors that he intends to step down from his role as CEO after 16 years of service at the upcoming Annual General Meeting on May 24, 2023. He will continue to be available to the company as an advisor.
Thursday, 20. April 2023

Corporates raised over €25 billion from real estate sales

The sale of company-owned real estate across Europe, Middle East and Africa (EMEA) raised €25.6billion in 2022 across more than 700 transactions, according to JLL’s latest Raising Capital from Corporate Real Estate report.
Thursday, 20. April 2023

Szymon Mińczuk takes the position of Retal Director in G City Europe

At the beginning of March 2023, a new Retail Director joined G City Europe (formerly Atrium European Real Estate). The appointee is Szymon Mińczuk, who gained nearly 20 years of experience in the commercial real estate sector, in companies such as Caelum Development, GTC and Echo Investment.
Wednesday, 19. April 2023