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» Chronological View: " Central Europe " «

B&L Group celebrates topping-out ceremony for Oasis in Berlin

B&L Group celebrates topping-out ceremony for Oasis in Berlin

With the topping-out ceremony for the new building complex in Berlin-Mitte yesterday, Oasis Berlin has reached an important milestone. The residential district is being built on a plot of approx. 5,500 sqm directly located on the Spree. „The Oasis Berlin with its direct waterfront location and in the heart of the capital is a...
Thursday, 19. April 2018

State of Baden-Württemberg rents entire property in Stuttgart

Gieag Immobilien AG has concluded a long-term rental agreement with the state of Baden-Württemberg from1 June 2018 5,000 for all of the approx. 5,000 square meters of space in its office complex in Stuttgart. The state has rented the entire office complex on Neckartalstraße 13 and is thus the sole tenant in this Gieag propert...
Thursday, 19. April 2018

KanAm fund makes a purchase in the affluent Munich suburbs

KanAm Grund Group has bought a property for their new real estate fund for institutional investors in the commuter belt of Munich. The third property purchased for the „Fokus Süddeutschland Fonds“ is the TechPark Oberhaching in the southeast of the Bavarian metropolis.
Thursday, 19. April 2018

Deutsche Hypo achieves result of € 62.7 million

Following another successful financial year in 2017, Deutsche Hypothekenbank is reporting a result from normal operations of € 62.7 million (previous year: 115.0). Strong business development in the bank’s core business area, reflected in a stable earnings base and the very good risk result, was the main factor behind this po...
Thursday, 19. April 2018

Transaction volume of €661 million in the Q1 of 2018

A transaction volume of €661 million was registered on the German hotel market in the first quarter of the current year. The result has dropped 41 percent below the level of the previous year’s period. The downturn in the volume is mainly attributable to the size of the transactions and the focus on secondary locations. This ...
Thursday, 19. April 2018
Zeitgeist AM transforms a historic building in Budapest into residential space

Zeitgeist AM transforms a historic building in Budapest into residential space

Zeitgeist Asset Management has expanded its portfolio by acquiring a new property for a German pension fund, administered by Institutional Investment Partners. The residential project is located in Budapest downtown. The building is located on a plot of 3,520 m² on Lonyay Street. Conversion of the building is going to start s...
Thursday, 19. April 2018

Unibail-Rodamco priced a €2.0 bn dual-tranche hybrid transaction

Unibail-Rodamco priced its inaugural hybrid securities offering to finance a portion of the cash consideration in the Westfield acquisition at €2 bn. The securities involved include a €1,250 mn Deeply Subordinated Perpetual Non-Call 5.5 year hybrid security with a 2.125% coupon and a €750 mn Deeply Subordinated Perpetual Non-...
Wednesday, 18. April 2018

Adler to enter into a joint venture with Benson Elliot

Based on a letter of intent, Adler Real Estate AG will establish a joint venture with Benson Elliot Capital Management LLP with the sole purpose of disposing of its non-core-units. Subject to legally binding documentation, Adler intends to transfer the non-core units ear-marked for disposal with a gross asset value of circa €...
Wednesday, 18. April 2018

Patrizia acquires 525-unit resi portfolio for €53m

Patrizia Immobilien AG has acquired a residential portfolio with a projected total of 525 student and business apartments in Leipzig and Mainz for €53m. The three properties of the portfolio are located in stable macro and micro-locations characterised by a significant excess demand in a residential real estate.
Wednesday, 18. April 2018

DIC Asset records excellent result for its first scrip dividend

A large number of DIC Asset shareholders took advantage of the option to be paid their dividend in new shares, a choice offered to them for the first time. With a subscription price at €9.92 for each new share, and a subscription ratio of 15.5 to 1, the acceptance rate represented around 44 percent of the dividend-bearing sha...
Wednesday, 18. April 2018
Allianz celebrates topping-out ceremony in Hamburg

Allianz celebrates topping-out ceremony in Hamburg

Allianz Real Estate is celebrating the topping-out ceremony for its new office building „An der Alster 42“ in Hamburg's St. Georg district. As the owner, it has also invited the participating craftsmen, architects and business partners to the construction site on the Alster for a traditional celebratory drink and reception. T...
Wednesday, 18. April 2018

Second-best result of all time: 910,000 sqm of space taken up in the 1st quarter

In the first quarter of 2018, 910,000 m² of office space was taken up in the eight main German locations Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich. The 900,000 m² mark was exceeded for the second year in a row and was only 4 % below the record set in the previous year. This is the result of th...
Wednesday, 18. April 2018
Realogis appoints  Nicole Neumärker as authorised representative

Realogis appoints Nicole Neumärker as authorised representative

Realogis has appointed Nicole Neumärker as authorised representative of Realogis Immobilien Hamburg GmbH and Realogis Immobilien Deutschland GmbH. In this role, she is in charge of managing the offices with responsibility for earnings and staff as well as for organising, monitoring and adapting internal work processes. The re...
Tuesday, 17. April 2018
Vaclav Jonas takes over as Managing Director of CA Immo Czech Republic

Vaclav Jonas takes over as Managing Director of CA Immo Czech Republic

Vaclav Jonas has been appointed Managing Director of the Prague office and is thus responsible for all asset and property management activities of CA Immo, including tenant support and retention. Jonas will be supported by Jan Baxa, who took over the role of Head of Asset Management in the country from April 2018, and Radek P...
Tuesday, 17. April 2018

Companies looking to move are thwarted by the lack of suitable spaces

The results of numerous economic surveys at the beginning of the year indicated that expectations tend to be subdued, while President Trump’s announcement of trade tariffs is unlikely to help lighten the mood. Irrespective of this, most economic indicators continue to point upwards and support the currently very positive econ...
Tuesday, 17. April 2018
Seidel appointed Nord/LB CFO and COO

Seidel appointed Nord/LB CFO and COO

Olof Seidel will assume the positions of Chief Financial Officer (CFO) and Chief Operating Officer (COO) of Nored/LB. As General Representative, he will take on the role of head for Finance/Tax, Group IT and other areas. He will report directly to Thomas Bürkle, the Chairman of the Management Board of the German lender. The b...
Monday, 16. April 2018

German Pfandbrief banks expect the rise in prices to slow down

The Association of German Pfandbrief Banks (vdp) is not expecting the dynamic price growth in the German market for residential properties to continue at the pace seen over the last few years. “We expect the rise in prices in the German housing market, both nationwide and in the metropolitan areas, which has been particularly...
Monday, 16. April 2018