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» Chronological View: " Central Europe " «

The journey continues: Investment turnover of €58.2bn

In 2017 around €58.2 bn was invested nationwide in commercial property. Due to a very strong final quarter, the previous year's very good turnover was improved once again by 11 %. This is revealed in the Investment Market Report 2018, which BNP Paribas Real Estate will publish at the beginning of February. The most important ...
Friday, 12. January 2018

German construction volume forecast: End of the new housing sector boom

The construction sector cycle will continue its upward course in the next two years according to the forecast of the German Institute for Economic Research (DIW Berlin), which makes its annual prognosis of construction volume on behalf of the Federal Ministry for the Environment (Bundesbauministerium, BMUB) and the Federal In...
Friday, 12. January 2018
Christoph Geissler becomes new CFO and CIO of CapitalBay

Christoph Geissler becomes new CFO and CIO of CapitalBay

Capital Bay GmbH has named Christoph Geissler as its Chief Financial Officer with effect from 1 January 2018. He will additionally assume the function of Chief Investment Officer. Geissler, who brings a legal background, previously served as Head of Real Estate Investment & Funds at WealthCap Kapitalverwaltungsgesellschaft mb...
Friday, 12. January 2018
Invesco RE acquires three European core office assets for €140 million

Invesco RE acquires three European core office assets for €140 million

Invesco Real Estate has acquired three Class-A office properties in Milan, Prague and Munich. The acquisitions with a total investment volume of €140 million were made on behalf of one of the firm’s long-standing German separate account clients, a south German pension fund. „All three assets are fitting perfectly into the agr...
Friday, 12. January 2018

Corestate completes the HFS acquisition by early refinancing

Corestate Capital Holding S.A., based in Luxembourg, has completed the full repayment of an HFS acquisition loan (Compartment Thalos IX from Thalos Investment Platform S.A.) with a total nominal amount of €150m. The loan formed part of the acquisition financing for Helvetic Financial Services AG (HFS) in July 2017. After the ...
Friday, 12. January 2018
Munich: Conren makes two deals at the start of the year

Munich: Conren makes two deals at the start of the year

Conren Land starts the year dynamically. The investor has sold an office property in Baierbrunner Strasse in Munich to a fund managed by Patrizia. At the same time, the investment company acquired an office property in the Thomas-Dehler-Strasse 18 through an asset deal.
Thursday, 11. January 2018
CA Immo: Property sales in 2017 generated proceeds of € 370 m

CA Immo: Property sales in 2017 generated proceeds of € 370 m

CA Immo successfully signed property sales with a total volume of approx. €370 m. Around 90% of sales proceeds were accounted for by contracts signed in the fourth quarter of 2017 – among them the sale of the Frankfurt Tower 185, CA Immo's largest single transaction of the year . Sales prices achieved in 2017 on average were ...
Thursday, 11. January 2018

Corestate acquires micro-apartments worth €670m for Bayerische Versorgungskammer

Corestate Capital Holding S.A. has acquired five project developments comprising a total of over 1,700 newly built micro-apartments. The five properties were acquired by way of a forward deal for the real estate umbrella fund set up for Bayerische Versorgungskammer (BVK) on the Luxembourg-based AIF platform of Universal-Inves...
Thursday, 11. January 2018

Blackstone acquires logistics portfolio from Goodman

The Blackstone Group, on behalf of Blackstone Property Partners Europe Lower Fund 2, has agreed to acquire a third portfolio of Australian industrial and logistics properties from Goodman. The portfolio comprises 24 centres in Poland, Germany and France.
Thursday, 11. January 2018

Transaction volumes reach 10-year high with strong outlook for 2018

According to Colliers International Deutschland, the German commercial investment market ended 2017 with a transaction volume of €57.3 billion, a 10-year record high. 2017 is the third consecutive year to post a total-year result of over €50 billion also beating out 2015’s recent high of €55.4 billion. The only hurdle missed ...
Wednesday, 10. January 2018
Blackstone and Quincap acquire Haus am Bundesrat in Berlin

Blackstone and Quincap acquire Haus am Bundesrat in Berlin

In July, Blackstone had set an exclamation mark with the purchase of the Axel Springer passage in the German capital. Now, the investor - together with Quincap Investment Partners - has acquired the Haus am Bundesrat (Leipziger Strasse 127-128) from the Carlton Group. The parties have agreed not to dicslosed the purchase pric...
Wednesday, 10. January 2018
Echo Investment sells Nobilis office building to Catalyst Capital for €44m

Echo Investment sells Nobilis office building to Catalyst Capital for €44m

Catalyst Capital has bought Nobilis Business House for €44m. The building, located on Marii Sklodowskiej-Curie street in Wroclaw, was completed in late 2016. The building has been acquired by Catalyst Capital’s Catalyst Core Plus European Property Fund a new €1bn “evergreen” real estate fund. It has 16.900 sqm of GLA out of w...
Wednesday, 10. January 2018
Hines acquires core-plus asset in Stuttgart on behalf of Hines European Value Fund

Hines acquires core-plus asset in Stuttgart on behalf of Hines European Value Fund

Hines has completed the acquisition of „Stuttgarter Tor“, a complex consisting of three 100 percent leased office buildings and a fourth vacant obsolete building in Stuttgart, from a private seller. Hines' Stuttgart office advised HEVF on the acquisition of „Stuttgarter Tor“, which was notably the first acquisition for Hines'...
Wednesday, 10. January 2018

Office projects fill up quickly as occupier demand remains robust

The year 2017 was a very good one for all sectors of the real estate market. The large number of office projects delivered across Poland filled up quickly as occupier demand remained robust. Traditional drivers of demand were joined by emerging trends that are shaping the future of the office market and commercial real estate...
Wednesday, 10. January 2018

ASG Fund acquires fund platform Fairvesta

A fund managed by ActivumSG Capital Management Ltd. (ASG) has acquired Fairvesta Group, a fund platform for retail investors with approximately €800 million of managed assets. The parties have agreed not to disclose the purchase price.
Wednesday, 10. January 2018