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CA Immo has extended two lease agreements for a total of around 7,400 m² of office space in the Belmundo and LaVista office buildings in Duesseldorf. The tenants are Indeed Deutschland GmbH, a company in the personnel services sector, and the Dutch leasing and financing firm De Lage Landen Leasing GmbH. The buildings are almo...
Bowery is further expanding its German portfolio with its first acquisition in Lower Saxony: The 10,000 sqm warehouse is located in a prime location in Osnabrück, at only 3km from the city's central station and with direct access to the A33 highway.
Blackbrook is expanding its portfolio in Germany through the speculative development of two new logistics facilities in Kerpen, with joint venture partner Trammell Crow Company acting as development manager.
Panattoni has launched the construction of Panattoni Park Ruda Śląska IV. The new project will comprise 30,000 sqm and at the start a major tenant has already been found with Midocean to lease 20,000 sqm of storage space including an extension option for a further 10,000 sqm.
As part of their second joint venture, the Reiss & Co. Group and PEG - Projektentwicklungsgesellschaft Hamburg mbH, have concluded a long-term lease to Premier Inn. The property is a new development at 21-25 Adenauerallee, with a total area of around 10,000 square metres.
Neinver recorded a strong operating performance in 2023, with total brand sales reaching €1.48 billion across its entire portfolio, an 11% y-o-y increase and record-breaking monthly growth. The centres operated by the company across six European countries welcomed a total of nearly 68 million visitors over the course of the y...
IC Immobilien Gruppe was awarded a further property management mandate at the beginning of the year, and for the first time ever it is now working together with KanAm Grund. The property in question is „Ludwig“ with a total of approx. 31,000 square metres of commercial space in the heart of Munich.
Panattoni has finished the construction of a logistics centre for Hermes Fulfilment. This is the first project that has been built for the company in Poland and is also the largest centre of its type in the Hermes Group portfolio.
Aareal Bank CEO Jochen Klösges will leave the real estate lender. The Supervisory Board and Klösges have „mutually agreed“ that the Group should „enter the next phase of its development under new leadership“ following the completion of the full takeover by Atlantic BidCo, the company said in a statement today. His successor w...
Montano Real Estate has acquired another office and retail building for a German professional pension fund. The asset was acquired from Ofi Invest Real Estate, on behalf of a client.
Sirius Real Estate has completed on four previously announced notarised acquisitions in Germany and the U.K., totalling over €100 million in aggregate.
Frasers Logistics & Commercial Trust (FLCT) has agreed to acquire an 89.9% stake in the equity interests in the property-owning companies which hold four logistics properties located in Germany. The agreed property purchase price for the new properties is EUR129.5 million ($188.9 million) representing a discount of 5.3% and 1...
On March 28, GIEAG Immobilien AG stopped listing its shares on the electronic trading platform Xetra and on the Frankfurt Stock Exchange. However, the share is still listed in the m:access selection segment of the Munich Stock Exchange.
EPH European Property Holdings to announce that the company expects a loss between €155 – 165 million for the year 2023, compared to a profit of €7 million for the same period a year earlier. A significant part of this loss is attributed to non-cash accounting adjustments.
InCity Immobilien AG did not achieve the earnings forecast adjusted in December 2023: According to the preliminary, unaudited figures, the project developer is recording a consolidated annual loss of around €6.0 million. A loss of €5.0 - 5.5 million was forecast.
Around 5% of employees in Germany worked from home before the pandemic, a number that has now increased to roughly 25%. Hybrid working models have become the norm now that the pandemic is over, and companies have reduced the amount of time their employees can work from home.
Panattoni is developing another BTS project for K-Flex. A seventh building of 20,000 sqm in the warehousing and manufacturing complex in Uniejów will be completed in June this year.