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» Chronological View: " Germany " «

Instone RE celebrates topping out ceremony of its Heeresbäckerei project in Leipzig

Instone Real Estate has celebrated the topping-out of its Heeresbäckerei project in Leipzig. A total of 347 condominiums are planned for the roughly 36,500-square-metre historical site in the Gohlis district, of which 245 will be apartments in an old, refurbished building, and 102 will be new-build apartments. The residential...
Monday, 20. August 2018

DEMIRE increases net profits more than tenfold in Q2 2018

DEMIRE Deutsche Mittelstand Real Estate AG continued its positive performance in the second quarter of 2018, increasing its net profits more than tenfold. The group’s real estate portfolio consisted of 87 commercial properties as of the 30 June 2018 reporting date (31 December 2017: 86 properties) with a total lettable floor ...
Monday, 20. August 2018

European industrial and logistics investment remained strong in H1 2018

European industrial and logistics investment remained strong during the last 12 months, according to CBRE's EMEA Industrial & Logistics – Capital Markets Snapshot. Investment volumes reached €31.3bn, down 21% from the 12 months to June 2017, but up 14% after discounting the hugely significant €12.25bn Logicor deal which took ...
Monday, 20. August 2018

ADO Properties continues to expand in the first half year 2018

ADO Properties S.A. continues to expand in the first half year 2018, while also recording significant growth of its value in the same period. The company's income from rental activities rose in the first six months 2018 by 26.4% to €64.9 million (H1 2017: €51.4 million), driven by a solid 5.1% like-for-like rental growth and ...
Monday, 20. August 2018

Leipzig/Halle airport acquires Terminal B from Commerz Real for €32.4m

Flughafen Leipzig/Halle GmbH has acquired Terminal B of the airport it operates from Commerz Real’s closed-end real estate fund 72 (CFB 72) for approximately €32.4 million. The company had leased the building complex, with more than 25,000 m² of usable floor area, since 1996, and has now exercised its contractual right to pur...
Friday, 17. August 2018

Deutsche Wohnen acquires 30 nursing facilities for €680m

Deutsche Wohnen has signed agreements to acquire 30 nursing properties with around 4,700 care placesm for €680m. Nearly 90% of the acquired properties are located in metropolitan areas. 13 facilities are located in Hamburg and was acquired from US-investor Oaktree. To manage the Hamburg facilities, the company initially took ...
Friday, 17. August 2018

Warburg-HIH acquires Hanse Forum from Standard Life for €100m

Warburg-HIH Invest Real Estate acquired the Hanse Forum office property in Hamburg. The seller is Standard Life Investments European Real Estate Club L.P II (Euro Club II). An equity interest of nearly 50 percent in the property was added to the “Warburg-HIH Top 7 Deutsche Metropolen Immobilien Invest” special AIF. The other ...
Thursday, 16. August 2018

Pbb finances conversion of former Commerzbank HQ in Frankfurt

Pbb Deutsche Pfandbriefbank has extended a loan to GEG German Estate Group AG for the purchase and subsequent refurbishment – to new-building specifications – of the „Global Tower“ building in Frankfurt #link(44451)#.
Thursday, 16. August 2018

Capital Bay enters growing micro-living market

Capital Bay (CapitalBay) is expanding its business activities to include the “micro-living” sector. For this purpose, CapitalBay is establishing its own platform for micro living as of 1 September 2018 under the name CB Micro Living GmbH. In order to get off to the best possible start, CapitalBay has acquired the expertise of...
Thursday, 16. August 2018

VIB Vermögen further increases profitability in the first half of 2018

VIB Vermögen AG has closed the first half of 2018 with significant increases in revenue and earnings. This trend was driven by the letting of new properties arising from development projects, as well as the ongoing decline in interest expenses on existing borrowings. As a result, FFO (an indicator used in the property sector)...
Thursday, 16. August 2018

Engine chooses Duesseldorf to conquer the German market

As part of its growth strategy, the British agency group Engine is opening its first German office in Duesseldorf. Amongst others the company looks after energy company E.ON, but is also aiming to expand its client base in Germany. Engine is supported and advised in all real estate matters of its national expansion by interna...
Thursday, 16. August 2018

Real I.S. launches special fund for a homogeneous group of institutional investors

Real I.S. has launched another fund, specially tailored to its customer requirements. The fund will invest in the respective regions of the participating investors. This will allow the fund to optimally exploit the investors’ regional expertise. The fund volume totals approximately € 400 million. The aim is to create a portfo...
Thursday, 16. August 2018

TAG Immobilien increases its FFO and dividend

TAG Immobilien AG (TAG) achieved an FFO of € 36.1 million in the second quarter of 2018, after € 35.1 million in the previous quarter and € 30.9 million in the same period of the previous year. FFO for the full first half of 2018 was € 71.2 million or € 0.49 per share, a significant 20% increase compared to the same period la...
Thursday, 16. August 2018

Hamborner REIT reports strong first half

Hamborner REIT AG has enjoyed a successful first half of 2018 and today publishes its half-year financial report. Income from rents and leases amounted to €41.3 million in the first half of the year and was therefore up by 15.4% year-on-year. The rental income from properties that were in Hamborner's portfolio in both the fir...
Thursday, 16. August 2018

Deutsche Konsum REIT acquires two retail assets for €12 million

Deutsche Konsum REIT-AG has acquired two more properties. The first property is a „Toom“-DIY store in Frankfurt/Oder (Brandenburg) with a total rental space of around 12,000 m² and a WALT of more than seven years left. Furthermore, a combined furnishing retail and multiplex cinema centre has been acquired in Schwedt (Brandenb...
Thursday, 16. August 2018

Fraport receives building permit for Pier G

Fraport AG, the owner and operator of Frankfurt Airport (FRA), has received the required permit for the construction of Pier G from the building inspectorate of the city of Frankfurt. Pier G was originally envisaged to be built after completion of the first construction phase of FRA’s new Terminal 3. By building the new pier ...
Thursday, 16. August 2018