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Germany

Panattoni plans logistics development at historic Cologne site

Panattoni is working up plans for a speculative €100 million logistics development in Cologne on an historic industrial site between the airport and city centre. The development, which will be called Panattoni Campus Köln Ost, is located in the Westhoven district of Cologne with a direct connection to the A4 and near the A3, ...
Friday, 1. March 2024

CBRE IM appoints Sebastian Ehrhardt Country Manager Germany

CBRE Investment Management has appointed Sebastian Ehrhardt as the Country Manager for Germany, assuming the Country Manager role from Marius Schöner who held the dual position of Country Manager and Head of the EMEA Residential Operator Division.
Friday, 1. March 2024

Silverton partners with Pöttinger for 'broken' developments

The Silverton Group is now collaborating with the Pöttinger Immobiliengruppe, a Munich-based company with four main activities across Germany: construction, property development, development project management and property management.
Friday, 1. March 2024

Sirius agrees third German business park acquisition this year

Sirius Real Estate has notarised the acquisition of a business park in Klipphausen, near Dresden, together with an adjacent land parcel for an acquisition price of €13.75 million (£11.73 million). The acquisition has been made using the proceeds of November 2023‘s €165 million (£147 million) capital raise. It represents the t...
Friday, 1. March 2024

Patrizia proposes sixth consecutive increase in dividends

Patrizia has published preliminary, unaudited financial results for FY 2023. The Company successfully diversified its investment platform and delivered further organic growth in assets under management (AUM) through strategic investments. Recurring management fees continued to grow in line with strategy, while transaction fee...
Thursday, 29. February 2024

Aareal's active risk management pays off in 2023

Following the 2023 financial year, which featured strong income growth, investments and an active risk management, Aareal Bank Group anticipates a significant increase in earnings for the current year. Consolidated operating profit is projected to rise to between €300 million and €350 million in 2024, even though the Bank ant...
Thursday, 29. February 2024

QSix appoints Christian Daumann as CEO Germany

QSix has appointed Christian Daumann as Chief Executive Officer of its German operations with effect from 1 March 2024. Christian will succeed Jörg Schwagenscheidt, who has been CEO since 2015. Joerg will remain a partner of the group, focussing on QSix Germany's strategic initiatives and leveraging his extensive experience, ...
Thursday, 29. February 2024

Commerz Real acquires ensemble in Munich

In the framework of an individual mandate Commerz Real has acquired an ensemble comprising office and commercial buildings at Maximilianstrasse 12-14 and Falkenturmstrasse 5-7 in Munich's historic centre for a private investor. The seller is a subsidiary of the project developer Centrum. It was agreed that confidentiality be ...
Thursday, 29. February 2024

HIH Invest increases AuM beyond €22 bn in 2023

HIH Invest Real Estate has continued its growth trajectory even in the currently challenging market environment. The investment manager’s assets under management (AuM) increased by c. 3.4 billion euros to c. 22.3 billion euros, and the number of its institutional accounts from 261 to 278. The real estate fund business grew by...
Wednesday, 28. February 2024

Greystar buys 758-home scheme in Berlin from Bauwens

Greystar Real Estate Partners has agreed to forward purchase the Greenpark residential project in Berlin-Neukölln for its develop to core venture in Germany and Austria. Greenpark comprises 758 studios, one and two-bedroom apartments with 1,452 sqm (15,629 sq ft) of indoor amenity space that will house a fitness suite, yoga s...
Tuesday, 27. February 2024

Aroundtown wins Appelrath-Cüpper as tenant for 3,300 sqm in Dortmund

Aroundtown has successfully completed a major new letting in the Westfalenforum in Dortmund's city center, located at Kampstrasse 37-39. The renowned fashion retailer Appelrath-Cüpper will occupy a total of 3,300 sqm. The fashion retailer is thus moving from the prime Westenhellweg location to Kampstrasse, thus avoiding the e...
Tuesday, 27. February 2024

Transactions take ever longer

Transactions take increasingly longer to complete. In 2023, the average transaction took 342 days, which is a new record according to the „Drooms Real Estate Transaction Barometer“.
Monday, 26. February 2024

Panattoni transfers new logistics centre in Schwäbisch Gmünd to Spedition Brucker

On a Brownfield measuring around 47,000 m² in Schwäbisch Gmünd in the District of Ostalb, Panattoni Germany realised a modern BTS logistics centre for Spedition Brucker. The building, with a total usable surface area of 25,700 m² has now been festively transfered to the freight forwarding and logistics company. The attendees ...
Monday, 26. February 2024

Hausinvest leased out an additional 25,000 square metres in 2023

Commerz Real's open-ended real estate fund Hausinvest concluded new leases or extended existing leases for an area of approx. 207,700 square metres in 2023, about 25,400 more than in the previous year (approx. 182,300 square metres). The number of lease agreements concluded increased from 623 to 755. The largest proportion of...
Monday, 26. February 2024

ppbIX posts another decline for office real estates

The pbbIX declined once again in the fourth quarter of 2023, falling to -1.96, the lowest value since the first quarter of 2009. 2023 was defined by a contracting economy, a consequent slowdown in demand for office space and plummeting investment market revenues. Despite all of this, the pause in interest rate movements gave ...
Thursday, 22. February 2024

Sonae Sierra and Bankinter launch new investment vehicle

Bankinter Investment SGEIC and Sierra have set a new milestone in their alternative investment strategies with a major real estate transaction. Both entities have launched Ores Germany, a new alternative investment vehicle aimed at investments in retail real estate in the German market.
Wednesday, 21. February 2024