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Germany

HIH's logistics fund buys to logistics assets

A dynamic start to the year: HIH Invest has acquired a logistics property development in the Dutch town of Zwolle and a storage and manufacturing warehouse in Bremen on behalf of “HIH Deutschland+ Core Logistik Invest,” an open-ended special AIF.
Tuesday, 7. February 2023

Quadoro acquires Holiday Inn Express Offenburg

Quadoro Investment GmbH, the AIFM of the open-ended mutual fund Quadoro Sustainable Real Estate Europe Private (Sustainable Europe), has acquired the Holiday Inn Express in Offenburg on behalf of the fund.
Tuesday, 7. February 2023

Kajima grows logistics team with senior hire

Kajima has strengthened its London-based Logistics team with a new senior hire. Tamara White has been appointed as Associate Portfolio Director to help spearhead the expansion of Kajima’s European logistics platform and grow the third-party asset management business.
Tuesday, 7. February 2023

Odyssey brings IHG's „Vignette Collection“ to Germany

IHG Hotels & Resorts and the Dutch Odyssey Group are bringing Vignette Collection to Germany. The hotel operator has signed the contracts with the JV of the two project developers Aixact and Derichs and Konertz (DaixKo) for the „Alte Post“ hotel development. The „Alte Post Vignette Collection“ hotel is scheduled to open in 20...
Tuesday, 7. February 2023

CA Immo expects negative net property revaluation result

Based on independent external appraisals, CA Immobilien Anlagen AG (CA Immo) expects a negative net property revaluation result of around €274 million for the fourth quarter of 2022 due to the changed market conditions. For the 2022 financial year, the negative net property revaluation result amounts to around €94 million (ar...
Thursday, 2. February 2023

Aroundtown achieves full letting at „Platinum“ Berlin

Aroundtown has achieved long-term leasing success at Sachsendamm in Berlin-Schöneberg with two new and well-known tenants. The new tenants are the Berlin Senate Department for Education, Youth and Family (SenBJF) and a software company for medical technology. Together, the two companies take up approximately 5,000 sqm of offi...
Thursday, 2. February 2023

J.P. Morgan AM and Cromwell buy Panattoni Park Hamburg North

Panattoni Park Hamburg Nord changes hands fully leased: The logistics park in Kaltenkirchen goes to a joint venture of J.P. Morgan Asset Management and Cromwell Property Group. The seller is developer Kajima, which says it has acquired full ownership of the logistics park from Panattoni in 2021. The two companies have already...
Wednesday, 1. February 2023

Apleona gets PM mandate from reinsurer for 20 properties

Deutsche Rückversicherung and VöV Rückversicherung have commissioned Apleona Real Estate Management with the property management of 20 existing commercial and mixed-use properties throughout Germany. In the start-up phase that has just begun, the successive implementation of ESG and energy-saving measures in the managed portf...
Tuesday, 31. January 2023

Montano closes 2022 with positive result

Montano Real Estate was able to close the past financial year 2022 with a positive result thanks to an expansion of its business segments and transaction successes in all asset classes relevant to the company.
Tuesday, 31. January 2023

German office investment market in B locations robust in 2022

According to CBRE, the investment market for office real estate outside the Top 7 locations achieved a transaction volume of €4.7 billion in 2022, evidencing that around one fifth of the entire German office investment volume was allocated to B locations and regional centers.
Tuesday, 31. January 2023

Norton Rose Fulbright appoints Prof. Dr. Claus Pegatzky

Global law firm Norton Rose Fulbright has strengthened its German real estate practice with the addition of Prof. Dr. Claus Pegatzky. The public commercial law expert, who first worked for more than 15 years in the public law department at Freshfields Bruckhaus Deringer and then for eight years at Greenfort in Frankfurt, join...
Monday, 30. January 2023

Double bottleneck in property markets

There are still no signs of easing in the transaction markets, with investors either short of capital or unable to find the right property. That is also the key finding of a recent survey by Union Investment of 150 property companies and institutional real estate investors in Germany, France and the UK.
Monday, 30. January 2023

David Lloyd Leisure opens second fitness club in Berlin

Aggregate announces another tenant for its prestigious project on Berlin’s KurFürstendamm: David Lloyd Leisure, one of the leading providers of fitness and wellness clubs in Europe, will lease around 7,400 m² of space in Fürst from 2024.
Monday, 30. January 2023

Realogis brokers 43,000 m² in Greater Munich and Lahn-Dill district

Realogis has brokered a total of 43,000 m² in two separate deals. An automotive production company signed a long-term lease for 28,000 m² in Penzberg near Munich. Furthermore the consultancy has concluded a medium-term lease for around 15,000 m² in the Lahn-Dill district.
Monday, 30. January 2023

DLE increases AuM to €2.2 bn

DLE Land Development GmbH (“DLE”) maintained its growth trajectory in 2022 as in previous years. The company’s assets under management (AuM) increased to a total of c. €2.2 billion over the course of the year.
Monday, 30. January 2023

Garbe's GLIF+II fund acquires light-industrial property in Berlin

Garbe Industrial Real Estate just acquired a light-industrial property on behalf of its logistics property fund, “Garbe Logistikimmobilien Fonds Plus II” (“GLIF+II”), within the framework of a sale-and-leaseback deal. The office and light manufacturing property, built in 1984 and expanded in 1993, is located on Oranienburger ...
Monday, 30. January 2023