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» Chronological View: " Germany " «

Vonovia: Successful takeover offer for Buwog

The voluntary public takeover offer by Vonovia SE to all shareholders of Buwog AG has ended successfully. The extended acceptance period lapsed on 18 June 2018, 17:00 hours (CEST), in the course of which additional shares were tendered into the takeover offer. Furthermore, Vonovia has acquired Buwog shares on the market and b...
Thursday, 21. June 2018

Commerz Real sees Eurotheum in Frankfurt fully leased out

Commerz Real has leased out the final 800 square metres in the Eurotheum office ensemble in Frankfurt am Main to Imaxx Real Estate Group and to the investment manager Capital Group. Thus the former seat of the European Central Bank (ECB) is once again fully occupied. Following the departure of the ECB in 2015 the office tower...
Wednesday, 20. June 2018

Alstria office secures new tenant for its development asset „Momentum“ in Düsseldorf

Alstria office REIT-AG has announced the signature of another new lease in its development asset „Momentum“ in Düsseldorf. With the signature of another sizable new leasing contract the company can report on further progress in its development project „Momentum“ (Am Wehrhahn 33, Oststrasse 10, Düsseldorf). The new tenant will...
Wednesday, 20. June 2018

Strong growth in property funds managers in 2017

The average assets under management (AUM) of property fund providers increased significantly in 2017, rising from €13.6 billion in 2016 to €16.7 billion at the end of 2017. This corresponds to an increase of around 22 percent. According to the “ANREV / INREV / NCREIF Fund Manager Survey 2018” published by INREV at the end of ...
Wednesday, 20. June 2018

Vonovia hits major hurdle at Victoria Park takeover

The public takeover offer from Vonovia SE to the shareholders of Swedish residential property company Victoria Park AB has been successful. As communicated in a formal announcement earlier today, Vonovia exceeded the minimum acceptance threshold set as condition for closing of the take-over bid for Victoria Park of more than ...
Wednesday, 20. June 2018

Germany’s „Unternehmensimmobilien“ overcome their exotic status even abroad

On the US and UK real estate markets, light industrial properties are nothing exotic but have been established for a long time and remain a popular investment objective then as now. The German “Unternehmensimmobilien” category of multi-use and multi-let commercial real estate has caught up lately, and the massive portfolio ac...
Tuesday, 19. June 2018

GIEAG’s General Meeting resolves a dividend of €0.36 per share

Yesterday the general meeting of GIEAG Immobilien AG approved all of the points on the agenda with majorities of more than 99.5% of votes cast. The items approved include payment of a dividend of €0.36 for fiscal year 2017. Philipp Pferschy, GIEAG’s CEO explained the company’s strategy of developing residential and commercia...
Tuesday, 19. June 2018

FAP launches Germany-focused Real Estate Debt Funds

With “FAP Balanced Real Estate Financing I” this week a new real estate debt fund is being launched for mezzanine loan financing of portfolio properties, revitalisation projects and project developments in Germany, as well as selectively in the Netherlands and Austria.
Tuesday, 19. June 2018

Patrizia acquires portfolio of premium care homes and apartments

Patrizia Immobilien has acquired a portfolio of two newly built care homes including serviced residential units in the German state of Lower Saxony for its ‘Patrizia Pflege-Invest Deutschland I’ fund. The properties, located in Cloppenburg and Wildeshausen, offer a total of 287 full-care home places and 35 day care places as ...
Tuesday, 19. June 2018

Corestate invests €2.4bn in micro-living assets

Corestate Capital Holding S.A. plans to invest a total of €2.4bn in its micro-living segment until the end of 2019. Corestate already acquired 26 plots for development and properties with more than 7,600 apartments for students, commuters, project employees, entrepreneurs and young professionals. The current investment volume...
Monday, 18. June 2018

German non-listed real estate posts ten-year record-high

Non-listed real estate performance has posted a ten-year record-high, with total returns of 4.29% over 2017, up from 2.68% the previous year, according to INREV’s German Vehicles Annual Index 2018. The results were largely due to a very strong performance in the first half of the year, driven especially by income returns of 4...
Monday, 18. June 2018

Real I.S. acquires Benger-Haus at Stuttgart’s central market square

Real I.S. has acquired Benger-Haus, a fully-let office and commercial property at Marktplatz 12 in central Stuttgart. The acquisition was concluded on behalf of an institutional investor. The property has been in the family ownership of the sellers for many generations. The parties have agreed not to disclose the purchase pri...
Friday, 15. June 2018

Cofinimmo invests in 17 German healthcare homes

Just after buying a nursing home in Langelsheim in April , Cofinimmo has now made a big deal in Germany. The Belgian REIT aquired 17 further nursing and care homes, offering about 1,500 beds in total. The seller is a joint venture of Revcap. The value of the portfolio is estimated at €172 million and the initial gross rental ...
Friday, 15. June 2018

BICC Business Center in Frankfurt sold to Apollo

Funds managed by affiliates of alternative investment management firm Apollo Global Management have acquired the BICC Business Center in Frankfurt. The high-rise building at Hanauer Landstrasse 328-330 currently has an occupancy rate of around 70%. Its main tenants include Engie Deutschland and Ista. The existing leases were ...
Friday, 15. June 2018

Jens Böhnlein new Global Head of Office at Commerz Real

Jens Böhnlein (39) has assumed the management of the Office and Industrial division at Commerz Real. He is thus responsible for the asset management of the real estate portfolio of Commerz Real, which has a value of around seven billion euros. Before joining Commerz Real, the graduate architect was Global Head Office Solution...
Friday, 15. June 2018

IC Immobilien concludes early lease extension with Toom in Münster

IC Immobilien Gruppe has concluded an early lease extension with Toom Baumarkt GmbH for the retail property at Hammer Strasse 455-459 in Münster. Toom, which has been the single tenant at this location since 1999, will thus remain at the property, which is managed by IC Immobilien Gruppe, until the beginning of 2029.
Friday, 15. June 2018

Demire's major shareholders convert 2013/2018 convertible bond into shares

Funds managed by LLC and the Wecken Group convert convertible bonds with a total volume of €10.27 million prior to their maturity at the end of December 2018 into Demire shares. As a result, the share capital of Demire will increase in June from the current level of around €62.8 million to around €73.1 million.
Wednesday, 13. June 2018