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Germany

VGP celebrates ground-breaking ceremony at Leipzig Airport

VGP is continuing to develop VGP Park Leipzig Airport on an area of around 450,000 m². The ground-breaking ceremony took place on Tuesday morning with Jan Van Geet, CEO of VGP, as well as Darius Scheible and Daniel Sigmann, Managing Directors of VGP Germany, together with Hartmut Handschak, District Administrator of the Count...
Wednesday, 12. June 2024

Pimco takes delivery of Edge HafenCity

Pimco Prime Real Estate has taken delivery of the prime Edge HafenCity development in Hamburg from real estate developer Edge. Designed by Henn Architects, the building offers c. 22,500 sqm of highly efficient, flexible and modern office space. With a strong focus on sustainability and tenant wellbeing, the building has alrea...
Tuesday, 11. June 2024

Patrizia loses head of sustainability Mathieu Elshout

The investment manager loses its head of sustainability and impact investing. After three and a half years, Mathieu Elshout is leaving to join Australian superannuation fund provider Aware Super. Patrizia is reorganising its ESG team to fill the gap.
Tuesday, 11. June 2024

CLS offloads two non-core assets for £11m

CLS makes progress with its sales programme. The company has sold two further properties for a total of £10.7 million, at an average discount of 5.0% below 31 December 2023 valuations. The multi-tenant properties are located in Dortmund (Germany) and Birmingham (UK).
Monday, 10. June 2024

Union Investment rejuvenates UII GermanM portfolio

Union Investment has sold the commercial and office building on Otto-Brenner-Strasse in the capital of Lower Saxony as part of the rejuvenation of the UII GermanM portfolio. According to the fund manager, the sale price was slightly above the valuation. The new owner, a Hanover-based property company, plans to reposition the ...
Monday, 10. June 2024

VGP Park Rüsselsheim: Stellantis announces start of construction for 'grEEn-campus

Opel CEO Florian Huettl, together with German Chancellor Olaf Scholz (SPD), announced the planned ground-breaking ceremony for the so-called CO2-neutral „Green Campus“ in Rüsselsheim, the future joint headquarters of Stellantis Germany and Opel, at the „125 Years of Automotive Engineering at Opel“ ceremony.
Monday, 10. June 2024

Kassel: Aroundtown completes infill development on industrial estate

Aroundtown has successfully completed its third new building at Henschelplatz in the Kassel Mittelfeld business park, completing the infill development that began in 2022. DGNB Gold certification of the fully let building and the installation of a photovoltaic system are planned for the coming months.
Monday, 10. June 2024

Feldberg takes control of Osram-Höfe business campus

Feldberg Capital has moved into the life sciences and knowledge sector by taking over the investment and asset management of the iconic Osram-Höfe business campus in Berlin. The company plans to transform the 65,000 m² asset into a modern life sciences ecosystem underpinned by its tried and tested approach to delivering best-...
Thursday, 6. June 2024

BlueRock acquires residential property portfolio in Berlin

BlueRock Group AG has acquired a portfolio, comprising four residential and commercial properties in Berlin. The acquisition was carried out on the instructions of a family office wishing to expand its holdings in the German capital. The vendor was a private investor.
Wednesday, 5. June 2024

Demire reaches agreement with group of bondholders

Demire Deutsche Mittelstand Real Estate AG entered into an agreement with a group of bondholders of its unsecured corporate bond with a maturity date of 15 October 2024 and a nominal amount currently outstanding of €499 million, which has the particular purpose of enabling the extension and restructuring of the Bond on adjust...
Wednesday, 5. June 2024

Hausinvest increases lease volume in Q1 2024

The Commerz Real open-ended real estate fund Hausinvest concluded new leases or lease extensions for 73,351 square metres in the first quarter of 2024, about 23,570 square metres more than in the same period of the previous year (approx. 49,784 square metres). In this respect the lion's share of this volume was accounted for ...
Tuesday, 4. June 2024

Deutsche Hypo and ING finance logistics portfolio for Goodman

Deutsche Hypo – Nord/LB Real Estate Finance and ING provide financing for a German-Dutch logistics portfolio for the Goodman European Partnership (GEP) managed by the Goodman Group in a club deal. The financing volume of €200 million is split evenly between the two lenders with ING taking on the role as Agent and Sustainabili...
Tuesday, 4. June 2024

Kajima at the start on Panattoni's Mercedes Benz ICC

Kajima's ELAD logistics platform provides logistics hub for Mercedes-Benz AG in Bischweier. This was announced by the asset manager. The 130,000 m² logistics centre is being developed by Panattoni. The developer broke ground on the multi-million euro project at the end of April . The ICC is Kajima's fourth ELAD logistics proj...
Monday, 3. June 2024

Arrow Global acquires bankrupt Interboden

The German developer Interboden has a new owner. After the previously family-owned project developer had to file for insolvency in early February, the M&A process that had been initiated was successfully completed within a few weeks. The new owner is Arrow Global Germany GmbH.
Monday, 3. June 2024

Vonovia SE: 31% of shareholders choose scrip dividend

The eighth year in succession shareholders of Vonovia SE had the choice between scrip dividend and cash dividend. Dividends were distributed within the subscription period in the form of new company shares for 30.93% of dividend-bearing shares, thus leaving around €227 million within the company. 8,207,927 new shares will be ...
Friday, 31. May 2024

Aroundtown confirms guidance

Aroundtown announces results for the first three months of 2024. Net rental income amounted to €293 million, only slightly lower year-over-year since like-for-like net rental income growth of 2.8% mostly offset the net disposal impact.
Friday, 31. May 2024