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» Chronological View: " Germany " «

Novum Hotel Group opens its first Niu in Essen

The opening date for the first Niu lifestyle brand hotel is fixed. From 15 November 2017, globetrotters, business people, young and old can check into one of the 145 rooms at the new Niu Cobbles at the corner of Kruppstrasse and Friedrichstrasse. The Europa-Center Immobiliengruppe has developed office and commercial space on ...
Montag, 26. Juni 2017

Capital Bay makes purchase in Niederrad

Capital Bay GmbH has acquired an office property of around 14,000 m² in total in Frankfurt Niederrad. The building dating from 1985 is part of the “vibrant office city” of Niederrad. The seller is an investment manager for alternative investments. The purchase price is in the low eight figures. Legal advice was provided to ...
Montag, 26. Juni 2017

Secondary cities – higher yields and lower risk than in A cities

Selected German B, C and D locations offer higher potential yields on office investments than the seven German A cities with the same risk profile or a lower one. The locations investigated have higher net initial yields on average with lower volatility in rents and vacancy rates. While office employment is growing faster by ...
Freitag, 23. Juni 2017
Patrizia secures high-profile office portfolio

Patrizia secures high-profile office portfolio

Patrizia Immobilien AG has signed a binding contract for the acquisition of a portfolio of three modern office properties in well-established locations in attractive office markets in Hamburg, Frankfurt am Main and Dortmund with transfer of ownership anticipated to occur in Q3 2017. The portfolio comprises three high-quality ...
Freitag, 23. Juni 2017
Lars Heese appointed Managing Director Redevco Germany

Lars Heese appointed Managing Director Redevco Germany

Lars Heese MBA has been appointed Managing Director of Redevco Germany, effective 1 August 2017. He will succeed Arnd Leinemann who left the company at the end of February 2017. Heese’s career path, which started at Procon and WestInvest, has led him to Redevco for the second time already. He first joined the company as Senio...
Freitag, 23. Juni 2017
Helaba: Christian Schmid to become new board member for Real Estate

Helaba: Christian Schmid to become new board member for Real Estate

The successor of Helaba managing board member Jürgen Fenk, who will leave the Board of Managing Directors by 30th September 2017, comes from the Aareal Bank: Christian Schmid (49) will be responsible for the business units of Real Estate Lending, Debt Capital Markets and Sales Management RE, Real Estate Management, Administra...
Freitag, 23. Juni 2017

AEW launches City Office Germany fund with €118mn first close

AEW announces the launch of the City Office Germany fund with commitments of €118 million from a number of institutional investors. The fund is targeting total equity of up to €250 million, which will deliver an investment capacity of €500 million assuming a maximum loan to value of 50%. The fund strategy will focus on the ac...
Freitag, 23. Juni 2017

Grand Citiy Properties completes a €198 million share capital increase

Following an accelerated book building process on 20 June 2017, Grand City Property S.A. will increase the company's total share capital from €15,378,888.30 by €1,100,000.00 to €16,478,888.30 through the issue of 11,000,000 shares. The offer price per new share was fixed at €18. The new shares were successfully placed by way ...
Mittwoch, 21. Juni 2017

HSH Nordbank completes Q1 with group pre-tax profit of €128 million

HSH Nordbank has had a good start to the current financial year in operating terms, generating a pre-tax profit of €128 million in the first quarter of 2017 (previous-year period: €-36 million). This good result is in line with the Bank’s internal planning and is based on an intensive drive for new business, reduced legacy po...
Dienstag, 20. Juni 2017

Cofinimmo acquires additional nursing and care home

Since 16.06.2017, the Cofinimmo Group counts an additional German nursing and care home in its portfolio. It acquired the Christinenhof residence in the heart of the city of Lüneburg (Lower Saxony) for €12.6 million. This acquisition brings the fair value of its entire German portfolio to €129.5 million. The newly acquired a...
Dienstag, 20. Juni 2017

Noratis prepares to go public

Noratis AG is planning an IPO in the Scale segment of the Frankfurt Stock Exchange Open Market. The underwriter is ICF Bank AG as sole global coordinator and sole bookrunner. The public offer for 2,000,000 new shares will begin on June 21, 2017, and is expected to end on June 27, 2017. The initial listing is planned for June...
Montag, 19. Juni 2017

Adler Real Estate resolve share buyback

On Friday, the Management Board of Adler Real Estate AG resolved to execute a share buyback programme with a maximum total purchase price (excluding ancillary expenses) of up to €10 million. Based on the current share price (XETRA closing price on 15 June 2017), this corresponds to up to 664,451 shares or approximately 1.27% ...
Montag, 19. Juni 2017

Demire achieves full occupancy at Kurfürstengalerie in Kassel

Demire Deutsche Mittelstand Real Estate AG let another commercial unit of around 1,100 square metres at its Kurfürstengalerie asset in Kassel to Eurofit GmbH. The latter company, which has been renting premises in the property since August 2014, will use the extra space to expand its gym, and is expected to take over the prem...
Montag, 19. Juni 2017

BaFin agrees to the purchase of Hannover Leasing Group by Corestate

Corestate Capital Holding S.A., in December 2016, announced the acquisition of a 94.9% stake in Hannover Leasing GmbH & Co. KG including Hannover Leasing Group’s affiliates. Completion of the transaction was subject to the conclusion of owner control procedures by BaFin which has been completed now. BaFin advised that there ...
Montag, 19. Juni 2017
Frank Schäfer appointed Managing Director at Tishman Speyer

Frank Schäfer appointed Managing Director at Tishman Speyer

Tishman Speyer announced the appointment of Frank Schäfer to the position of Managing Director, effective June 1, 2017. In this role, Schäfer is responsible for the expansion of the institutional investment management business in Germany.
Freitag, 16. Juni 2017

Aedifica acquires a rest home in Halberstadt

Aedifica has acquired a senior housing site in Halberstadt. The Seniorenheim am Dom rest home benefits from an excellent location in the historic centre of Halberstadt (40,000 inhabitants, State of Saxony-Anhalt). The residential care facility is oriented toward seniors requiring on-going assistance (Pflegeheim). The rest hom...
Freitag, 16. Juni 2017