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Garbe Industrial Real Estate GmbH has let around a third of the logistics property in Kabelsketal before construction has even begun. A wellknown e-commerce company will move into two units with a total area of approx. 23,500 square metres. The new building is scheduled for completion at the end of 2024.
The Branicks Group has sold two logistics properties in Neufahrn to a foreign investor for almost €80 million. The deal will enable the company to further strengthen its consolidated balance sheet and, with a notarized sales volume of €225 million, will bring it closer to its forecast annual target of a sales volume of around...
Swiss Life Asset Managers is expanding its development portfolio with the acquisition of a 36,000 square metre site in Laichingen. A modern logistics property with a rental area of more than 21,000 square metres will be built there.
Branicks Group AG sells the former Kaufhof property in Leverkusen. The new owner is Stadtteilentwicklungs- und Projektgesellschaft Leverkusen mbH, which is said to have paid around €12 million for the retail property. With the purchase, the city wants to push ahead with the conversion to make the city center more attractive a...
In view of its positive operating results in the first nine months of the year, TAG Immobilien has confirmed all forecasts for 2023. FFO of EUR 170m to 174m is expected for this year. However, in order to further strengthen its capital base and secure the financing of new high-yield projects in Poland, the company intends to ...
The environment is challenging: Although Patrizia was able to achieve the lower end of its forecast - which was downgraded in the summer - in the first nine months of the year with EBITDA of €50.2 million, the outlook for the fourth quarter is extremely bleak. As a result, the company is once again putting its cost items to t...
The restructuring at Colliers Germany continues: surprisingly, the company announced today that Achim Degen, currently Managing Director in Munich, will replace Matthias Leube as Managing Director and Chief Executive Officer (CEO) with immediate effect. Leube has left the company „by mutual agreement“.
DWS today announced it has started to roll-out a digital leasing management solution for 39 million square feet across more than 150 properties in its pan-European commercial asset portfolio. The company is the first global asset manager headquartered in Germany to roll out VTS across its commercial pan-European real estate i...
CTP has signed an agreement to lease 28,000 sqm at CTPark Weiden to Sirl Interaktive Logistik GmbH, which will be used for Heineken's new distribution centre in Germany.
Sirius Real Estate has notarised the disposal of an industrial park in Maintal, in Germany's southwest Hesse region, for €40.1 million, representing a net initial yield („NIY“) of 5.7%. Furthermore, the FTSE 250 company completed the acquisition of a £33.5m portfolio comprising three assets in north London.
CBRE is introducing the new asset class of “Modern Living”. The term encompasses Student Living, Serviced Apartments, Co-Living, Micro Living and Service Living for Senior Citizens.
Deutsche Pfandbriefbank shocks the industry. In an ad hoc announcement, the real estate mortgage lender announces that it is significantly increasing its risk provisions and adjusting its forecast accordingly. The main reason is problems on the US market.
Hamborner Reit AG is reporting the early renewal of leases with its long-term tenant, the DIY retailer OBI, at the locations Hilden, Leipzig and Aachen by five and ten years until 2034 and 2037 respectively. The total lease area of the properties acquired in 2010, 2011 and 2012 amounts to around 33,400 m².
In a challenging environment for the real estate industry, Deutsche Wohnen SE delivered a stable operating performance in the first nine months of 2023.
The Branicks Group was able to sign lease extensions and new leases for 36,700 m² of office and logistics space in its managed fund portfolio. This was announced by the asset manager today.
Panattoni has secured a brownfield site near Bad Hersfeld. The site in the immediate vicinity of the A4 motorway is currently still being used by a plastics manufacturing company, which will close its plant at the end of the year, paving the way for the redevelopment of the site.
Union Investment is combining its Asset Management Overseas and Asset Management Hospitality units, which operate in global markets. Since 1 November, the newly created Asset Management Intercontinental unit has covered the office, hotel, logistics and retail use types on a total of four continents.