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» Chronological View: " Germany " «

The journey continues: Investment turnover of €58.2bn

In 2017 around €58.2 bn was invested nationwide in commercial property. Due to a very strong final quarter, the previous year's very good turnover was improved once again by 11 %. This is revealed in the Investment Market Report 2018, which BNP Paribas Real Estate will publish at the beginning of February. The most important ...
Friday, 12. January 2018

German construction volume forecast: End of the new housing sector boom

The construction sector cycle will continue its upward course in the next two years according to the forecast of the German Institute for Economic Research (DIW Berlin), which makes its annual prognosis of construction volume on behalf of the Federal Ministry for the Environment (Bundesbauministerium, BMUB) and the Federal In...
Friday, 12. January 2018
Christoph Geissler becomes new CFO and CIO of CapitalBay

Christoph Geissler becomes new CFO and CIO of CapitalBay

Capital Bay GmbH has named Christoph Geissler as its Chief Financial Officer with effect from 1 January 2018. He will additionally assume the function of Chief Investment Officer. Geissler, who brings a legal background, previously served as Head of Real Estate Investment & Funds at WealthCap Kapitalverwaltungsgesellschaft mb...
Friday, 12. January 2018
Invesco RE acquires three European core office assets for €140 million

Invesco RE acquires three European core office assets for €140 million

Invesco Real Estate has acquired three Class-A office properties in Milan, Prague and Munich. The acquisitions with a total investment volume of €140 million were made on behalf of one of the firm’s long-standing German separate account clients, a south German pension fund. „All three assets are fitting perfectly into the agr...
Friday, 12. January 2018
Munich: Conren makes two deals at the start of the year

Munich: Conren makes two deals at the start of the year

Conren Land starts the year dynamically. The investor has sold an office property in Baierbrunner Strasse in Munich to a fund managed by Patrizia. At the same time, the investment company acquired an office property in the Thomas-Dehler-Strasse 18 through an asset deal.
Thursday, 11. January 2018
CA Immo: Property sales in 2017 generated proceeds of € 370 m

CA Immo: Property sales in 2017 generated proceeds of € 370 m

CA Immo successfully signed property sales with a total volume of approx. €370 m. Around 90% of sales proceeds were accounted for by contracts signed in the fourth quarter of 2017 – among them the sale of the Frankfurt Tower 185, CA Immo's largest single transaction of the year . Sales prices achieved in 2017 on average were ...
Thursday, 11. January 2018

Corestate acquires micro-apartments worth €670m for Bayerische Versorgungskammer

Corestate Capital Holding S.A. has acquired five project developments comprising a total of over 1,700 newly built micro-apartments. The five properties were acquired by way of a forward deal for the real estate umbrella fund set up for Bayerische Versorgungskammer (BVK) on the Luxembourg-based AIF platform of Universal-Inves...
Thursday, 11. January 2018

Blackstone acquires logistics portfolio from Goodman

The Blackstone Group, on behalf of Blackstone Property Partners Europe Lower Fund 2, has agreed to acquire a third portfolio of Australian industrial and logistics properties from Goodman. The portfolio comprises 24 centres in Poland, Germany and France.
Thursday, 11. January 2018

Transaction volumes reach 10-year high with strong outlook for 2018

According to Colliers International Deutschland, the German commercial investment market ended 2017 with a transaction volume of €57.3 billion, a 10-year record high. 2017 is the third consecutive year to post a total-year result of over €50 billion also beating out 2015’s recent high of €55.4 billion. The only hurdle missed ...
Wednesday, 10. January 2018
Blackstone and Quincap acquire Haus am Bundesrat in Berlin

Blackstone and Quincap acquire Haus am Bundesrat in Berlin

In July, Blackstone had set an exclamation mark with the purchase of the Axel Springer passage in the German capital. Now, the investor - together with Quincap Investment Partners - has acquired the Haus am Bundesrat (Leipziger Strasse 127-128) from the Carlton Group. The parties have agreed not to dicslosed the purchase pric...
Wednesday, 10. January 2018
Hines acquires core-plus asset in Stuttgart on behalf of Hines European Value Fund

Hines acquires core-plus asset in Stuttgart on behalf of Hines European Value Fund

Hines has completed the acquisition of „Stuttgarter Tor“, a complex consisting of three 100 percent leased office buildings and a fourth vacant obsolete building in Stuttgart, from a private seller. Hines' Stuttgart office advised HEVF on the acquisition of „Stuttgarter Tor“, which was notably the first acquisition for Hines'...
Wednesday, 10. January 2018

ASG Fund acquires fund platform Fairvesta

A fund managed by ActivumSG Capital Management Ltd. (ASG) has acquired Fairvesta Group, a fund platform for retail investors with approximately €800 million of managed assets. The parties have agreed not to disclose the purchase price.
Wednesday, 10. January 2018
Union Investment agrees extended lease at Bad Hersfeld logistics location

Union Investment agrees extended lease at Bad Hersfeld logistics location

Union Investment has extended the lease with Amazon for the 103,000 sq m Bad Hersfeld logistics facility by ten years, ahead of expiry. The logistics property has been part of the portfolio of institutional open-ended real estate fund UniInstitutional European Real Estate since 2009. In conjunction with the lease extension, t...
Tuesday, 9. January 2018

GIEAG signs agreement of 55,000 sqm with logistics group LGI in Erfurf

GIEAG Immobilien AG (GIEAG) has signed a long-term lease agreement for 55,500 square meters with with LGI Logistics Group International GmbH (LGI) in Erfurt. LGI Group has global operations and is taking over part of the European sales for Panasonic products as well as the existing distribution from the previous Panasonic log...
Tuesday, 9. January 2018

Staycity Aparthotels plans six new property openings for 2019-2020

Following a positive trading year and 12 months of significant growth Staycity Aparthotels has announced a further six new property openings for 2019-2020. Finance director Colm Whooley said that Staycity expects 2017 turnover to have grown by 25%, with strong profit margins remaining in line with that of previous years.
Tuesday, 9. January 2018

Sirius Real Estate completes acquisition of Krefeld Business Park

Sirius Real Estate has completed the acquisition of the „Europark Fichtenhain A 13 a-c“ in Krefeld for €9.2 million (including acquisition costs). Located in Krefeld, near Dusseldorf, the business park has been acquired at a 6.7% EPRA net initial yield. This is the third site that Sirius has acquired in Krefeld. This business...
Tuesday, 9. January 2018