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E-commerce company moves in with Garbe in Kabelsketal

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.
Monday, 20. November 2023

Branicks secures further liquidity

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...
Friday, 17. November 2023

Swiss Life AM buys 36,000 sqm development site near Stuttgart

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.
Friday, 17. November 2023

City of Leverkusen buys former Kaufhof site from Branicks

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...
Wednesday, 15. November 2023

TAG Immobilien suspends dividend again

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 ...
Tuesday, 14. November 2023

Wöhrmann wants to make Patrizia „weatherproof“

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...
Tuesday, 14. November 2023

Achim Degen replaces Matthias Leube as CEO at Colliers Germany

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“.
Monday, 13. November 2023

DWS rolls out VTS as first German headquartered asset manager

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...
Thursday, 9. November 2023

Sirius sells industrial park in Maintal for €40.1m

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.
Wednesday, 8. November 2023

Profit warning: PBB cuts forecast

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.
Wednesday, 8. November 2023

Hamborner REIT extends leases with OBI in three locations

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.
Tuesday, 7. November 2023

Deutsche Wohnen on a solid course

In a challenging environment for the real estate industry, Deutsche Wohnen SE delivered a stable operating performance in the first nine months of 2023.
Tuesday, 7. November 2023

Panattoni buys brownfield near Bad Hersfeld

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.
Friday, 3. November 2023

Union Investment: Martin Schaller to head global asset management

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.
Friday, 3. November 2023