Germany

Deutsche Pfandbriefbank (pbb) launches its „Real Estate Investment Management“ business line as announced. The real estate lender is launching its first real estate fund in cooperation with Universal Investment. The service KVG is responsible for the launch and administration of the planned open-ended real estate special fund...

Kyocera is leaving, Aventos is coming: On the production site at Steinzeugstraße 48-64, Aventos will realize a business park with 35,000 m² of commercial space. At the same time, the specialty ceramics manufacturer is moving its last units on the site to a new building by 2024, for which ground was broken last week.

Apleona takes over the family-run Gegenbauer Group and grows to 40,000 employees and an annual sales of €3.5 billion. The contract was signed in Berlin on March 3.

CR Investment Management (CR) will place the focus on its core business involving advisory on, and work-out of, non-performing real estate projects in 2023. In this line of work, CR makes its expertise of decades in the business available to clients in financial distress, negotiates with financiers and other project partners,...

Beos Logistics, a joint venture company of Swiss Life Asset Managers as a developer/investor of logistics real estate, will be integrated into Swiss Life Asset Managers with immediate effect. The contact persons of the clients remain unchanged.

DIC Asset AG let the last remaining logistics and office units of 5,500 sqm in the logistics property in Wolfhagen to NEWA-Vertriebs GmbH. The new lease is signed brings the logistics centre in Wolfhagen with its roughly 33,300 sqm up to full occupancy, so that the entire floor space of the portfolio owned by the “RLI Logisti...

Union Investment has acquired the Westfalen Center Dortmund. Located close to Dortmund city centre, the campus property comprises an office building that incorporates a hotel. The campus occupies a 10,062 sq m site, with around 30,415 sq m of rental space and 442 parking spaces. The vendor is Swiss investor AFIAA Investment F...

Ardian has sold the office building at Spichernstrasse 2 in the City West district of Berlin. Buyer is the „Stable Income Europe Real Estate Fund – Macquarie II (SIEREF - Macquarie 2)“, jointly advised by Macquarie Asset Management and MAPFRE. The purchase agreement was signed on December 2022.

VIB Vermögen AG has signed a new syndicated loan agreement for around €505 million.

The Realogis Group has transferred overall responsibility for its investment business to Bülent Alemdag (46) with effect from 1 February 2023.

Panattoni and Hornbach Baumarkt AG celebrated the handover of the new Freiburg Süd Panattoni Park on 24th February 2023. The Mayor of the City of Neuenburg and representatives from Hornbach, Panattoni and other parties involved in the project attended the celebration in Neuenburg am Rhein in Baden-Wuerttemberg.

Developer Quest Investment Partners has rented around 3,000 m² of its Munich property Leo 7 to Allen & Overy.

Garbe Industrial Real Estate has leased its existing property in Karlsfeld (district of Dachau) near Munich to a well-known logistics service provider. The company will use the space mainly for storing files and other documentsj.

In its latest market analysis, Realogis has analysed take-up in the top 8 German locations for logistics, warehousing and industrial properties. The annual take-up generated by market participants for rental and owner-occupied properties in Hamburg, Berlin, the Ruhr region, Düsseldorf, Cologne, Frankfurt, Stuttgart and Munich...

Potager Farm, the agricultural company that is a joint venture between the Greenman Group of companies and the fund Greenman Open, announces that it has secured €3 million funding and appointed a contractor to construct its first vertical farm in eastern Berlin. The vertical farm will be funded 25% by the Greenman Group and 7...

LIP Invest acquires a distribution centre in Minden for its real estate special AIF “LIP Real Estate Investment Fund – Logistics Germany IV”. The property is leased long-term to the seller, Hölkemeier Spedition, as part of a sale-and-lease-back transaction.

Multi Corporation has signed three new management mandates at the beginning of the year.

Limehome will expand its presence in Bremen and open 82 flats in the Balgequartier during 2025. The operator of fully digitalised design flats has agreed a 3,400 sqm lease with developer Joh. Jacobs & Co-Group.