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CDC Investissement Immobilier secures a stake in the Covivio portfolio in the centre of Berlin. The French company is buying a 49% stake (39% from Covivio Immobilien, a 61.7% subsidiary of Covivio, and 10% from Covivio) in the portfolio on behalf of Caisse des Dépôts. Closing expected in second quarter 2024.
Building on its positive business performance in the previous year, Hamborner REIT AG recorded further growth in revenue and earnings in the first quarter of 2024.
CTP has appointed Alexander Hund as Managing Director of CTP Germany. He will head up the company's rapidly growing business in the country. CTP will invest €1 billion in Germany over the next few years. He will lead the management team together with CFO Alen Stosic, and Timo Hielscher, Managing Director for Germany responsib...
An e-scooter manufacturer is opening a long-term branch in Krefeld. On advice of Realogis the specialist for innovative means of transportation in the field of electromobility has signed a lease for 725 sqm of warehouse and office space in the „Green Business Park“ at Odilia-von-Goch-Straße 16. Due to the latest contract the ...
VGP NV and Deka Immobilien announced the signing of the second closing between VGP and their 50:50 joint venture, RED (The 'Fifth Joint Venture'). The transaction comprises two logistics buildings and a multi-storey car park which were developed in parks that have already transferred to the joint venture in the first closing....
Le Masurier sells its last asset in Germany: The British property company has sold the HENRI office and laboratory building in Erlangen to French SCPI, Transitions Europe, managed by Arkéa Real Estate Investment Management, for €12+million.
Imaxxam has acquired the newly constructed „West Side Spark“ office building in Bonn on behalf of the „Geno Rheinland Real Estate (GRRE)“ fund. The seller of the property, Swiss Life Asset Managers (SL AM Development Residential GmbH), developed the DGNB Gold-certified building on Václav-Havel-Platz.
Münchener Hypothekenbank achieved a good result in the 2023 financial year despite the tense market situation. Net profit for the year rose to € 102.1 million (2022: € 68.3 million), while net interest income increased to € 518.5 million (2022: € 442.5 million).
Cushman & Wakefield has confirmed Tina Reuter as its Head of Germany. She has held the position on an interim basis since December 2023 and succeeds Yvo Postleb who has decided to leave the business to continue his career outside Cushman & Wakefield.
The German transaction market for residential portfolios showed no signs of a turnaround at the beginning of the year. According to an analysis by NAI apollo, partner of NAI Partners Germany, the total transaction volume in the last three months amounted to € 790 million, which is the lowest result in the last 14 years. Compa...
The new building in Garching - on the outskirts of Munich - is finished and the move has begun: Yesterday, the company celebrated the opening of its new Siemens Technology Centre, in which more than €100 million have been invested.
Garbe Industrial has acquired another plot of land in Rüdenhausen, near Würzburg, from the Beuerlein Group. The Hamburg-based project developer is planning a logistics centre with a total area of around 19,200 m² on the approximately 42,500 m² site. The investment volume amounts to around €27m.
Publity AG has sold its next office property: Frankfurt's Access Tower is changing hands. The parties have agreed not to disclose the buyer or the purchase price. The asset manager had acquired the office tower in 2019 .
Shortly after its major portfolio deal with Blackstone, Clarion Partners is once again investing in Germany: Panattoni Park Voerde is joining the investment manager's portfolio for around €75 million. The logistics park, consisting of two buildings with more than 66,000 sqm of usable space, will be completed in 2023 and is fu...
The Frankfurt market for office space including Eschborn and Offenbach-Kaiserlei has made a somewhat stronger start to 2024 compared to 2023, with tenants and owner-occupiers generating take-up of 93,100 sqm in the period from January to March. According to NAI apollo the figure is 12.4 % higher compared to the previous year,...
GLP has acquired a c.116,000 sqm warehouse in Philippsburg, in the Karlsruhe metropolitan area. The site is centrally located in the Rhine-Neckar region between Frankfurt and Stuttgart, two of the most economically dynamic business centres in Germany. The region's thriving chemical, pharmaceutical and automotive industries, u...
Despite ongoing sluggish economic activity, the German office markets recorded 609,000 sqm in take-up in Q1 2024, almost matching previous-year results. As expected, however, take-up in Germany's 8 top cities of Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich remained well below the 10-year average ...