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Germany

Madison and StoneVest acquire light industrial property near Berlin

A joint venture between StoneVest AG and an entity managed by Madison International Realty have acquired a light industrial property south of Berlin, Germany, from KWC Aquarotter GmbH. The asset, which comprises 15,500 sqm of warehouse and office space, has been acquired via a sale and leaseback transaction, with KWC Aquarott...
Thursday, 11. April 2024

CA Immo renews lease agreements in Dusseldorf

CA Immo has extended two lease agreements for a total of around 7,400 m² of office space in the Belmundo and LaVista office buildings in Duesseldorf. The tenants are Indeed Deutschland GmbH, a company in the personnel services sector, and the Dutch leasing and financing firm De Lage Landen Leasing GmbH. The buildings are almo...
Thursday, 11. April 2024

Bowery continues growing its German presence

Bowery is further expanding its German portfolio with its first acquisition in Lower Saxony: The 10,000 sqm warehouse is located in a prime location in Osnabrück, at only 3km from the city's central station and with direct access to the A33 highway.
Thursday, 11. April 2024

Premier Inn secures location in Hamburg

As part of their second joint venture, the Reiss & Co. Group and PEG - Projektentwicklungsgesellschaft Hamburg mbH, have concluded a long-term lease to Premier Inn. The property is a new development at 21-25 Adenauerallee, with a total area of around 10,000 square metres.
Wednesday, 10. April 2024

Neinver reaches record-breaking monthly growth in 2023

Neinver recorded a strong operating performance in 2023, with total brand sales reaching €1.48 billion across its entire portfolio, an 11% y-o-y increase and record-breaking monthly growth. The centres operated by the company across six European countries welcomed a total of nearly 68 million visitors over the course of the y...
Tuesday, 9. April 2024

KanAm mandates IC for Munich commercial space

IC Immobilien Gruppe was awarded a further property management mandate at the beginning of the year, and for the first time ever it is now working together with KanAm Grund. The property in question is „Ludwig“ with a total of approx. 31,000 square metres of commercial space in the heart of Munich.
Tuesday, 9. April 2024

LBBW Capital Markets Board member Ricken becomes new CEO of Aareal Bank

Aareal Bank CEO Jochen Klösges will leave the real estate lender. The Supervisory Board and Klösges have „mutually agreed“ that the Group should „enter the next phase of its development under new leadership“ following the completion of the full takeover by Atlantic BidCo, the company said in a statement today. His successor w...
Tuesday, 9. April 2024

Montano acquires another building in Hamburg

Montano Real Estate has acquired another office and retail building for a German professional pension fund. The asset was acquired from Ofi Invest Real Estate, on behalf of a client.
Monday, 8. April 2024

Frasers acquires four German logistics properties for €129.5m

Frasers Logistics & Commercial Trust (FLCT) has agreed to acquire an 89.9% stake in the equity interests in the property-owning companies which hold four logistics properties located in Germany. The agreed property purchase price for the new properties is EUR129.5 million ($188.9 million) representing a discount of 5.3% and 1...
Monday, 8. April 2024

GIEAG Immobilien completes delisting

On March 28, GIEAG Immobilien AG stopped listing its shares on the electronic trading platform Xetra and on the Frankfurt Stock Exchange. However, the share is still listed in the m:access selection segment of the Munich Stock Exchange.
Monday, 8. April 2024

Incity Immobilien AG misses forecast

InCity Immobilien AG did not achieve the earnings forecast adjusted in December 2023: According to the preliminary, unaudited figures, the project developer is recording a consolidated annual loss of around €6.0 million. A loss of €5.0 - 5.5 million was forecast.
Friday, 5. April 2024

Remote-working share takes toll on German office market

Around 5% of employees in Germany worked from home before the pandemic, a number that has now increased to roughly 25%. Hybrid working models have become the norm now that the pandemic is over, and companies have reduced the amount of time their employees can work from home.
Friday, 5. April 2024

Publity sells office building near Kiel

Publity AG, as asset manager, has sold an office property in Büdelsdorf near Kiel. The three-storey office property has a total rental area of almost 4,500 square meters. The parties have agreed not to disclose the buyer or the sale price. The property is located in a central commercial location, adjacent to the city of Rends...
Thursday, 4. April 2024

Vonovia issues 850 million social bond

Vonovia SE issued an unsecured social bond with a term of 10 years on April 3, which is in compliance with the company's Sustainable Finance Framework defined in February 2022. The bond with a total volume of € 850 million and a coupon of 4.25% was 4.8 times oversubscribed.
Thursday, 4. April 2024