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» Chronological View: " Germany " «

Patrizia acquires 525-unit resi portfolio for €53m

Patrizia Immobilien AG has acquired a residential portfolio with a projected total of 525 student and business apartments in Leipzig and Mainz for €53m. The three properties of the portfolio are located in stable macro and micro-locations characterised by a significant excess demand in a residential real estate.
Wednesday, 18. April 2018

DIC Asset records excellent result for its first scrip dividend

A large number of DIC Asset shareholders took advantage of the option to be paid their dividend in new shares, a choice offered to them for the first time. With a subscription price at €9.92 for each new share, and a subscription ratio of 15.5 to 1, the acceptance rate represented around 44 percent of the dividend-bearing sha...
Wednesday, 18. April 2018
Allianz celebrates topping-out ceremony in Hamburg

Allianz celebrates topping-out ceremony in Hamburg

Allianz Real Estate is celebrating the topping-out ceremony for its new office building „An der Alster 42“ in Hamburg's St. Georg district. As the owner, it has also invited the participating craftsmen, architects and business partners to the construction site on the Alster for a traditional celebratory drink and reception. T...
Wednesday, 18. April 2018

Second-best result of all time: 910,000 sqm of space taken up in the 1st quarter

In the first quarter of 2018, 910,000 m² of office space was taken up in the eight main German locations Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich. The 900,000 m² mark was exceeded for the second year in a row and was only 4 % below the record set in the previous year. This is the result of th...
Wednesday, 18. April 2018
Realogis appoints  Nicole Neumärker as authorised representative

Realogis appoints Nicole Neumärker as authorised representative

Realogis has appointed Nicole Neumärker as authorised representative of Realogis Immobilien Hamburg GmbH and Realogis Immobilien Deutschland GmbH. In this role, she is in charge of managing the offices with responsibility for earnings and staff as well as for organising, monitoring and adapting internal work processes. The re...
Tuesday, 17. April 2018

Companies looking to move are thwarted by the lack of suitable spaces

The results of numerous economic surveys at the beginning of the year indicated that expectations tend to be subdued, while President Trump’s announcement of trade tariffs is unlikely to help lighten the mood. Irrespective of this, most economic indicators continue to point upwards and support the currently very positive econ...
Tuesday, 17. April 2018
Seidel appointed Nord/LB CFO and COO

Seidel appointed Nord/LB CFO and COO

Olof Seidel will assume the positions of Chief Financial Officer (CFO) and Chief Operating Officer (COO) of Nored/LB. As General Representative, he will take on the role of head for Finance/Tax, Group IT and other areas. He will report directly to Thomas Bürkle, the Chairman of the Management Board of the German lender. The b...
Monday, 16. April 2018

German Pfandbrief banks expect the rise in prices to slow down

The Association of German Pfandbrief Banks (vdp) is not expecting the dynamic price growth in the German market for residential properties to continue at the pace seen over the last few years. “We expect the rise in prices in the German housing market, both nationwide and in the metropolitan areas, which has been particularly...
Monday, 16. April 2018

Total turnover of €12.3 bn and new record for single deals

In the first quarter of 2018 around €12.3 bn was invested nationwide in commercial property. The figure is just 3 % short of the new record set in the previous year and the second-best result of all time. This is the result of the analysis by BNP Paribas Real Estate. The most important results at a glance:
Monday, 16. April 2018

Investcorp acquires office campus in Stuttgart for about €80 million

Investcorp in cooperation with Continuum Capital Investment Management GmbH has purchased Bürocampus Wangen in Stuttgart from Beos Corporate Real Estate Fund Germany I, managed by Beos for approximately €80 million. The acquisition represents Investcorp’s first real estate investment in Germany.
Monday, 16. April 2018

Logistics market in Germany follows office as 2nd-strongest asset class

Industrial and logistics assets continue their strong performance in 2018. According to Colliers International, more than €1.8bn were poured into this asset class in Q1 2018, almost matching previous year results (-1%). Q1 2018 even managed to considerably exceed the 5-year average by 75%.
Monday, 16. April 2018

MünchenerHyp’s new property financing business exceeds €5 billion

Münchener Hypothekenbank eG set a new record for property financing in its 2017 business year. The Bank’s new mortgage finance business exceeded the €5 billion euro mark for the first time and totalled €5.1 billion. Earnings power rises further The favourable development of the Bank’s new business results also lifted Münchene...
Monday, 16. April 2018

Eyemaxx resolves significant increase to commercial investment property portfolio

Eyemaxx Real Estate AG is significantly expanding its real estate holdings and has sustainably reinforced its ongoing rental income with the acquisition and development of a town-centre, multifunctional commercial property in Bamberg on Ludwigstraße 2. The purchase agreement for the centrally located property with 17,500 squa...
Monday, 16. April 2018

Consus expands development volume of around €750 million

Consus Real Estate AG has secured five individual new projects for a total expected sales volume of around €750 million. With the secured properties, the company intends to develop in the next 3 to 4 years a total of approx. 1,670 apartments with over 153,210 square meters of residential area and approx. 29,968 square meters ...
Monday, 16. April 2018

BNP Paribas REIM acquires office building in Munich for Real Value Fund

BNP Paribas REIM Germany has acquired the Pallas-Haus at Leopoldstrasse 236-238 in Munich-Schwabing in partnership with Cording Real Estate Group for the real estate special fund „Real Value Fund“. Seller is the Blackstone subsidiary Officefirst to optimise their portfolio. Recently the management sold an office property in ...
Monday, 16. April 2018

Three new lettings in prime location of Stuttgart

The home accessories store Depot will move to the prime location Koenigstrasse 56 and therefore increase its space in Stuttgart to around 1,400 sqm. The traditional brand Triumph also has leased a boutique in the same building and both stores will open in spring 2019. The space is currently still used by the stores Tally Weil...
Monday, 16. April 2018
Flixbus leases 15,800 sqm in Munich

Flixbus leases 15,800 sqm in Munich

After the company FlixMobility GmbH (FlixBus) has signed a lease agreement for approx. 13,800 m² of office space in the development „Kap West“ in Munich last week, the company announced a further agreement of approx. 2,000 sqm of office space in the Hofmann Hoefe in in Munich-Obersendling. Investor of the asset is Rock Capita...
Monday, 16. April 2018