Germany

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...

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.

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.

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.

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...

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.

AEW has completed the off-market acquisition of a newly built and fully let logistics asset in Hanover-Sehnde on behalf of its open-ended pan-European core fund Eurocore.

The latest acquisition of an office property at Innere Wiener Strasse 17 in Munich's Haidhausen district means that the specialised institutional real estate alternative investment fund Real I.S. SCF I is now fully invested and broadly diversified in its target country, Germany, with total investment of more than 250 million ...

Branicks has got green light for the restructuring plan from the lenders of the € 225 million promissory note loans maturing in 2024. In doing so, the promissory note loans in question are extended to June 30, 2025.

Montea acquires a logistics park with a total lettable area of 63,500 m² in Hamburg. The acquisition marks a further expansion of the company's foothold in Germany, an increasingly important market.

The Lindner Hotel Group takes over the operation of five hotels previously managed by the 12.18. Group. LHG's portfolio will grow from two to four brands. 12.18. will focus on real estate activities. Both companies consider the merger to be another milestone in their respective growth strategies.

GLP has finalised its redevelopment project in Schifferstadt, with the completion of two logistics buildings with a total area of 54,000 m². Each building has an 8,500 m² mezzanine floor and 2,000 m² of office space. The site features parking spaces for 124 cars and 35 trucks.

Aareal Bank AG has invited shareholders to its ordinary Annual General Meeting, which will be held on 3 May 2024 as a virtual meeting. A key item on the agenda will be the passing of a resolution on a squeeze-out of minority shareholders. The main shareholder, Atlantic BidCo GmbH, has further specified its transfer request an...

Sonar Real Estate, acting in its capacity as asset manager, has let around 11,600 sq m of office space in three properties in Berlin. Five leases have been agreed.

Valor Real Estate Partners has made eight promotions, including that of Ben Brunschwig to Principal alongside four other senior promotions, as part of its ambition to double its AUM to €6bn+ by 2026.

Eurofund Group has appointed two new team members to strengthen its German team. Neven Grzeta, formerly of ECE, becomes CEO of Germany Retail, and Anna Lauro, formerly of Unibail Rodamco Westfield, becomes Asset Manager.

The Empira Group has been able to secure the insurance company die Bayerische as a long-term tenant for 11,550 square metres of commercial space in the Munich office complex The Source.

HIH Invest has acquired a logistics property in Wittenburg on behalf of its open-ended special funds from an institutional investor. Seller and developer of the 26.500 sqm logistics asset is Panattoni, who completed the site in late 2023.