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Germany

Garbe and Jebens achieve early full occupancy in Hamburg

Garbe Industrial and Jebens achieve full occupancy in Victoria Park Hamburg at an early stage: the technology company Freudenberg Sealing Technologies will move into the multi-user campus. The property, which has a total area of around 12,000 square metres, is scheduled for completion in February next year.
Friday, 15. March 2024

Phoenix Spree raises capital through sales

Phoenix Spree Deutschland has sold of a multi-family property and further sales of condominiums in Berlin. Proceeds from these asset sales will be used to repay debt and for investment in the condominium portfolio in order to prepare assets for sale.
Friday, 15. March 2024

Deutsche Wohnen publishes preliminary KPIs

Following the Full Year results for 2023 of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the financial year 2023. The numbers are preliminary. During the financial year 2023, Deutsche Wohnen SE generated a Group FFO of the continued operations of € 521.8 million (€ 1.31 per share)....
Friday, 15. March 2024

HIH Invest completed Twentyone in Berlin

HIH Invest Real Estate announced the completion of its Twentyone office scheme in Berlin. The new building at Saarbrücker Strasse 21 in the Prenzlauer Berg district supplements a building cluster on the grounds of the former Königstadt brewery that HIH Invest manages on behalf of an institutional investor.
Thursday, 14. March 2024

LIP Invest buys last-mile logistics property in Ruhr region

LIP Invest acquires a mechanized DHL parcel delivery base in Oer-Erkenschwick, Schüttacker 25, for its „LIP Real Estate Investment Fund – Logistics Germany III“ funds. LIP reached an agreement with the seller, Lütkenhaus Immobilien GmbH, in an off-market transaction.
Thursday, 14. March 2024

Publity sells office property in Wilhelmshaven

Publity AG as asset manager has sold an office property in the port city of Wilhelmshaven. The property has a total rental area of over 4,000 square meters and is let to the port operator JadeWeserPort. The remaining lease term (WALT) in the property is 9.4 years. The modern office building is in an attractive and central loc...
Thursday, 14. March 2024

Robert Schneider new CEO of DeA Capital RE in Germany

The Italian DeAgostini Group intends to further expand its German business and has appointed Robert Schneider as German CEO of DeA Capital Real Estate. The real estate expert comes from Barings and will in future drive the expansion of a significant real estate portfolio for the Italian company by forming joint ventures with ...
Wednesday, 13. March 2024

CapitaLand secures ECB as new anchor tenant at Gallileo

CapitaLand has secured the European Central Bank (ECB) as the new anchor tenant at Gallileo, the 38-storey Grade A office building located in the banking district of Frankfurt am Main. The financial regulator has signed a lease agreement for a period of 10 years.
Tuesday, 12. March 2024

Real I.S. buys back Munich head office from LaSalle IM

Real I.S. has bought back its Munich headquarters from LaSalle Investment Management for its special AIF investing in Germany. The Munich-based company sold the „Alte Mälzerei“ office property to the E-REGI fund managed by LaSalle in 2017.
Monday, 11. March 2024

Madison and StoneVest plan acquisitions for €150 million

StoneVest AG and Madison International Realty have launched a joint venture for the acquisition of light industrial and logistics properties. Over the next three years, the joint venture partners expect to acquire assets with a total value of up to €150 million.
Monday, 11. March 2024

Real I.S. names Christine Bernhofer as CEO

The Supervisory Board of Real I.S. AG, BayerLB's investment fund service provider which specializes in property investments, has appointed Dr Christine Bernhofer as Chairperson of the Management Board (CEO) with effect from 1 October 2024. The real estate expert succeeds long-standing CEO Jochen Schenk, who is not extending h...
Friday, 8. March 2024

Cabot acquires logistics property in Bavaria

Cabot Properties has acquired a logistics property of some 10,400 square metres in Hassfurt near Würzburg in Lower Franconia from Blackstone. The property at Walter-Tron-Straße 5 was built in 2007 and is located on a plot of some 22,100 square metres in an established commercial area. Colliers brokered the transaction on beha...
Friday, 8. March 2024

pbb expects significantly higher result for 2024

Deutsche Pfandbriefbank AG expects its results for the current financial year to be significantly higher than in 2023. This outlook is primarily based on continued margin increases and on lower loss allowance, which is however expected to remain above average. In an effort to safeguard its financial strength in the interests ...
Thursday, 7. March 2024

Branicks Group intends to use StaRUG for loan extension

The Branicks Group needs capital . Borrower's note loans in the amount of €225 million, among other things, will soon fall due. As the company has now announced, it has decided „preventively“ to „report a restructuring project in accordance with the Act on the Stabilisation and Restructuring Framework for Companies (“StaRUG")...
Wednesday, 6. March 2024