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“There are market rumours that institutions are again showing interest in GOEFs, but these funds will never have the same significance as before the crisis – and this is one of the reasons why Spezialfonds are doing so well,” CEO Peter Barkow commented.

Barkow Consulting GmbH

Record inflows of capital into German listed real estate

German real estate Spezialfonds saw inflows of €3.1bn in capital in the first half of this year, up 14% on the same period last year and the highest amount ever recorded over a six-month period, according to capital markets research group Barkow... more »

Sep 8, 2014 Markets

HPI’s CEO Blair Lewis said in a statement, “After careful consideration, we firmly believe now is the appropriate time to market the portfolio given its intrinsic value and attractive lease profile."

© Fotolyse - Fotolia.com

JLL get Hatfield Philips mandate to sell €300m+ German retail portfolio

It’s been a busy but very fruitful period for special real estate loan servicer Hatfield Philips (HPI). Following on from a complex restructuring process related to its Talisman 6 CMBS, which we reported on in an earlier issue of REFIRE, Hatfield... more »

Sep 5, 2014 Investment

“While re-calibrating their overall risk profiles, opportunities
for selling in markets experiencing high demand are being seized upon much more actively than in recent years,” said Union Investment board member Frank Billand.

Union Asset Management Holding AG

Union Investment survey highlights growing investor risk appetite

The semi-annual survey carried out by leading German fund manager Union Investment shows a clear shift in the willingness of investors in Germany, France and the UK to take more investment risk, and move up the risk curve from their recent... more »

Sep 4, 2014 Markets

Deal

© Reicher - Fotolia.com

Resurgence in M&A market helps Lone Star shed DüssHyp

US private equity investor Lone Star has sold its second German real estate financing bank, Düsseldorfer Hypothekenbank (DüssHyp) to a consortium for an undisclosed price. The deal follows on the heels of its sale of Corealcredit Bank in Frankfurt... more »

Sep 3, 2014 Companies

According to Westgrund CEO Arndt Krienen, the newly-acquired residential assets in this latest deal are located outside the pricier neighbourhoods in their locations and were let to squarely middle-class tenants, which “ideally complements” the company’s existing holdings.

WESTGRUND AG

Westgrund triples its holdings with Berlin residential buy

After the largest German residential deal for several months, Westgrund said that about 12,000 of the residential units and 63 commercial properties will be integrated into its existing holdings, with the rest (mainly in Neubrandenburg and... more »

Sep 2, 2014 Investment

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Now in our seventh year of publication, the REFIRE Intelligence Report has developed a strong reputation for authoritative reporting and analysis of the German market for real estate finance. REFIRE is read by institutional investors who simply need to know what is happening on continental Europe's most important market for real estate, whether on the debt or the equity side. Our readers trust us for our local market insights and close connections with key market players in Germany, and rely on us for qualified comment on significant market developments.

GRI Europe Summit 2014