REFIRE — German Real Estate Finance

Adler refinances, streamlines core portfolio with Benson Elliot JV

Listed German residential real estate investor Adler Real Estate has initiated a joint venture with the private equity fund manager Benson Elliot Capital to sell off its non-core portfolio, valued at about €115m. more

Constitutional Court rules that ‘Grundsteuer’ is obsolete

Germany’s Constitutional Court has ruled that the country’s Grundsteuer(land tax) is obsolete, it announced earlier this month, paving the way for a much-needed shake-up in the market. more

Investcorp's €80m German deal precursor to further buys

The Bahrain-headquartered alternative investment manager Investcorp has just made its first investment in Germany by buying Bürocampus Wangen in Stuttgart from a BEOS fund, for about €80m. more

Further plunge in German financing sentiment to five-year low

There has been yet a further significant decline in sentiment among German property finance providers according to the BF.Quarterly Barometer. Sentiment has dropped from 0.23 to -0.98 points in the second quarter of 2018, the lowest barometer... more

German hotel deals tumble by 41% year-on-year

The transaction volume in the German hotel market tumbled by 41% in the first quarter to €661m, according to CBRE, as demand continues to radically outstrip supply. more

New investors sign up for Optimum's new Berlin core-plus fund

Luxembourg-based boutique real estate investment manager Optimum Asset Management has completed a €100m secondary transaction with new investors into Optimum Evolution Fund SIF – Property II, which is invested primarily in well-located... more

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Boris Hardi

Watchdog BaFin approves first asset-backed cryptocurrency fund

Given the hype surrounding blockchain technology and its most visible product Bitcoin, it was just a question of time until the first hybrid cryptocurrency and real estate fund came on the market. In fact, we discussed this very startup... more

15 May 2018 10:00 Charles Kingston Companies

pbb

Helaba, pbb and Münchener Hyp all in expansive mode

We report in this issue on a further decline in sentiment among German property financiers (see article on BF.Quarterly Barometer). However, not all traditional banks are retrenching completely from their regular financing hunting grounds. more

14 May 2018 10:00 Companies

SEB Investment GmbH

ECB policy biggest risk for real estate market - Conference

The third outing of the Jahreskongress Finanzierung für die Real Estate Industry took place at the end of April, this time for the first time in Berlin after two previous stagings in Frankfurt am Main – perhaps in itself a statement... more

11 May 2018 10:00 Charles Kingston Markets

Phoenix Spree’s bet on Berlin market heralds 53% NAV total return

Phoenix Spree’s bet on the Berlin market has paid off: the UK-listed investment company specialising in German residential real estateachieved an NAV total return of 53% in 2017, in a sign that Berlin can generate hefty returns. more

9 May 2018 10:00 Sara Seddon Kilbinger Companies