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Charles Kingston

Charles Kingston - REFIRE

REFIRE

Germany's left-of-centre SPD , the junior partner in the governing coalition in Berlin with Angela Merkel's CDU/CSU grouping, has been at the forefront of a new drive to dampen Germany's residential housing boom, now entering its seventh year. more

Feb 21, 2017 10:00 AM Opinion

Real Estate - Office

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Despite a fall in investment activity in Germany in 2016, 2017 will not see the start of a stamped to the exit by investors, says a report on the German real estate market earlier this month by Caüpital Economics. While record low yields may... more

Feb 20, 2017 10:00 AM Markets

Dirk Wichner - JLL

JLL

If a word can describe the space leasing market in Germany last year in retail, it would be 'hesitancy'. The year finished up with again less retail space turnover than in the previous year, according to the latest retail market survey for 2016... more

Feb 17, 2017 10:00 AM Markets

Hotel

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The German hotel investment market booked a record year for transactions, with volume rising from €4.9bn to nearly €5.2bn in 2016, according to figures (more or less similar, depending on methodology) from BNP Paribas Real Estate, CBRE, Colliers... more

Feb 16, 2017 10:00 AM Markets

Regensburg

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Savills Investment Management says it can identify the most attractive retail inner-city commercial property investment locations in Germany using the Savills IM German High Street Index. more

Feb 15, 2017 10:00 AM Markets

Warehouse and logistic space

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Transaction volume on the German logistics and industrial property market hit a record €4.72bn in 2016, a rise of €620m over 2015, according to JLL. Figures from BNP Paribas Real Estate came in slightly lower, at €4.44bn, while other brokers had... more

Feb 14, 2017 10:00 AM Markets

Dan-David Golla - AviaRent

AviaRent Capital Management S.à r.l.

Luxembourg-registered AviaRent Capital Management, which specialises in German nursing home and micro-apartment investing throughout Germany, said in a recent meeting with REFIRE that it had invested over €250m in the market in 2015, while... more

Feb 13, 2017 12:02 PM Companies

Real estate residential expert

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The market for closed-end real estate funds has traditionally represented a major conduit for German savings into the real estate sector, in previous years competing vigorously with the open-ended funds sector to absorb funds looking for real... more

Feb 13, 2017 12:00 AM Markets

Healthcare

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AXA Investment Managers–Real Assets has bought a portfolio of 17 healthcare assets in western Germany for €310m from private equity firm Blackstone. more

Feb 10, 2017 10:00 AM Investment

Lars Huber - Hines Europe

Hines Europe

Bayerische Versorgungskammer (BVK), Germany's largest pension scheme group with about €66bn under management, has bought a Danish retail property portfolio for €119m through a separate-account mandate with Hines, The seller was Avignon Capital. more

Feb 9, 2017 10:00 AM Investment

Bernd Vorbeck - Universal Investment

Universal-Investment-Gesellschaft mbH

British private equity group Montagu has completed its acquisition of German fund administrator Universal-Investment, the largest independent investment company in German-speaking Europe. Universal's shareholders Berenberg Bank and Bankhaus Lampe... more

Feb 8, 2017 10:00 AM Investment

Christian Windfuhr - Grand City

GCH Hotels GmbH

Frankfurt-listed German housing investor Grand City Properties (GCP) said it plans to change its listing from the less-demanding Entry Standard to the higher level Prime Standard of the Deutsche Börse, "probably by the end of this year 2017 at the... more

Feb 7, 2017 4:40 PM Companies

German residential

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The London-listed German residential property investor Phoenix Spree Deutschland issued an update on its investment portfolio and its funding, with the highlight being a major upward price revaluation of its Berlin housing stock. It also issued a... more

Feb 6, 2017 10:00 AM Companies

Home Building - Construction site

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The German construction industry has the highest level of orders on its books for 21 years, according to the country’s main industry association. Turnover increased by 8% in the first nine months of 2016, headed by residential construction... more

Feb 3, 2017 10:00 AM Markets

Christian Schulz-Wulkow - EY

Ernst & Young GmbH

Demand for German real estate will remain high through 2017, led by the search for good office space in Berlin, Stuttgart, Hamburg and Munich – while in the residential sector, Frankfurt will see the strongest demand, according to the latest Real... more

Feb 2, 2017 10:00 AM Markets

Joint Venture

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In what was one of the largest and most complex transaction in the logistics sector over the past twelve months, German lender pbb Deutsche Pfandbriefbank has provided Growth Industrial Asset Net-Income Trust (GIANT) with €260m investment... more

Feb 1, 2017 10:00 AM Companies

Hornbach - Geleen, Niederlande

HORNBACH HOLDING AG

The Bergish-Gladbach headquartered retail property investment and asset manager Hahn Gruppe has bought a portfolio of seven Hornbach DIY stores in Germany (with one in Sweden) from the Taurus Group for its institutional HAHN VZWL Retail Fund. more

Jan 31, 2017 10:00 AM Investment

Hotel Real Estate Fund

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Swiss Life Asset Managers Real Estate France has completed the purchase of a hotel portfolio (the "Pearl" portfolio) from LFPI Deutschland, part of the French LFPI Group, in a sale-and-leaseback transaction. A further French investor is understood... more

Jan 30, 2017 10:00 AM Investment

Deal Vertrag

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UK transaction manager ESTAma (UK), a subsidiary of the Berlin-based asset and property manager Estama Gesellschaft für Real Estate Management, said that it had sold a value-add retail portfolio, known as "Octagon" on behalf of British group... more

Jan 27, 2017 10:00 AM Companies

Andrew Coombs - Sirius Real Estate

Sirius Real Estate plc

Regular REFIRE readers will know that we have been bullish on the AIM and Johannesburg-listed Sirius Real Estate for some time and have been following the company closely since its near-demise some years ago and its return to health with new... more

Jan 26, 2017 10:00 AM Companies

Now in our tenth 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.

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