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Charles Kingston

Thomas Landschreiber - Corestate Capital

CORESTATE-Capital-AG

Luxembourg-headquartered investment manager CORESTATE Capital Holding is setting up an open-ended Spezialfonds focused on German residential property, with a target volume of at least €300m. An initial €70m equity for the seed portfolio has... more

Aug 18, 2017 10:00 AM Companies

Financing

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Among German real estate-related stocks showing strong stock market appreciation over the past twelve months is Munich-based financing bank pbb Deutsche Pfandbriefbank. The 'good bank' that emerged from the ashes of the collapsed Hypo Real Estate... more

Aug 17, 2017 10:00 AM Companies

Nursing Home

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Global alternative asset manager The Carlyle Group is getting ready to sell Alloheim, one of Germany's top three nursing home operators, according to a recent report in the German business daily Frankurter Allgemeine Zeitung. Sources in Frankfurt... more

Aug 16, 2017 10:00 AM Companies

Deal Vertrag

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The US listed alternative asset manager Ares Management L.P. further strengthened its presence in German real estate when one of its funds bought a 300-unit, 24,000 sqm residential and retail complex in Frankfurt am Main. more

Aug 15, 2017 10:00 AM Investment

Kaufhof - Frankfurt

GALERIA Kaufhof GmbH

We refer in this issue's editorial (page 4) to the demise of several previously prominent American shopping malls. Now there are ominous messages eminating from leading German department store retailer Galeria Kaufhof, which was bought two years... more

Aug 14, 2017 12:10 PM Companies

Dr. Julian Deutz - Axel Springer

Axel Springer

Another giant Berlin commercial property sale also took place this month, having been flagged (including in REFIRE's pages) about half a year ago as likely to be one of the biggest sales of the year. German publisher Axel Springer has sold its... more

Aug 9, 2017 10:00 AM Investment

Real Estate

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More good news reaching us from London-listed Phoenix Spree Deutschland, which invests in both residential and commercial properties mainly in Berlin. In its interim result, the company unveiled a 22.6% rise in portfolio valuation for its... more

Aug 8, 2017 10:00 AM Companies

Logistic business

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The pan-European logistics and industrial development platform Baytree Logistics Properties, is developing a 30,000 sqm logistics asset in Hannover on a build-to-suit basis, in what is the group's first German project. more

Aug 4, 2017 10:00 AM Companies

Stuart Reid - Rockspring

Florian Glock - REFIRE

Co-operative Dutch pension fund manager PGGM and Rockspring Property Investment Managers have committed to their first deal as part of their joint venture to invest in high-tech hot spots in Berlin. The €206bn Dutch pension group and the... more

Aug 2, 2017 10:00 AM Companies

Rolf Buch - Vonovia

Vonovia SE

As it gets ever more difficult to find residential portfolios at the right price, the larger players are looking at creating their own new stock of housing, and benefiting from the extra margin accruing to developers in Germany's bubbling housing... more

Aug 1, 2017 10:00 AM Companies

Charles Kingston - REFIRE

REFIRE

It's clear that real estate will play a dominant role in the forthcoming German elections, more so than in the recent past – and all the main political parties are rehearsing taking strong, principled positions before the hustings begin in earnest... more

Jul 28, 2017 10:00 AM Opinion

Sony Centre

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The sale process for the landmark Sony Centre property on Potsdamer Platz in Berlin is moving into its final phase, and from what REFIRE understands, the Canadian pension group Oxford Properties seems to be the frontrunner at this stage to become... more

Jul 27, 2017 12:00 PM Investment

Michael Morgenroth

Caerus Debt Investments AG

The Düsseldorf-headquartered Caerus Debt Investments, led by fund specialist and former INREV chairman Michael Morgenroth, has raised an additional €47m for the firm's Archimedes real estate debt fund, bringing the total up to €129m for the fund. more

Jul 25, 2017 3:00 PM Companies

Henri Vuong - INREV

INREV

German non-listed real estate funds continued their strong performance during the first quarter of the year, doubling the growth of the previous quarter, according to the latest German figures released by INREV. more

Jul 24, 2017 10:00 AM Markets

IPO

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The small but ambitious residential real estate developer Noratis became the latest property company to IPO in Germany, after shares of the company started trading in the newly-founded Scale Segment for small companies of the Frankfurt Stock... more

Jul 21, 2017 10:00 AM Companies

CRM

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German SaaS (Software-as-a-service) firm Propertybase has been bought out by US software company Boston Logic Inc. for an undisclosed sum in the first acquisition for the American firm. more

Jul 20, 2017 10:00 AM Companies

Kauf Deal

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Summit Germany Ltd, the AIM-listed German commercial property investment company, said last week it is buying a portfolio of commercial properties valued at about €100m from Dazzle Capital Holdings Ltd. more

Jul 19, 2017 10:00 AM Investment

Annette Kroeger - Allianz Real Estate Germany

Alianz

German insurer Allianz has bought a €175m office redevelopment project in Berlin in a forward deal on behalf of several Allianz group companie from private equity investor Patron Capital and its local partner, Berlin-based investment company Suprema. more

Jul 18, 2017 10:00 AM Investment

Andrew Coombs - Sirius Real Estate

Sirius Real Estate plc

Regular REFIRE readers will know that we have been bullish on the previously-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... more

Jul 17, 2017 10:00 AM Companies

Curth-C. Flatow - FAP

Florian Glock - REFIRE Ltd.

Independent Berlin-based capital structure consultant Flatow Advisory Partners (FAP) said recently that it was seeing a sharp increase in real debt investments in Germany this year, with investors getting a lot more interested in alternative... more

Jul 14, 2017 10:00 AM Markets