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Conwert Immobilien

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

Companies

Philip Grosse - Deutsche Wohnen

Deutsche Wohnen AG

Germany's second-largest publicly listed residential property company Deutsche Wohnen reported a strong start to the year with an increase in most of its key perfromance indicators, and confirmed its forecast for the full year, independent of any... more

Companies

Deal

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The DAX-listed German residential property investor and manager Vonovia SE has succeeded in gaining the minimum acceptance threshold of 50% plus one share in its takeover offer for listed Austrian group Conwert Immobilien. Official notification of... more

Companies

Johannes Meran CEO

Andi Bruckner

The listed, Berlin-based commercial property investor GxP German Properties AG is the new owner of the so-called Thor Portfolio, consisting of eight office properties across Germany. The seller is the Orion European Real Estate Fnd IV from Orion... more

Companies

Jürgen Kelber - Arbireo

Arbireo Capital AG

German property investment manager Arbireo Capital is launching the first German Spezial-AIF (Spezialfonds) focused on the grocery retail sector for institutional investors. The fund is targeting €200m volume and a dividend yield of at least 6%. more

Companies

Alexander Porschowsky - Conwert

conwert Immobilien Invest SE

Austrian listed Conwert Immobilien, in the process of being taken over by Germany’s largest property company Vonovia, has sold a large chunk of its commercial property portfolio to an unnamed international group of investors for €335m, which it... more

Investment

Johannes Meran CEO

Andi Bruckner

As late as June this year the Berlin-based commercial property specialist German Asset Management GmbH relaunched as GxP Asset Management. Although founded only in 2015, German Asset Management has already invested over €160m in office and retail... more

Companies

Arndt Krienen - Westgrund

WESTGRUND AG

The listed Frankfurt-based Adler Real Estate, much in the news and in these pages recently for its unwelcome flirtation with Austria's conwert Immobilien, reported mixed results for the full-year 2015. It saw net profit fall 30% to €78m but... more

Companies

Shareholder, Numbers, Figures

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The dispute over board membership between listed residential real estate companies Adler Real Estate and Austria's conwert Immobilien (as reported in last month's REFIRE) was peacefully resolved at the last minute in mid-March, and so it's a... more

Companies

Dr. Wolfgang Beck - Conwert Immobilien

Conwert Immobilien Invest

The ongoing saga that is Germany's wave of consolidation among its listed residential property companies may reach its zenith later this month (at least temporarily) at a special shareholder meeting in Vienna of Austrian-listed Conwert Immobilien. more

Companies

Stavros Efremidis - WCM Beteligungs- und Grundbesitz AG

edicto GmbH

Germany's SDAX-listed WCM Beteiligungs- und Grundbesitz-AG saw its gross asset value exceed €500m after a spate of acquisitions last year. It has since added a further two retail parks and a DIY store not included in its end-of-year valuation... more

Companies

Dr. Wolfgang Beck - Conwert Immobilien

Conwert Immobilien Invest

The Vienna-listed residential and commercial property investor Conwert Immobilien Invest said it surpassed its sales target for non-core assets during 2015, and expects a further €300-350m of disposals this year. In a statement the company said it... more

Companies

Investment

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Barely three months after fending off a takeover offer for itself, Austrian listed property company conwert Immobilien Invest is in exclusive talks to buy the €1.1bn residential property asset portfolio of BGP, the company spun off by the... more

Investment

Hans Peter Haselsteiner

STRABAG SE

It’s been a turbulent few months at Vienna-listed residential investor conwert Immobilien, and recent changes at the company are unlikely to be the last after this week’s annual general meeting. The company only recently rejected an offer by... more

Investment

Andreas Segal - Deutsche Wohnen AG

Deutsche Wohnen

Speaking at the annual Handelsblatt Immobilientagung in Hamburg last week, Andreas Segal, board member and finance director at listed Deutsche Wohnen AG, addressed the issue of consolidation among German listed property groups. In particular, he... more

Companies

IPO

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The markets are in need of a good story, after the surge in German real estate companies’ share prices over the last few years, and that story is consolidation. Among existing listed companies, merger fever has gripped the markets. more

Markets

Austria Trouble

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There has been trouble brewing at listed Austrian property investor for some time – in REFIRE’s view, this could almost be dated back to when experienced German residential privatisation specialist Jürgen Kelber left his board position to come... more

Markets

Deal Vertrag

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Luxembourg-registered Kronberg International has sold a majority shareholding in three German residential and commercial property portfolios to the listed Hamburg-based Adler Real Estate for abut €113m, despite having only acquired the stakes... more

Companies

Johannes Meran CEO

Andi Bruckner

Viennna-listed Conwert Immobilien is another Austrian company which, like Immofinanz (see elsewhere in this issue), is hungry for German residential portfolios to add to its burgeoning German holdings. Its latest acquisition is a portfolio of... more

Markets

The Vienna-listed conwert Immobilien said earlier this month that it plans to invest more this year in German residential real estate, part of a strategy shift to focus more on buying and renovating apartment blocks. The company said that it may... more

Companies