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Deutsche Bank

Commerzbank Zentrale

Commerzbank AG

Germany's open-ended real estate funds have been riding a wave of liquidity to clean up and diversify their holdings, largely to very good effect, according to the latest annual ratings issued by Berlin-based rating agency Scope. more

Markets

Funds, numbers and figures

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Germany's eighteen open-ended real estate funds have been busy doing their housekeeping since the whole sector found itself back on a stable footing in the aftermath of the liquidity crisis and the introduction of new regulations guiding the sector. more

Companies

EPRA 2015 - Berlin

Joke Emmerechts/EPRA

It's now more than ten years since the German real estate industry was in a collective tizzy about the new forthcoming REITS legislation. more

Markets

Torsten Kracht - Instone Real Estate Group

Tino Pohlmann

nstone Real Estate has acquired a former tea trading headquarters in Halle an der Saale that it plans to convert into more than 100 apartments for an undisclosed sum, it announced this week. more

Investment

Office

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Co-working is shaking up global office markets, following a record year for new co-working take-up, according to C&W’s ‘Co-Working 2018’ report, published this month. more

Markets

Bayrische Versorgungskammer

Bayrische Versorgungskammer

Giant German pension fund Bayerische Ärzteversorgung (BAV) is outsourcing the management of a €1bn global property portfolio to Deutsche Asset Management, the alternative assets investment arm of Deutsche Bank. more

Companies

IPO

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German residential property developer Instone Real Estate Group confirmed this month that it planned to go public by listing its shares on the Frankfurt Stock Exchange this year. The IPO, mooted to be for mid-February but almost certainly in the... more

Companies

Sold, Deal

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Swedish buyout group Nordic Capital is buying Alloheim, Germany’s second-largest nursing home operator, for about €1.1 billion including debt, from the Carlyle Group. Nordic Capital said it intended to support Alloheim’s management... more

Companies

Money

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It's only a few years ago since the German open-ended funds industry was in crisis leading to widespread liquidations – due to a lack of liquidity. The sector is suffering again, but this time for the opposite reason – a surplus of liquidity – as... more

Markets

Jacob Lyons

REFIRE - Florian Glock

Pan-European real estate advisor and manager CR Investment Management and Oxane Partners, a UK-headquartered service company for alternative asset managers, have formed a new partnership to deliver systems and technologies to support CR's asset... more

Companies

Volker Oehls - Situs

Situs Holdings

The deal had been brewing for several months and had been well flagged by the major players involved, but loan servicing and NPL loan management firm Situs has now bought competing debt advisory group Hatfield Philips International (HPI) from... more

Companies

Deutsche Bank - Frankfurt

Kiefer, CC BY-SA

Will Deutsche Bank need rescuing? It’s a question that is being asked as this big beast of global banking gears up to announce its third quarter results on October 27. With losses expected to be north of €600m (£534m), the backdrop is dismal... more

German Miscellany

Michiel Jaski - IVG

IVG

As REFIRE reported in recent issues, Germany's erstwhile largest listed property IVG Immobilien AG has embarked on the sale of its core property portfolio under the flag of its new corporate identity as Officefirst Immobilien. Plans seem to be... more

Companies

Dr. Andreas Aschenbrenner

BCG

Barely two months after buying Bilfinger's real estate services division for €1.2bn, Swedish private equity group EQT looks as if it is already looking for a new buyer for part of the business. more

Companies

Commerzbank AG

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Samsung SRA Asset Management, a consortium of financial divisions of South Korea's Samsung Group, was named last week as the preferred bidder to take over Germany's Commerzbank's headquarters in Frankfurt, the tallest office building in Europe. more

Investment

Michiel Jaski - IVG

IVG

Germany's erstwhile largest listed property IVG Immobilien AG has embarked on the sale of its core property portfolio under the flag of its new corporate identity as Officefirst Immobilien. The portfolio comprises 97 office properties, valued at... more

Companies

Ulrich Höller - German Estate Group

German Estate Group

In the largest single German property deal so far this year, the Frankfurt-based German Estate Group (GEG) bought the landmark property IBC International Business Campus in Frankfurt for €400m in an off-market transaction. Property lender Berlin... more

Investment

Ralf Klann - Bilfinger

Bilfinger Real Estate Germany

REFIRE met with construction and engineering group Bilfinger at the MIPIM, where the company has managed to snare - and hold on to - one of the best stands in the Palais des Festivals. Its extensive sunny outdoor terrace is ideal for up-close... more

Companies

Vodafone - Eschborn

Florian Glock

US-based investor Apollo and German asset manager Publity have emerged as the buyers of the large German office assets forming the collateral of the Eurocastle 'Bridge' loan in the legacy Lehman Brothers Windermere X securitisation. more

Investment

Money Euro Sale

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The London-based private equity group Kildare Partners has bought most of the remaining German commercial real estate and debt portfolio from GE Capital Real Estate for an undisclosed amount. more

Companies