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Gagfah AG

Germany Euro

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As we reported here in REFIRE back in November last year, Germany edged ahead of the UK as Europe's most active real estate investment market in last year's third quarter for the first time since 2012. Fresh research from Real Capital Analytics... more

Markets

Jan Linsin - CBRE

CBRE

According to property advisers CBRE, the first nine months of the year saw turnover in portfolio residential transactions (of 50 or more housing units) of about €7.2 billion. This is fully €11.3 billion less than in the first three quarters of... more

Markets

Rolf Buch - Deutsche Annington

Deutsche Annington

Rolf Buch, the CEO of listed Deutsche Annington, told German newspaper Welt am Sonntag recently that his company was looking at every residential portfolio that came on the market in Germany with more than 1,000 units, to see whether they might... more

Investment

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

Rolf Buch - Deutsche Annington

Deutsche Annington

Germany's Cartel Office last week gave the green light for the takeover by Deutsche Annington of fellow-listed Gagfah, removing a potential hurdle to the creation of the new giant residential housing company, with its more than 350,000 apartments. more

Companies

GAGFAH - Wiesbaden-Biebrich

GAGFAH

It’s been all good news for residential housing group Gagfah shareholders in recent years, who are sitting on a six-bagger since the dark days of early 2009. Things were given a fillip last year with the arrival of CEO Thomas Zinnöcker from Berlin... more

Investment

Convertible Bonds

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We report elsewhere in this issue on a number of bond issues from German real estate companies, including TAG Immobilien, Grand City Properties and Austria's UBM Immobilien, which highlight the increasing role that bonds, and in particular... more

Markets

Constantin von Oesterreich - HSH Nordbank

HSH Nordbank

We reported in a recent issue of REFIRE on our meeting with Michael Windoffer, director at Hamburg and Kiel-based landesbank HDH Nordbank, which had a clear take-home message that the bank is back in business for real estate lending... more

Investment

LEG in North Rhine-Westphalia

LEG Immobilien AG

The Whitehall Funds of Goldman Sachs took the opportunity earlier this month to dispose of practically its entire holding of 15.2m shares or nearly 29% in LEG Immobilien AG, Germany’s fourth-largest property company by market value. more

Companies

Gagfah in Sachen Anhalt

U. Kneise / Archiv GAGFAH

It may be just a question of perception, but it certainly feels as if there are fresh winds blowing through listed German residential investor Gagfah AG since the arrival last spring of Thomas Zinnöcker as CEO from Berlin’s GSW Immobilien AG. more

Companies

Hamburg Volksdorf

M.Ehrich/ Archiv GAGFAH

Global real estate advisory firm Situs said last week that it had got the mandate as the primary and special servicer for the recent €700m Gagfah CMBS German Residential Funding 2013-2 Limited securitisation, part of the listed multifamily... more

Companies

Gagfah

GAGFAH M Immobilien-Management GmbH

Listed German residential property investor Gagfah issued its half-year results recently, which were long on bullish projections for the future based on its improved capital structure, but short on actual improvements on a like-for-like basis with... more

Companies

Numbers and figures

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It’s not really been a good month for Germany property companies tapping the capital markets. Or perhaps it’s fairer to say that the appetite is still there for German residential exposure, but bookrunners are finding out that the market has... more

Companies

BUWOG Zentrale

BUWOG - Bauen und Wohnen Gesellschaft mbH

Listed Austrian real estate company Immofinanz has pulled the planned public listing of its residential property subsidiary Buwog, citing the uncertain market environment. The IPO was scheduled for November of this year, and Immofinanz has taken... more

Companies

Apartments in Berlin

U. Kneisel / Archiv GAGFAH

German listed housing group Gagfah, controlled by US private equity firm Fortress Investment, said earlier this month that it is close to completing the nearly €2bn refinancing of its securitised German Residential Funding portfolio, on improved... more

Companies

Plans by Germany’s largest residential landlord Deutsche Annington for its long-awaited IPO have been noticeably gathering pace over the past few weeks. The latest word is that the group is now targeting a date possibly as early as the first week... more

Companies

Plans by Germany’s largest residential landlord Deutsche Annington for its long-awaited IPO have been noticeably gathering pace over the past few weeks. The latest word is that the group is now targeting a date possibly as early as the first week... more

Companies

GAGFAH - Wiesbaden-Biebrich

GAGFAH

The recent refinancing deal by listed residential investor and manager Gagfah of its notorious Dresden housing portfolio was – by a big margin – the biggest single refinancing on the German real estate market since the onset of the credit crisis. more

Markets