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Commercial Property

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German-Austrian BUWOG Group has acquired a residential and commercial real estate portfolio in northern Germany from several unnamed international institutional investors for an undisclosed sum. more

Investment

Rolf Buch - Vonovia

Vonovia SE

Germany's largest residential property company Vonovia is buying Austrian rival BUWOG in a cash deal which values BUWOG at €5.2b. The move will see Vonovia increase its housing stock from 350,000 to 400,000 units, and give it valuable access... 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

Aareal Bank

Aareal Bank AG

Fresh from the launch of its second US dollar Pfandbrief, Aareal Bank is eyeing further lending opportunities in the US, Alexander Kirsch, Director, Treasury - Capital Markets, at Aareal Bank, told REFIRE. more

Companies

London

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Japanese banks Nomura and Daiwa recently indicated they are moving their EU base to Frankfurt and are applying for the appropriate regulatory licences. The announcements follow similar ones from Morgan Stanley and Goldman Sachs, among others. more

Guest Columns

Florian Goldgruber - ADO Properties

ADO Properties

Several listed German property investors have been taking advantage of the ongoing strength of the German economy and particularly its residential housing market to tap the capital markets for fresh financing. These are unlikely to be the last deals more

Markets

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

Companies

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

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

FBC Tower - Frankfurt

Epizentrum - Creative Commons

The imminent sale of the Frankfurter Büro Centre (FBC) skyscraper, in the middle of Frankfurt's central business district, had long been flagged but several bidders were known to have still actively been involved in the auction process pretty much... more

Investment

Hugh Fraser - M7

M7

The UK-based M7, a specialist investor and asset manager of multi-let real estate across Europe, has had a busy couple of months, closing on fundraising on no less than three of its funds in the month of October alone. more

Investment

Gregory Ellis - Scout24

Scout24 AG

Germany's Scout24 Group, which includes ImmobilienScout24, the largest property website in Germany, debuted on the Frankfurt Stock Exchange this week. The company placed 38.64m shares, including 7.6m new shares in the form of new capital raising... more

Companies

Investment - Buyer

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Private equity group Cerberus has hired UBS to find a buyer for its German cash & carry markets after abandoning its original plan to list its retail division through an IPO. The assets, many of which are wholesale markets leased to Metro, are... more

Investment

Holger Hosang - Pamera Cornerstone

PAMERA Cornerstone Real Estate Advisers GmbH

Mount Kellett Capital Management, the New York-based private equity group, has bought the Astropark office complex in Frankfurt in a co-investment with asset manager Pamera Cornerstone., for an undisclosed price. 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

Bremen

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There may yet be another sizeable residential real estate transaction before the end of the year in Germany, as the sector continues to consolidate and the capital markets continue to show appetite for further exposure to the sector. more

Markets

Goldman Sachs' Whitehall Funds and US hedge fund Perry Capital lightended up their holdings in Düsseldorf-based housing firm LEG Immobilien earlier this month in line with their lock-up arrangements when they raised €290m by selling a further 7... more

Markets

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

LEG Börsengang

LEG Immobilien AG

The Düsseldorf-based listed housing company LEG Immobilien had its first official annual general meeting as a publicly-owned company earlier this month, six months after being floated on the stock market by previous owner Goldman Sachs. more

Companies

LEG Düsseldorf

LEG

Düsseldorf-based LEG Immobilien, which was floated earlier this year on the stock exchange by previous owner Goldman Sachs, is wasting little time in implementing its new stated growth strategy, which should see it adding at least 10,000 further... more

Companies

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