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IVG Immobilien AG

Michiel Jaski - IVG

IVG

Germany's erstwhile largest listed company IVG Immobilien AG 'indefinitely' shelved its plans to list its OfficeFirst subsidiary, citing deteriorating market conditions. 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

Julian Newiss - Catalys Capital

Julian Newiss

The UK-based real estate investment and asset management firm Catalyst Capital has emerged as the buyer of a portfolio of properties in Germany, the Project 10 portfolio from German firm TRIUVA, the institutional funds division of restructured... more

Companies

Rui Tereso - Tristan Capital Partners

Tristan Capital Partners

Barely eighteen months after being bought by its current owners, the Karstadt complex opposite Munich's main railway station is being sold again. EPI Special Opportunities 3 (EPISO 3), an opportunity fund managed by Tristan Capital Fund and... 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

Dietmar Binkowska - IVG Immobilien AG

IVG Immobilien AG

Bonn-based IVG Immobilien AG, the erstwhile heavyweight of the German listed real estate sector, offered proposals to shareholders at last week's AGM as to how to rehabilitate the company's capital market viability. The key element of the plan is... more

Companies

Eurotower - Frankfurt

Epizentrum / Wikimedia Commons

The Eurotower, the previous home of the European Central Bank in the centre of downtown Frankfurt, is being sold by its owners, the New York-based RFR Holding, to Germany’s IVG Institutional Funds, for €480m in a share deal. The beneficial owner... more

Investment

Silver Tower Frankfurt

Epizentrum

It’s one of the most prominent buildings in Frankfurt, starting life as Germany’s tallest building and changing hands several times over the last few years, while undergoing a major facelift and modernisation that will ensure it remains a landmark... more

Investment

IVG Immobilien AG

IVG Immobilien AG

A year after filing for creditor protection, Germany’s erstwhile listed heavyweight property company IVG Immobilien AG has exited its self-managed insolvency proceedings, one of Germany’s largest-ever corporate collapses, and so has avoided its... more

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IVG Immobilien AG

IVG Immobilien AG

A German court has now approved the insolvency plan proposed by erstwhile German heavyweight IVG Immobilien AG, paving the way for an orderly insolvency and a €2.2bn debt reduction programme. The company will be delisted from the stock exchange in... more

Companies

Convertible Bonds

© moonrise - Fotolia.com

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

IVG Frankfurt

Christian Gahl

The Bonn-based IVG Immobilien AG, which recently filed for protected insolvency for its parent company, took the decision this week to put a hold on all new business at its IVG Private Funds subsidiary, citing a decline in demand for closed-end... more

Companies

IVG Frankfurt

Christian Gahl

Germany’s listed IVG Immobilien AG, struggling desperately to avoid total implosion under its crushing debt burden, has been communicating frantically with all its creditors in a bid to find a solution that might salvage some value in advance of... more

Companies

The company itself may be on the rocks, fighting for its survival, and in grave danger of being unable to service its debts, but over at the Bonn-based IVG Immobilien AG, the research team under Dr. Thomas Beyerle continue (undisturbed, we hope…)... more

Markets

The Bonn-based IVG Immobilien AG, until recently one of the heavyweights in the German listed property sector, is rapidly sliding down the ranks to join the market cap minnows as shareholders dump the company's stock in droves. more

Companies

Frankfurt at night

© Eisenhans - Fotolia.com

There has been much talk of investors in German commercial property raising their sights from the overbought ‘core’ office properties in the business districts of the larger cities, and heading into secondary locations to unearth “undiscovered gems”. more

Investment