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Morgan Stanley

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

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

Hotel Holiday Inn Munich City Center

IHG

Denmark’s largest pension fund ATP and an unnamed Dutch institutional investor represented by CBRE GIP have acquired the Hotel Holiday Inn Munich City Center for €187.5m from Invesco Real Estate. more

Investment

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

Ralf Kemper - JLL

JLL

JLL’s Victor Prime Office Index flattened out in the second quarter, rising by just 0.2% to 169.7 points, according to data released this month by JLL. more

Markets

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

Sony Centre

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The sale process for the landmark Sony Centre property on Potsdamer Platz in Berlin is moving into its final phase, and from what REFIRE understands, the Canadian pension group Oxford Properties seems to be the frontrunner at this stage to become... more

Investment

Deutsche Wohnen - Zentrale

Deutsche Wohnen

German listed residential landlord Deutsche Wohnen has acquired a portfolio of 3,900 residential units and 270 commercial units in Berlin from an unnamed seller for €655m, it announced earlier this month. more

Investment

Eckhard Schultz - LEG Immobilien AG

LEG Immobilien AG

Listed German housing company LEG Immobilien AG placed its first corporate bond, with a nominal value of €500m, with institutional investors earlier this month. The unsecured fixed-rate bond is paying an annual coupon of 1.25%, and matures on the... more

Companies

Rod McGeoch - BGP Holdings

CHRIS SKELTON/Fairfax NZ

The long saga of the German residential portfolio most recently held by BGP Holding entered a historic new phase last week when giant Chinese sovereign fund China Investment Corporation (CIC) as the beneficial owner beat off lively German... more

Investment

Verkauf

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There was some excited talk at the recent MIPIM in Cannes about Italian insurer Generali's plans to boost its coffers by selling off a major property portfolio. The portfolio, known as Stardust, is valued at more than €1bn. more

Companies

Study 2015 - KanAm Grund REAM

KanAm Grund REAM

The Frankfurt-headquartered real estate fund manager KanAm Grund REAM has just published the third annual edition of its open-ended funds study, entitled "Liquidation of open-end real estate funds from the point of view of the investor", and it... more

Markets

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

Hotel

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With interest in German hotels at unprecedented levels, numerous investors have been bringing in the consultants to review what they are doing – or should be doing – with their hotel assets. more

Markets

Ulrich Höller - German Estate Group

German Estate Group

The newly-established German Estate Group (GEG), the platform created by Frankfurt-based developer and property manager DIC and the US buyout group KKR, has kicked off its investment programme by buying two assets in Munich for a total of €160m. more

Investment

Trianon - Frankfurt

CC - Gizmo23

The US REIT NorthStar Realty Finance Corp. is expanding its European portfolio with the acquisition of landmark Frankfurt skyscraper Trianon, in the heart of the banking capital's business district, for €540m. more

Investment

Börse Frankfurt

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Grand City Properties, the fast-growing Luxembourg-based investor in German residential housing, successfully placed a €500m 7-year secured bond with a coupon of 2.0% this week, targeting the proceeds at the buyback of an earlier €350m bond paying... more

Investment

Investment

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The London and Berlin-headquartered CR Investment Management kicked off the month by selling three further properties for the portfolio backing the Sunrise II/Treveria II loan, part of the Treveria D Silo, whose history we have reported on in... more

Investment

Oliver Herrmann - REDOS Real Estate GmbH

REDOS Real Estate GmbH

REDOS Real Estate, previously most widely known as a partner with Morgan Stanley in the investment bank’s German retail investments, has now teamed up with fund manager Union Investment to create a new retail investment fund. The new Spezialfonds more

Companies

HSH Nordbank

HSH Nordbank

When the financial crisis struck, one German bank (admittedly, of a few) that had to immediately react by curbing its global ambitions was the Hamburg and Kiel-based HSH Nordbank. Even then we remember being struck by the speed at which such a... more

Companies