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Vonovia

Rolf Buch - Vonovia

Vonovia SE

Germany’s biggest residential landlord, Vonovia, has outbid Starwood Capital to offer around €900m for a stake in Swedish residential group, Victoria Park, thereby cementing the latest step in its strategy to grow the business outside Germany. more

Companies

Frankfurt

© science photo - Fotolia.com

Austrian property group CA Immo has rejected a partial takeover offer by US investment firm Starwood Capital Group, it said last week. 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

Michael Zahn

DEUTSCHE WOHNEN

German house prices are on the up again, rising by 5.5% on average last year, according to Postbank’s Housing Atlas 2018, published this month. more

Markets

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

Rolf Buch - Vonovia

Vonovia SE

Germany's largest residential property owner, the Bochum-headquarter listed Vonovia, and the French group SNI have agreed to a partnership to “merge know-how and market expertise and identify common opportunities for growth and investment”. more

Companies

Philip Grosse - Deutsche Wohnen

Deutsche Wohnen AG

Germany’s second largest listed landlord Deutsche Wohnen has reported consolidated group profit of €672m in the first half of 2017, up from €647.2m in the same period last year, it announced in August. more

Companies

Rolf Buch - Vonovia

Vonovia SE

Germany's biggest residential landlord Vonovia has reported an increase in core profit (FFO 1) of 18% to €457.7m in the first half of 2017, it announced this month. Vonovia attributes the growth to its billion-euro investment program and organic... more

Companies

Rolf Buch - Vonovia

Vonovia SE

As it gets ever more difficult to find residential portfolios at the right price, the larger players are looking at creating their own new stock of housing, and benefiting from the extra margin accruing to developers in Germany's bubbling housing... more

Companies

Andreas Segal - Deutsche Wohnen AG

Deutsche Wohnen

Listed German-Austrian full-service housing provider BUWOG will next week conclude a cash capital increase by offering a total of up to 12.5 million Buwog shares with a subscription ratio of 1:8. more

Companies

Philip Grosse - Deutsche Wohnen

Deutsche Wohnen AG

Germany's second-largest publicly listed residential property company Deutsche Wohnen reported a strong start to the year with an increase in most of its key perfromance indicators, and confirmed its forecast for the full year, independent of any... more

Companies

Andreas Dombret - Bundesbank

Deutsche Bundesbank

Is a German property bubble on the cards? Germany’s central bank (Bundesbank) seems to think so and sounded an alert earlier this month, citing low interest rates and banks chasing yields. more

Markets

Michael Bickford - Round Hill Capital

Round Hill Capital LLC

The UK-based private equity group Round Hill Capital has kicked off a new strategy of investing in German residential housing by buying a portfolio of 114 units in Hamburg, the first in what it says will be a string of investments in 15 German... more

Investment

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

Christian Schulz-Wulkow - EY

Ernst & Young GmbH

Demand for German real estate will remain high through 2017, led by the search for good office space in Berlin, Stuttgart, Hamburg and Munich – while in the residential sector, Frankfurt will see the strongest demand, according to the latest Real... more

Markets

Deal

© Reicher - Fotolia.com

The DAX-listed German residential property investor and manager Vonovia SE has succeeded in gaining the minimum acceptance threshold of 50% plus one share in its takeover offer for listed Austrian group Conwert Immobilien. Official notification of... more

Companies

Philipp Schaper - Patrizia

Patrizia

The Augsburg-headquartered Patrizia Immobilien confirmed that it was the purchaser of the 'multi hundred million euro' German residential portfolio located in western Germany from Bouwfonds Investment Management last month. Patrizia bought the... more

Companies

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

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