Jan Linsin - 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

23 Nov 2016 10:00 Markets

Arndt Krienen - Westgrund


Listed German housing group Adler Real Estate is issuing about €150m of convertible notes to finance existing loans and bonds with higher interest rates, fund acquisitions and modernise the company’s portfolio. more

17 Jun 2016 10:00 Companies



It's been a busy couple of months for Berlin-based Velero Partners, which was established last year by a trio of residential real estate specialists. In two separate transactions in March and April, the company closed on a portfoio of 455 units in... more

26 May 2016 10:00 Investment

Arndt Krienen - Westgrund


The listed Frankfurt-based Adler Real Estate, much in the news and in these pages recently for its unwelcome flirtation with Austria's conwert Immobilien, reported mixed results for the full-year 2015. It saw net profit fall 30% to €78m but... more

11 May 2016 10:00 Companies

Shareholder, Numbers, Figures

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The dispute over board membership between listed residential real estate companies Adler Real Estate and Austria's conwert Immobilien (as reported in last month's REFIRE) was peacefully resolved at the last minute in mid-March, and so it's a... more

2 May 2016 10:00 Companies

Sascha Giest, Thomas Lange und Frank Wildhirt - Velero Partners GmbH

Velero Partners GmbH

A new company has just set up in Berlin, bringing a number of familiar faces back into the world of residential real estate investment. Velero Partners will focus on buying, managing and selling residential property across Germany for its own book... more

20 Oct 2015 10:00 Companies

Dr. Konrsd Kanzler - NAI Apollo

NAI Apollo Group

It's not just Germany's retail real estate sector that is hitting record levels in the first half of the year. Research figures in from advisory group NAI apollo show that investment in Germany’s residential portfolio market posted record... more

7 Sep 2015 10:00 Markets

Student apartment

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Student housing manager Deutsche Real Estate Funds (DREF) has raised €44m through Germany's first student housing bond issue, The five-year 'Deutsche Studenten Wohn Bond I' carries a coupon of 4.675% annually, and was subscribed to by exclusively... more

14 Jul 2015 11:52 Markets

Residential Germany Apartment

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Some 304,000 German apartments were traded in portfolio transactions of over 800 units last year, the same strong level as in 2013, says the BBSR specialist federal institute. It expects another strong year for 2015. more

2 Jul 2015 10:00 Markets


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Hamburg-based residential real estate investor Adler Real Estate has capped its recent meteoric growth by seeing its path cleared to a friendly takeover of fellow residential specialist Westgrund. The merger of the two companies will see the emergenc more

21 May 2015 10:00 Companies

Arndt Krienen - Westgrund


We reported recently in REFIRE on how the small listed Berlin-based residential housing investor Westgrund AG had practically tripled in size overnight when it acquired 13,300 apartments from Berlinovo, a legacy portfolio held by the state of Berlin. more

10 Dec 2014 10:00 Companies

Ulrich Jacke - Dr. Lübke & Kelber

Dr. Lübke & Kelber

A new study by Frankfurt-based residential brokers Dr. Lübke & Kelber shows that German residential investment volume reached €9.7bn in the first nine months of this year, up 14% on last year. Of this, 82% (140,300 units) was transacted in... more

23 Oct 2014 10:00 Markets

Arndt Krienen - Westgrund


After the largest German residential deal for several months, Westgrund said that about 12,000 of the residential units and 63 commercial properties will be integrated into its existing holdings, with the rest (mainly in Neubrandenburg and... more

2 Sep 2014 10:00 Investment

Arndt Krienen - Westgrund


The most significant residential deal over the past couple of months saw listed residential property investor Westgrund nearly triple its holdings, when it paid about €390m for nearly 13,300 apartments from berlinovo, a company majority-held by... more

6 Aug 2014 10:00 Markets