REFIRE — German Real Estate Finance

‘Die Welle’ and ‘Taunusanlage 8’ sales in Frankfurt bring huge returns

It's been a big month for Frankfurt office property with the sale in June of two of the most prominent office buildings in the city – booking big profits for their owners after what is in effect a very short period of ownership. Read more

Residential housing prices continue steady rise

New figures released last week by the Statistische Bundesamt, Germany’s Federal Statistics Office, confirm that prices for houses and apartments in Germany continued to rise throughout the early part of the year, with areas outside the bigger... Read more

Benson Elliot buys three German retail centres from Brack for €175m

UK-based private equity real estate firm Benson Elliot has paid Brack Capital Properties (BCP) €175m for a portfolio of three German convenience retail assets. BCP is retaining a minority stake in the 100,600 sqm portfolio. Read more

Cabinet adopts bill on land reform

Germany’s Federal Cabinet has adopted the law on property tax - orGrundsteuer- reform by ‘circulation procedure’, paving the way for a discussion in the Bundestagthis week. Read more

IPSX exchange provides market for shares in single buildings

REFIRE met with Anthony Gahan, the founder of new real estate stock exchange IPSX last year at the Real Estate Finance Day at the Frankfurt Business School, and we were intrigued at the prospects for the fledgling business. Read more

Refinancing is on the up

Refinancing is on the up, according to JLL’s German Real Estate Finance Index (DIFI) for the second quarter, published this week. Read more

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Investcorp powers ahead with more German office buys

Investcorp, the Bahrain-based manager of alternative investment products, has bought the Airport Centre, a multi-let office and light industrial property located in Hamburg, for a price of about €85 million. Read more

8 Jul 2019 10:00 Charles Kingston Investment

Germany’s investable hotel market hits record high

The size of Germany’s investable hotel market has hit a record high of €57.5b, marking an increase of almost 10% last year, according to research published this month by Union Investment and Bulwiengesa. Read more

5 Jul 2019 10:00 Sara Seddon Kilbinger Markets

Proptechs Exporo, McMakler raise record sums in new financing rounds

It’s been a good month for German property fintech startups, with several big new fundraising rounds, including online broker McMakler and crowdfunding specialist Exporo. Read more

4 Jul 2019 10:00 Charles Kingston Markets

GALERIA Kaufhof GmbH

SIGNA takes full control of Galeria Karstadt Kaufhof from Hudson Bay Co. for $1.5bn

Austria’s Signa Group has taken control of German department store chain Galeria Karstadt Kaufhof from Canada’s Hudson Bay Company’s (HBC) by acquiring its 49.99% stake in the recently merged chain for $1.5b, HBC announced this month. Read more

3 Jul 2019 10:00 Sara Seddon Kilbinger Companies

Empira Asset Management GmbH

Looming shortage of office space in Germany’s big cities - report

A new study by investment manager Empira highlights how the construction of new office space in Germany’s bigger cities is lagging demand, and will soon lead to noticeable space shortages, despite a rising level of project developments. Read more

2 Jul 2019 10:00 Charles Kingston Markets

Stefan Aumann

Blockchain: could it provide the shake-up Germany’s real estate market needs?

Blockchain is starting to filter through to the German real estate market, with many in the industry hoping to gain a major competitive edge if they embrace it head-on. While information such as real estate prices, comparable lease rental rates... Read more

1 Jul 2019 11:22 Sara Seddon Kilbinger Markets

Attractive risk-return profiles in mid-sized southern German cities

A comprehensive new report by the Munich office of consultants Wüest Partner Deutschland highlights the attractive risk-return profiles of many smaller southern German cities. While investors often think of Stuttgart and Munich as being the... Read more

28 Jun 2019 10:00 Charles Kingston Markets

AviaRent Invest AG

AviaRent launches new €500m assisted living fund

AviaRent Capital Management, which specializes in social infrastructure funds, is teaming up with developer and operator Convivo to launch it its new open-ended Spezialfonds, “Care Vision IV”, targeting an investment volume of €500m. Read more

27 Jun 2019 10:00 Charles Kingston Companies