REFIRE — German Real Estate Finance

Listed Belgian Immobel enters German market with Frankfurt tower

The Belgian Immobel Group has bought the “Eden” residential tower project in the Gallus district of Frankfurt am Main, marking the group’s first entry into the German market. Read more

Boardroom struggle at TLG Immobilien as Ouram seeks changes

In our December issue of REFIRE, we speculated that Ouram Holding, controlled by Israeli investor Amir Dayan, was about to make a full takeover attempt for the German listed TLG Immobilien. Read more

AIM-Listed Summit Germany to list unit in Frankfurt IPO

The AIM-listed German commercial property group Summit Germany Ltd. confirmed earlier this month that it was exploring an initial public offering of its Summit Luxco unit on the Frankfurt Stock Exchange. Read more

Logistics expected to remain on wish lists in 2019

Logistics and industrial properties are expected to retain their charm for both domestic and foreign investors, with the latter group investing around €1.65bn more on balance in 2018, according to JLL. Read more

Instone boosts German residential pipeline to €4.5bn

German listed residential developer Instone Real Estate has signed to secure three further development projects in Germany, bringing its current pipeline of projects to about €4.5bn. Read more

Thomas Landschreiber - Corestate Capital

CORESTATE makes further move into serviced apartment segment

Luxembourg-headquartered and German-listed CORESTATE Capital has been entering new business segments on what seems like an almost quarterly basis for so long now that we shouldn’t be surprised to hear about the group’s latest thrust into... Read more

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First Austrian benchmark bond helps fuel merger speculation

Austrian listed property group Immofinanz bolstered its finances earlier this month when it placed €500m of fixed rate senior unsecured notes with a four year maturity and a 2.65% coupon. The net proceeds of the note issue will be used for the refina Read more

8 Feb 2019 10:00 Charles Kingston Companies

Record year for German real estate in 2018, but mood shifting

Last year marked a record year for German real estate, with around €77.3bn invested in real estate, of which €60.1bn was invested in the commercial real estate market, an increase of 6% y-on-y, according to CBRE. Read more

7 Feb 2019 10:00 Sara Seddon Kilbinger Markets

Activum SG Capital

Activum buys second German senior housing developer

European turnaround specialist ActivumSG Capital Management has bought WirtschaftsHaus, a major German developer of senior housing, to lead the sector in Germany with a €1.2bn pipeline of properties. No price details of the deal were given. Read more

6 Feb 2019 10:00 Charles Kingston Companies

Deutsche Hypo: change of mood rings in 2019

The year has kicked off with a change of mood, according to German lender, Deutsche Hypo - and with a healthy dash of scepticism to boot. Read more

5 Feb 2019 10:00 Sara Seddon Kilbinger Markets

Ernst & Young GmbH

Less forward deals, more profit-taking forecast in EY annual survey

Despite higher prices and a restricted supply, turnover on the German commercial property market reached €78bn in 2018, about 7% more than in 2017. But the high point in the cycle has been reached, according to the latest survey... Read more

4 Feb 2019 10:00 Charles Kingston Investment

stefan widua/unsplash

Heavy fall in number of German retail investment deals

The latest report on the German retail property investment market from CBRE shows that in 2018, just €10.5bn of retail properties in Germany changed hands, marginally above the long-term average but nonetheless a decline of 25% compared with 2017. Read more

31 Jan 2019 10:00 Charles Kingston Markets

UBS raises €1bn for second European infrastructure fund

UBS Asset Management said it had reached the final close of its second European infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II), raising €1bn within nine months of launch, thereby exceeding its initial target of €700m. Read more

30 Jan 2019 10:00 Sara Seddon Kilbinger Companies

Outlook for German occupier markets weaker as export growth cools

Capital Economics issued a note this week saying that the cooling in German export growth was leading to a poorer outlook for the German economy and increasing the downside risks for occupier markets. Read more

29 Jan 2019 10:00 Charles Kingston Markets