Companies
Companies
© chuyu2014
Primonial targets €1bn with AviaRent for social infrastructure fund
French real estate asset manager Primonial Group has launched European Social Infrastructure (ESI), a pan-European open-ended real estate fund dedicated to social infrastructure, including healthcare, educational facilities and affordable housing. Read more
2 Jul 2020
© www.asscompact.de
Real IS buys 15% of intermediary REAX to access secondary fund market
Fund service provider Real I.S. has bought a minority share in Hamburg-based investment intermediary Real Exchange (REAX) in a clear sign that it expects high future growth in the secondary market for real estate funds. Read more
26 Jun 2020
© TLG
Aroundtown to buy back €500m of its own battered shares
Aroundtown SA, now Germany’s largest commercial real estate company, said it planned a share-buy-back program for up to 120 million shares, beginning this June until September. Read more
24 Jun 2020
Sirius Real Estate Limited
Sirius commits to dividend, sees NAV rise by 8.9%
Sirius Real Estate, owner and manager of branded business parks throughout Germany, decided in May to press ahead with its dividend payment following improving levels of rent collection in April and early May, against a background of an easing of... Read more
16 Jun 2020
Skjerven Group
Skjerven continues buying Berlin residential for Heimstaden
Swedish housing group Heimstaden Bostad AB has continued its buying spree of Berlin residential accommodation with another sizeable investment, paying scant attention to the negative headlines emanating from the German capital after its... Read more
16 Jun 2020
© BaFin
BaFin expects "significantly increasing" need for value adjustments
Germany’s financial supervisory authority BaFin expressed concern about the banks in the Corona crisis, saying that loan defaults could hit the financial institutions hard. However, a systemic crisis is not imminent, it said in a recent... Read more
16 Jun 2020
©Rido81 - envato elements
End of the road for mooted merger of LEG with TAG Immobilien
After a brief flurry of excitement, in which it looked as if listed German housing heavyweights LEG and TAG Immobilien were considering a merger, the mooted deal would now appear to be definitely off the table – amicably, if insider reports... Read more
28 May 2020
Greenman Investments
Greenman’s food-anchored assets performing well through coronavirus
It’s nearly ‘business as usual’ for Irish food-retail investment specialist Greenman Open which recently arranged financing of €49.5m for a portfolio of Kaufland-anchored real estate assets from German banks Mittelbrandenburgische Sparkasse (MBS)... Read more
11 May 2020
© Wolfram Kastl/DPA
Hard-pressed retailers pushing to cut rent to landlords by 50%
Germany’s Retail Trade Association - Handelsverband Deutschland (HDE) - is digging in its heels on the sensitive issue of rents, arguing that stores that were forced to close during the Corona crisis should only pay 50% of their... Read more
11 May 2020
© www.immonet.de
Calls to introduce digitally notarised contracts getting ever louder
The corona pandemic may have put transactions on hold for thousands of pending property deals, but the laws on opening still do permit the visit to the notary for the compulsory official closing and certification, which has traditionally... Read more
11 May 2020
