Companies
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Phoenix Spree Deutschland sees difficult rental growth path ahead
The UK-listed Phoenix Spree Deutschland, which specializes in investing in Berlin residential property, presented half-year results this week which showed a drop in profit and rental income. The company maintained its interim dividend, while... Read more
10 Oct 2019
Kiefer, CC BY-SA
Garbe readies €600m flotation of industrial REIT Logistrial
German family-owned logistics property group Garbe Industrial Real Estate is planning to float its Logistrial property unit on the Frankfurt stock exchange as an industrial REIT, hoping to benefit from a boom in Germany's real estate market. Read more
7 Oct 2019
GALERIA Kaufhof GmbH
Signa raises further €1.2bn, plans Berlin store investment of €3.5bn
Austria’s privately-held retail and real estate company Signa Group raised €1.2bn in fresh equity during the month, with the proceeds targeted for pending acquisitions and developments (particularly in Berlin), and boosting its liquidity reserves... Read more
7 Oct 2019
Deutsche Wohnen
BayernLB issues record €700m bond for re-nationalisation of 6,000 units
Munich-based bank BayernLB issued the largest promissory note ever in the history of German real estate for the Berlin housing association Gewobag Wohnungsbau-AG, a €700m note (Schuldscheindarlehen) issued in partnership with LBBW Landesbank Baden-Wü Read more
4 Oct 2019
Alianz
Allianz in first-time deal managing equity investment for 3rd party
German insurance giant Allianz, the world’s third-biggest real estate investor, made a significant move on a Berlin office acquisition this month when, for the first time, its property subsidiary Allianz Real Estate will manage... Read more
3 Oct 2019
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ADLER merges with ADO Group
ADLER has agreed to acquire all the shares of ADO Group, a Tel-Aviv listed holding company and shareholder in ADO Properties, a €4.4bn GAV German-listed, residential real estate company focused on Berlin. Read more
1 Oct 2019
Hembla AB
Blackstone acquires Dream Global Real Estate Investment Trust for $4.7bn
Blackstone Group has acquired Canadian real estate trust Dream Global Real Estate Investment Trust for US$4.7bn, including debt, and its portfolio of real estate assets in Germany and the Netherlands, in an all-cash deal. Read more
30 Sep 2019
Corpus Sireo
DEMIRE boosts FFO by 40%, raises full-year forecast
In March this year, REFIRE published an article about the latest study by DEMIRE Deutsche Mittelstand Real Estate AG, the listed commercial property investor focused on secondary German cities, carried out by market researcher BulwienGesa. The... Read more
24 Sep 2019
Gateway Real Estate AG
Developer Gateway sells portfolio to pension fund for €242m
German listed commercial and residential property developer Gateway Real Estate sold a portfolio of 21 commercial properties to a Spezialfonds of a German pension provider earlier this month for €242m. The assets are all situated in “good downtown... Read more
19 Sep 2019
Vonovia SE
Vonovia with solid 1H figures, but Berlin politics remains major hindrance
Germany’s largest residential landlord Vonovia has sharply criticized the leaked plans of the Berlin Senate to impose a rental upper limit within its planned rent ceiling legislation. Read more
2 Sep 2019
