Companies
Companies
© BaFin
€1bn property fraud scandal heaps further pressure on German watchdog
Germany is bracing itself for possibly the biggest real estate fraud of the last decade, with investors worldwide likely to lose their entire investments. The case of German Property Group (GPG), based in Langenhagen near Hanover, is likely... Read more
11 Nov 2020
© Akelius GmbH
Akelius sees end of ‘good times’ for residential price appreciation
Swedish listed housing investor Akelius published its nine-month accounts recently, and noticeable was the lack of any residential price appreciation on its considerable Berlin and Hamburg housing assets. The company has largely abandoned... Read more
11 Nov 2020
Sirius Real Estate Limited
Space letting enquiries jump at business park operator Sirius Real Estate
Sirius Real Estate, owner and manager of branded business parks throughout Germany, issued a recent trading statement to end of September to update investors as to how it was faring with COVID-19. The company, listed in both London and... Read more
11 Nov 2020
© DEMIRE
DEMIRE hives off 13 properties for €85m, above book value
German listed commercial property landlord DEMIRE has sold a total of 13 properties in seven transactions as part of its strategic portfolio streamlining in a flurry of activity since June. Read more
9 Nov 2020
© Thomas Landschreiber
New Winter/Landschreiber vehicle to target ‘innovative resi’ deals
Just when it looked as if ex-Corestate founder Ralph Winter and his old colleague from their Cerberus days Thomas Landschreiber were turning their attentions – or indeed their substantial fortunes - to faraway climes, the two have joined up again... Read more
9 Nov 2020
© Lars Wiederhold
EQT selling facilities manager Apleona – or possible IPO?
Swedish buyout group EQT has initiated the sale of facilities manager Apleona, previously part of industrial services group Bilfinger, for a price thought to be up to €2 billion. Read more
4 Nov 2020
© Frankfurt Stock Exchange
Market uncertainty prompts IPO cancellations
Berlin-based Velero Immobilien AG, a property management service provider in the German residential real estate market, said this week that it was cancelling its proposed stock market listing scheduled for 27th October given the... Read more
3 Nov 2020
© Barton Group
Barton Group sees €65m in commitments for second resi fund
German family-run real estate manager Barton Group has received over €65m in capital commitments for its Barton Wohnen Deutschland II open Spezialfonds. Read more
3 Nov 2020
© Frankfurt Stock Exchange
Resi specialist Velero plans capital increase and IPO by year-end
Berlin-based Velero Immobilien AG, a property management service provider in the German residential real estate market, said last week it is planning its IPO on the regulated market (Prime Standard) of the Frankfurt Stock Exchange... Read more
13 Oct 2020
©eu-startups
Demand for change of usage of properties sees upward surge
In the ongoing debate about the future of offices in the wake of the coronavirus and the widespread adoption of at least a certain amount of working from home, reports of the physical adaption of property for alternative uses... Read more
12 Oct 2020
