Companies
Aareal Bank AG
Aareal under pressure from activist investors to sell off software unit
Pressure is increasing on the top management at leading real estate lender Aareal Bank to sell off its software unit Aareon, as an activist investor in the bank pushes the bank to reverse its strategy and threatens to call an extraordinary general... Read more
11 Nov 2019
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European real estate investment still driven by falling bond yields
New research from property advisor Savills underlines how lower government bond yields have been the influential driver of office yield compression across Europe’s markets, with its subsequent huge impact on the lending community across Europe Read more
7 Nov 2019
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Primonial chips in €40m to Catella maiden residential fund
French investment manager Primonial REIM has committed €40m to Catella’s very first pan-European residential fund, marking the first investment in the vehicle from outside Germany, said Catella Residential Investment Management... Read more
5 Nov 2019
REFIRE - Florian Glock
Garbe and NDC in joint venture for faster and greener data centres
German companies Garbe Industrial Real Estate and NDC Data Centers have teamed up to develop sustainable data centres for the European market. Read more
1 Nov 2019
Fast-spending Henderson Park clinches two fresh German deals
European private equity real estate investor Henderson Park has cut several sizeable deals this month, two of which represent a big vote of confidence in the German real estate market. Read more
14 Oct 2019
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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
