Companies
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
© Marco Santi Amantini - Fotolia.com
Benson Elliot sells back Gera housing unit to State of Thuringia at sizeable profit
In a deal which will be watched with interest by other foreign investors in German housing associations, the UK private equity fund manager Benson Elliot, acting on behalf of its pan-European fund Benson Elliot Real Estate Partners IV (BEREP IV)... Read more
Swiss Life Investment Management Holding AG
Swiss Life AM sets course for growth in Germany
Swiss Life Asset Managers has set the course for growth in Germany with the creation of a newly-founded company to oversee the entire real estate and securities business, it announced this month, along with a series of personnel changes in the group. Read more
© Groupe Pierre & Vacances-Center Parcs
Aroundtown raises fresh €600m, buys Blackstone Center Parcs for €1bn
Germany’s largest listed commercial real estate company Aroundtown SA is buying seven Center Parcs Europe holiday parks from Blackstone for about €1bn, in a deal that looks like it was brokered by Eastdil Secured. Read more
IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH
Germany’s mutual real estate funds top €100bn, new funds in pipeline
Net fund assets of all Germany’s open-ended mutual property funds came to €101.1bn at the end of this year’s first quarter, surpassing the €100bn level for the first time ever, new figures from Germany’s fund organization BVI show. The figure... Read more
Madison International Realty
Madison buy 5% stake in trophy Signa portfolio
Real estate private equity firm Madison International Realty has purchased a strategic 5% equity stake in Signa Prime Selection, a European real estate portfolio, through its Luxembourg vehicle MIELI II. The move gives Madison a stake in 87... Read more
TLG Immobilien AG
TLG raises fresh capital, revalues assets upwards by €400m
Listed Berlin commercial property investor TLG Immobilien booked a €400m upward revalutation of its property asset in the first half year, bringing its assets under management to €4.6bn. The revaluation derived largely from its Berlin properties... Read more
© maxoidos - Fotolia.com
German logistics sector livening up after modest Q1 start
Despite a relatively quiet start to the year, particularly in Q1 which saw a fall of nearly 40% year-on-year, the German logistics sector remains the third strongest commercial asset type, with a market share of 10%. Read more
Dr. Joachim Arenth
Benson Elliot buys three German retail centres from Brack for €175m
UK-based private equity real estate firm Benson Elliot has paid Brack Capital Properties (BCP) €175m for a portfolio of three German convenience retail assets. BCP is retaining a minority stake in the 100,600 sqm portfolio. Read more
© piyaset - Fotolia.com
IPSX exchange provides market for shares in single buildings
REFIRE met with Anthony Gahan, the founder of new real estate stock exchange IPSX last year at the Real Estate Finance Day at the Frankfurt Business School, and we were intrigued at the prospects for the fledgling business. Read more