Companies
Companies
TLG IMMOBILIEN AG
Primonial rebrands European platform and targets place among top ten
French asset management group Primonial Group, still relatively unknown in Germany, is bundling all its European country groupings together under one common umbrella. Its four separate operations in France, Germany, Luxembourg and Italy will in... Read more
23 Sep 2021
© Frank Rumpenhorst/dpa
Berlin communalises 14,750 apartments for €2.5bn before referendum
The city of Berlin has finalised a deal, after months of negotiations, to communalise a major portfolio of housing to add to its city-managed stock. The deal will see three state-owned companies taking control of 14,750 apartments and 450 commercial Read more
20 Sep 2021
© Anne Wall
Patrizia sells two major food retail portfolios as prices surge
German asset and property manager GPEP GmbH has bought a portfolio of 51 food discount stores, supermarkets, specialist stores, hypermarkets and retail parks on behalf of an institutional investor, The seller was Patrizia AG, likewise acting for a nu Read more
30 Aug 2021
© weedezign - Fotolia.com
ALDI restructures real estate competencies to bolster city expansion
German discount grocer ALDI SÜD is revamping its approach to shop development to simplify its dealings with cities, municipalities and investors, in particular for its city-centre locations. Read more
19 Aug 2021
©dpa
LEG sees 3% rent rise, revalues properties by 7.5%
Listed housing company LEG Immobilien joined its peers in posting higher revenues in the first half-year thanks to rising rents, lower vacancies and the integration of recent acquisitions. It managed to boost its FFO1 operating profit by 12.1% to €21 Read more
17 Aug 2021
© liufuyu
Rumours of Canada's Brookfield exploring Alstria takeover
Rumours have been swirling around Germany's first-ever REIT, Alstria Office REIT-AG for several weeks, which has led to a steady - and then sudden - rise in the share price. Canadian investment firm Brookfield Asset Management is thought... Read more
8 Aug 2021
© JLL
Pure-play Berlin resi investor Phoenix Spree sees valuation rebound
We studied with interest an update by London-listed Phoenix Spree Deutschland (PSD), which can be viewed as a pure-play on Berlin residential housing. The share price has been in solid recovery mode since plumbing the depths at the onset of the pande Read more
8 Aug 2021
© Frank Rumpenhorst/dpa
Vonovia returns for third attempt with improved offer for Deutsche Wohnen
After announcing a renewed takeover bid for its competitor Deutsche Wohnen, Germany's largest real estate group Vonovia presented figures for the second quarter of the current fiscal year, which sees continued growth in its main business. Read more
8 Aug 2021
© x-bricks
x+bricks buys a further €1bn from partner SCP's old REAL stores
Aggressive investment group x+bricks is about to nearly double its holding of German supermarkets by buying a further 34 megastores from the old Metro hypermarkets previously operated under the now-defunct REAL brand. The value of the deal is put at Read more
8 Aug 2021
kenishirotie
Covivio buys for €130m in HPBA-brokered off-market deal
In a significant Berlin residential deal, Covivio paid €130m for a portfolio containing 490 residential and 62 commercial units. The seller was Luxembourg investment manager Threestones Capital, and both sides were advised by specialist... Read more
28 Jul 2021
