Companies
Companies
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Allianz deepens commitment to logistics sector with VGP tie-up
Allianz Real Estate, a subsidiary of the giant German insurer via US corporation PIMCO, is tying up in a joint venture with Czech-based group VGP to invest up to €3bn in logistics real estate over the next five years. It's the fourth joint-venture de Read more
13 Jan 2022
© Reuters
CPI Property eyeing 'undervalued' Immofinanz in latest expansion drive
Here we go again, yet another battle among, between, for and against the usual suspects on the Vienna market for listed property companies. But this time there's a new invader, this time from the Czech Republic, who's lining up a bid for listed... Read more
20 Dec 2021
© rawf8
Investor sentiment turns negative as views on rental markets weaken
Deutsche Hypo's Real Estate Climate Index, which we track faithfully here at REFIRE, saw a trend reversal in December as investors's sentiment towards the market turned negative, moved primarily by their view of rental markets. Read more
19 Dec 2021
Hembla AB
Optimum and Blackstone team up in JV to deepen German investment
Luxembourg-headquartered private equity investment group Optimum Asset Management and global alternative investment manager Blackstone have combined in a new joint venture to buy a 30-asset real estate portfolio in Germany, valued at about €800m. Read more
16 Dec 2021
© DEMIRE
DEMIRE heading for sale by major shareholders Apollo and Wecken
Listed German commercial property investor DEMIRE looks like it's going to be the next listed company to be swallowed up by private equity, after the recent majority acquisition of Alstria Office REIT-AG by Brookfield Group. Read more
22 Nov 2021
Brookfield
Alstria supports Brookfield's €3.5bn offer to take company private
The rumours of an Alstria Office REIT-AG takeover, which we reported on in REFIRE back in August, have proved indeed to have substance to them, despite denials by Alstria of ongoing negotiations at the time. Read more
10 Nov 2021
CTP
CTP moves into German logistics market with €800m takeover of DIR
Amsterdam-listed pan-European logistics specialist CTP is making a move into the German logistics property market through an €800m takeover of Deutsche Industrie REIT (DIR). Read more
10 Nov 2021
© PR / Aareal Bank
Aareal Bank confirms takeover talks with private equity groups
The Wiesbaden-Aareal Bank confirmed rumours that it is in negotiation with a group of private equity investors for a sale of the bank. The bank's share price shot up by nearly 20% when it made an obligatory response as to whether it was talking... Read more
10 Oct 2021
© BaFin
Trouble ahead for Adler Group as it defends against fraud charges
There's real trouble brewing at German listed property company Adler Group after renowned UK short-seller Fraser Perring and his Viceroy Research group published a 60-page document accusing Adler of grossly manipulating its balance sheet... Read more
10 Oct 2021
Sirius Real Estate Limited
Sirius Real Estate sees rent roll jump 12% as stock hits new highs
Sirius Real Estate, the operator of branded German business parks, said in a trading update that its annualised rent roll in the six months to September 30th was €99.7 million, up 12% from €89.2 million in the same period last year and up 3.3% from € Read more
7 Oct 2021
