Companies
Companies
realestate.union-investment.com
Union Investment broadens investor base among European institutionals
Union Investment, the giant fund manager that operates as the investment arm of the co-operative DZ Bank, has released figures for its buying and selling activity throughout 2022. It's clear the group has been holding back on acquisitions and its usu Read more
4 Feb 2023
Cushman & Wakefield
Deal volume in 4Q plummets to lowest level in 10 years
The deal volume in Germany in the fourth quarter of 2022 plummeted by 41% to the lowest level in 10 years, as investors tightened their purse strings and decided to wait out the economic storm. Read more
1 Feb 2023
Neho
Swiss hybrid broker the latest to enter fraught German residential market
Just when potential residential property buyers are retreating in droves from the marketplace, another new foreign-owned broker group has arrived in Germany to try its luck in grabbing a piece of the broker commission pie. This time it's Swiss hybri Read more
31 Jan 2023
colliers.com
Optimistic brokers hoping for recovery by summer after gloomy first half
The year 2022 for German brokers was not so much a year of two halves, as a year of two-thirds, one-third - with the last third giving a foretaste of what much of 2023 may well be about. While most brokers are putting a good spin on things, confiden Read more
16 Jan 2023
Grossmann & Berger
Logistics continues to buck trend with record take-up in 2022
It was a sluggish year for German real estate in 2022 but for some asset classes, such as logistics, it is full-steam ahead. This month (December), LIP Invest, a logistics fund manager in Germany, acquired a new logistics building in Giengen an der Read more
14 Jan 2023
Galeria Karstadt Kaufhof / www.finance-magazin.de
Galeria insolvency – department store dilemma calls for hybrid solution
Galeria Karstadt Kaufhof, the last major German department store group still in operation, has filed for insolvency for the second time in two years, in an increasing sign that to succeed, retail needs to become a more diverse hybrid offering. Earlie Read more
16 Dec 2022
nrep.com
Nordic NREP plan €500m German expansion with logistics and residential
Nordic investment group NREP is making its first foray into the German market with a €500m investment plan, and the opening of two offices simultaneously - in Frankfurt and Munich. The move follows the acquisition last year of lending business Flins Read more
15 Dec 2022
mmwarburg.de
Münchener Hyp swallows up Warburg Hypothekenbank
Hamburg private bank M.M. Warburg has sold its mortgage financing arm Warburg Hypothekenbank to Münchener Hypothekenbank (Münchener Hyp). Warburg held a 60% stake in the subsidiary, while the second shareholder with a 40% stake, the Luneburg-based La Read more
15 Nov 2022
leg-wohnen.de
Listed Vonovia and LEG slash investment and maintenance spending
Germany's two largest residential property owners, Vonovia and LEG Immobilien, have independently announced plans to drastically cut back their investment plans for 2023, cancelling all new possible acquisitions and ending any previously considered c Read more
14 Nov 2022
Sirius Real Estate
Sirius Real Estate locks in new lending rate a year ahead of time
Sirius Real Estate, the operator of German branded business parks, has locked in a new extension to a €170m refinancing facility with lender Berlin Hyp, about a year in advance of the facility's expiring next year. The new seven-year facility agreed Read more
12 Oct 2022
