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Joint Venture

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Listed German residential real estate investor Adler Real Estate has initiated a joint venture with the private equity fund manager Benson Elliot Capital to sell off its non-core portfolio, valued at about €115m. more

Companies

Real Estate

© Tiberius Gracchus - Fotolia.com

The Bahrain-headquartered alternative investment manager Investcorp has just made its first investment in Germany by buying Bürocampus Wangen in Stuttgart from a BEOS fund, for about €80m. more

Companies

Boris Hardi - Oaktree

Boris Hardi

Given the hype surrounding blockchain technology and its most visible product Bitcoin, it was just a question of time until the first hybrid cryptocurrency and real estate fund came on the market. In fact, we discussed this very startup... more

Companies

Charles Balch - pbb

pbb

We report in this issue on a further decline in sentiment among German property financiers (see article on BF.Quarterly Barometer). However, not all traditional banks are retrenching completely from their regular financing hunting grounds. more

Companies

Berlin

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Phoenix Spree’s bet on the Berlin market has paid off: the UK-listed investment company specialising in German residential real estateachieved an NAV total return of 53% in 2017, in a sign that Berlin can generate hefty returns. more

Companies

Acquisitions, Contracts and Deals

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Smyths Toys has agreed to acquire more than 90 Toys “R” Us stores in Germany, Austria and Switzerland for an undisclosed sum, in a move that will almost double the size of the Irish family-owned retailer. more

Companies

Risk, Stock market

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A new listed German commercial real estate company will soon be gracing the ranks of Frankfurt's stock market-quoted sector with the launch – likely on or around April 5th– of Godewind Real Estate. more

Companies

Charles Balch - pbb

pbb

Pbb Deutsche Pfandbriefbank has readjusted its profit forecasts for 2018 by up to 25%, citing increased competition in the German marketplace. more

Companies

Roland Fuchs - Allianz Real Estate

Allianz

Allianz’s global real estate portfolio hit a new record high of €56b of AUM last year, putting it firmly on track to reach its target of €75b by the end of 2020, Annette Kröger, CEO of Allianz Real Estate North and Central Europe, told REFIRE... more

Companies

Martin Herkenrath - OMEGA

© OMEGA Immobilien Gruppe / Lutz Voigtländer Fröbus GmbH

Property management group Yxime, which is part of the French family-owned Duval Group, is setting up a joint venture with Cologne-based Omega Immobilien to provide clients access to the German property market. more

Companies