Investment
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TLG Immobilien buys stake in Aroundtown, mulling full merger
Listed Berlin commercial property investor TLG Immobilien AG bought a nearly 10% stake in fast-growing rival real estate company Aroundtown AG for just over €1bn, and is contemplating a full merger with the company, which would create one of... Read more
Tino Pohlmann
Instone, Commodus both buy Bavarian developers
Listed German residential property developer Instone Real Estate made two significant moves in August, further consolidating its in-house competencies and geographic reach. Read more
BEOS AG
BrickVest launches second co-investment EPF for BEOS employees
London-based online real estate platform BrickVest has set up a second commercial property employee participation fund in partnership with German commercial property specialist BEOS. Read more
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Angelo Gordon, Ares, line up new European value-add funds
Two big American-led real estate funds are gearing up to target western European sub-performing debt and assets over the coming months. Both companies have a strong local presence throughout Europe, and plenty of experience in raising funds to... Read more
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French group Primonial buys 20-asset German senior care portfolio
French fund and asset manager Primonial REIM has acquired 20 senior care facilities in Germany from EQT Infrastructure on behalf of its healthcare and educational fund SCPI Primovie, in a sale-and-leaseback agreement. Read more
pbb Deutsche Pfandbriefbank
pbb financing Berlin and Frankfurt towers, Berlin Hyp’s green bond
Munich-based property financing bank pbb Deutsche Pfandbriefbank provided the financing for two of Germany’s more prominent office assets this month, the Pressehaus am Alexandraplatz in Berlin and the four towers making up the FOUR Frankfurt project. Read more
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NorthStar Europe swept up by AXA for €1.1bn for single client
After what must have been a complicated bidding process, given the valuable assets up for grabs, the Paris-based AXA Investment Managers - Real Assets emerged as the winner for a portfolio of prime European offices worth €1.1bn with the... Read more
Harbert Management Corporation
Harbert, Scannell among US companies beefing up for fresh acquisitions
Two American companies gearing up for further expansion into Europe include the Alabama-based Harbert Management Corporation (HMC) and, from Indianapolis, investor and developer Scannell Properties. Read more
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NAS Invest finances €120m Nüremberg deal with Münchener Hyp
Independent German investment and asset management company NAS Invest closed on its biggest deal and one of the city of Nüremberg’s biggest office transactions, when it bought the multi-tenanted Air Campus office property for €120m. Read more
VILICO Investment Service GmbH
New fund launch to tap into highest-yielding German property companies
The Hamburg-based boutique Vilico Investment Service GmbH and KVG Hansainvest have jointly launched a distribution-oriented equity fund "Immobilien Werte Deutschland", to tap in to the highest-yielding German dividend-paying real estate companies. Read more