RSS

Adler Real Estate

Berlin

© JFL Photography - Fotolia.com

Germany’s residential market is becoming increasingly differentiated as interest in the sector heats up, Dr. Konstantin Kortmann, head of residential investment at JLL Germany, told REFIRE. Read more

Markets

Joint Venture

© fovito - Fotolia.com

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. Read more

Companies

Residential Property Germany

© Stockfotoart - Fotolia.com

We reported last month that German-listed residential firm Adler Real Estate was paying €540 for a stake of up to 70% in the €1.6gn Tel-Aviv listed and Amsterdam-headquartered Brack Capital Partners... Read more

Investment

Real Estate

© Tiberius Gracchus - Fotolia.com

German listed residential firm Adler Real Estate is paying €540m for a stake of up to 70% in the €1.6bn Tel Aviv-listed German-focused Brack Capital Properties (BCP). Read more

Investment

Development

Tiberius Gracchus - Fotolia.com

Adler Real Estate has acquired a majority stake in the ‘Wasserstadt Mitte’ development comprising around 700 apartments in Berlin for €120m. Read more

Companies

Arndt Krienen - Westgrund

WESTGRUND AG

Listed German residential investor Adler Real Estate has sold its likewise-listed residential privatisation subsidiary Accentro Real Estate to a fund managed by Vestigo Capital Advisers, for a price of about €180m. Read more

Companies

Deal

© Reicher - Fotolia.com

The DAX-listed German residential property investor and manager Vonovia SE has succeeded in gaining the minimum acceptance threshold of 50% plus one share in its takeover offer for listed Austrian group Conwert Immobilien. Official notification of... Read more

Companies

Jan Linsin - CBRE

CBRE

According to property advisers CBRE, the first nine months of the year saw turnover in portfolio residential transactions (of 50 or more housing units) of about €7.2 billion. This is fully €11.3 billion less than in the first three quarters of... Read more

Markets

Alexander Porschowsky - Conwert

conwert Immobilien Invest SE

Austrian listed Conwert Immobilien, in the process of being taken over by Germany’s largest property company Vonovia, has sold a large chunk of its commercial property portfolio to an unnamed international group of investors for €335m, which it... Read more

Investment

Arndt Krienen - Westgrund

WESTGRUND AG

Listed German housing group Adler Real Estate is issuing about €150m of convertible notes to finance existing loans and bonds with higher interest rates, fund acquisitions and modernise the company’s portfolio. Read more

Companies

Sascha Giest - VELERO PARTNERS

VELERO PARTNERS

It's been a busy couple of months for Berlin-based Velero Partners, which was established last year by a trio of residential real estate specialists. In two separate transactions in March and April, the company closed on a portfoio of 455 units in... Read more

Investment

Arndt Krienen - Westgrund

WESTGRUND AG

The listed Frankfurt-based Adler Real Estate, much in the news and in these pages recently for its unwelcome flirtation with Austria's conwert Immobilien, reported mixed results for the full-year 2015. It saw net profit fall 30% to €78m but... Read more

Companies

Shareholder, Numbers, Figures

© piyaset - Fotolia.com

The dispute over board membership between listed residential real estate companies Adler Real Estate and Austria's conwert Immobilien (as reported in last month's REFIRE) was peacefully resolved at the last minute in mid-March, and so it's a... Read more

Companies

Dr. Wolfgang Beck - Conwert Immobilien

Conwert Immobilien Invest

The Vienna-listed residential and commercial property investor Conwert Immobilien Invest said it surpassed its sales target for non-core assets during 2015, and expects a further €300-350m of disposals this year. In a statement the company said it... Read more

Companies

Adler Real Estate - Axel Harloff

Adler Real Estate AG

Shareholders in Frankfurt listed Adler Real Estate have approved a €175m convertible bond designed to finance the €285m purchase of a 25% stake in Austrian listed peer conwert. Read more

Companies

Sascha Giest, Thomas Lange und Frank Wildhirt - Velero Partners GmbH

Velero Partners GmbH

A new company has just set up in Berlin, bringing a number of familiar faces back into the world of residential real estate investment. Velero Partners will focus on buying, managing and selling residential property across Germany for its own book... Read more

Companies

Adler Real Estate - Axel Harloff

Adler Real Estate AG

Austrian listed residential property investor has scarcely been out of the headlines these past six months, featuring regularly in these pages as both a takeover candidate and (most recently) as a suitor itself, weighing up and then rejecting... Read more

Companies

Dr. Konrsd Kanzler - NAI Apollo

NAI Apollo Group

It's not just Germany's retail real estate sector that is hitting record levels in the first half of the year. Research figures in from advisory group NAI apollo show that investment in Germany’s residential portfolio market posted record... Read more

Markets

Student apartment

© Kitty - Fotolia.com

Student housing manager Deutsche Real Estate Funds (DREF) has raised €44m through Germany's first student housing bond issue, The five-year 'Deutsche Studenten Wohn Bond I' carries a coupon of 4.675% annually, and was subscribed to by exclusively... Read more

Markets

Residential Germany Apartment

© Stockfotoart - Fotolia.com

Some 304,000 German apartments were traded in portfolio transactions of over 800 units last year, the same strong level as in 2013, says the BBSR specialist federal institute. It expects another strong year for 2015. Read more

Markets