Alexander von Cramm
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Newly-merged Prime Office starts life with fresh €130m capital
The company, created out of the merger between listed Prime Office REIT AG and OCM Real Estate, a unit of US private equity firm Oaktree, expects to issue 50.2m new shares in a cash-raising exercise offering pre-emptive rights to existing... Read more
Sale of landmark Munich asset sees Prime Office on target for merger
Prime Office REIT AG, one of Germany’s handful of REITS which is in the process of merging with OCM German Real Estate Holding in a move which will see the company lose its REIT status, sold one of its major assets, the headquarters of the... Read more
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Prime Office REIT and Oaktree merger deal clears final hurdle
It now looks to be plain sailing for the proposed merger between Munich-based Prime Office REIT and OCM (German Acorn), the subsidiary of US private equity investor Oaktree, with both the recent Prime Office shareholder meeting and Germany’s... Read more
Prime Office REIT-AG
Prime Office/OCM merger to create larger non-REIT entity
Despite the protestations of a disgruntled minority shareholder of listed REIT Prime Office AG, shareholders are likely to give the green light to the merger between the troubled REIT and OCM German Real Estate Holding, a division of US private... Read more
German company bosses sacked as boards clamp down
We would hesitate to herald a new dawn of shareholder activism in Germany on the strength of recent board turbulence, but it might be true to suggest that institutional investors will have taken note of the manner of the sacking of the chief... Read more