RSS

Alstria Office REIT AG

Forecast

© sdecoret - Fotolia.com

Germany's two domestic REITS, Alstria Office AG and Hamborner REIT AG, both issued upbeat statements after the first half of 2017, and both raised their full-year FFO forecasts against a still very benign German economic background. Read more

Companies

Anthony Myers - Blackstone

The Blackstone Group L.P.

Private equity giant Blackstone earlier this month completed its €3.3bn acquisition of the OfficeFirst platform in Germany from IVG Immobilien and wasted little time in appointing a new management board. It has also started the disposal of what it... Read more

Investment

Alexander Dexne - ZIA Zentraler Immobilien Ausschuss e.V.

ZIA Zentraler Immobilien Ausschuss e.V.

Listed German real estate firm Alstria Office REIT AG said recently it planned to double its portfolio to €6bn from its current €3bn over the coming years, without being more specific as to when it could achieve this. (See below for details on... Read more

Investment

Money Euro Sale

© weyo - Fotolia.com

Net capital inflows into German indirect property investment vehicles are down more than 6% year-on-year over the first nine months of 2016, according to new data compiled by Düsseldorf-based real estate capital markets consultancy Barkow Consulting. Read more

Markets

Office Space

© XtravaganT - Fotolia.com

Germany's first REIT, the Hamburg-based Alstria Office REIT AG, has just completed a splurge of disposals of what it described as 'non-core' office properties. In a series of transactions it sold seven office properties valued at €116.8m at what... Read more

Companies

Michiel Jaski - IVG

IVG

As REFIRE reported in recent issues, Germany's erstwhile largest listed property IVG Immobilien AG has embarked on the sale of its core property portfolio under the flag of its new corporate identity as Officefirst Immobilien. Plans seem to be... Read more

Companies

Boris Hardi - Oaktree

Boris Hardi

US private equity investor Oaktree has launched a new offensive to sell off large chunks of its German property holdings. Read more

Companies

Alexander Bürk and Daniel Schuldig - Cresco

Cresco Capital Group

London-based Cresco Capital, an owner-managed real estate investor and developer, said it had raised capital commitments of €110m from large European and Asian family offices in the first close of its first German real estate development fund over... Read more

Companies

Michiel Jaski - IVG

IVG

Germany's erstwhile largest listed property IVG Immobilien AG has embarked on the sale of its core property portfolio under the flag of its new corporate identity as Officefirst Immobilien. The portfolio comprises 97 office properties, valued at... Read more

Companies

Dr. Christoph Schumacher - Union Investment

Union Investment

Fund manager Union Investment and campus specialist Investa Capital Management (ICM) have launched an alternative investment fund in the form of a Spezialfonds, targeting German office campus properties offering flexible workplace solutions. The... Read more

Investment

Dr. Steffen Sebastian - IREBS

Universität Regensburg

The 1st Annual Congress on Financing for the Real Estate Industry kicked off in the Villa Kennedy in Frankfurt at the end of April, presented by financial structuring adviser Berlin-based BF.direkt AG and the IREBS International Real Estate... Read more

Markets

Schuldschein

fotografin - Fotolia.com

Germany's first and original REIT, the Hamburg-based alstria Office REIT AG, has placed its first 'Schuldscheindarlehen', or unsecured promissory note with a total volume of €150m. This is the first time that a listed German real estate company... Read more

Companies

Convertible Bonds

© moonrise - Fotolia.com

Germany's first REIT, the Hamburg-headquartered Alstria Office REIT AG, placed its second €500m corporate bond to conclude the refinancing of its October 2015 takeover of DO Deutsche Office. Read more

Companies

Numbers and figures

©denisismagilov - Fotolia.com

Germany's first-ever REIT, the Hamburg-based Alstria office REIT-AG has now officially taken over fellow-listed DO Deutsche Office AG following its voluntary takeover offer. The new company will be Germany's largest commercial property company... Read more

Companies

Ernst Merck Str. - Alstria

alstria office REIT-AG

The board at Germany's first REIT, the Hamburg-based Alstria Office REIT AG has received a resounding 'yes' from its shareholders for the required capital increase as a prelude to its announced voluntary public takeover offer of fellow-listed DO... Read more

Companies

Office Building

© demonishen - Fotolia.com

German investor Alstria Office REIT has already effectively got the green light to taking control of a competitor, Deutsche Office (DO), in an all-share deal that values its target at €800m. Read more

Companies

Reinhard Mattern

Internationales Immobilien-Institut GmbH

Hamburg-based private real estate investor and project developer Quantum Immobilien AG is acting as asset and portfolio manager for a new €120m Spezialfonds being set up by BNP Paribas REIM Germany on behalf of an as yet unnamed German... Read more

Investment

Daniel Piazolo - IPD

© Wrangler - Fotolia.com / IPD

Every year since its inauguration six years ago we have reported faithfully here at REFIRE on the annual DMX German Office Rent Reversion Index study, produced annually by IPD Germany and Alstria Office REIT AG, Germany’s first and still largest... Read more

Markets

Higher Risk

© Olivier Le Moal - Fotolia.com

Large investors in German real estate are showing an increasing appetite for taking on bigger risks for smaller yield, according to Ernst & Young’s annual real estate barometer. The researchers also expect to see a rise in cross-border... Read more

Investment

Deal

© Reicher - Fotolia.com

Hamburg-based Alstria Office REIT has scored a significant coup in refinancing a €544m syndicated loan, which sees it lowering its interest rate, boosting projected cash flow and reducing its overall debt maturity profile. Read more

Investment