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Apollo

Logistic business

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The transaction volume in German logistics investment has fallen by a quarter in the first six months of the year, compared to last year, with €3.3bn being transacted for logistics properties (76.3%), production facilities and business parks... Read more

Markets

Jacopo Mingazzini

ESTAVIS AG

Among German listed companies raising further capital this month were Berlin residential specialist Accentro, and commercial real estate investor DEMIRE Deutsche Mittelstand Real Estate. Read more

Companies

Dreieich Nordpark

MEC METRO-ECE Centermanagement GmbH & Co. KG

German listed retail group Metro AG is looking to again sell off its retail subsidiary Real, along with a sizeable property portfolio, as it retreats back to being a classical wholesaler. Read more

Companies

HSH Nordbank

HSH Nordbank

It's down to just two contenders to buy the ailing state-owned HSH Nordbank as the protracted bidding process heads into its final phase, with the bank agreeing to exclusive talks with potential buyers J.C. Flowers and Cerberus in a joint bid. Read more

Companies

Stefan Ermisch - HSH Nordbank

HSH Nordbank

The highest bid from the three remaining bidders for the troubled Kiel- and Hamburg-headquartered HSH Nordbank is coming in at about €200m, according to a recent report in the Wall Street Journal. Following an EU decree... Read more

Companies

Joint Venture

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The Frankfurt-based logistics investment manager Palmira Capital Partners has formed a joint venture with the European Principal Finance III Fund (EPF III) managed by giant alternative investment manager Apollo with the goal of investing more than... Read more

Companies

Stefan Ermisch - HSH Nordbank

HSH Nordbank

The majority owners of German lender HSH Nordbank, the federal states of Hamburg and Schleswig-Holstein, have received ‘several binding bids’ for the bank by the deadline of 27 October, they announced this weekend. Read more

Companies

Friedemann Weck - ADO Properties

Friedemann Weck - ADO Properties

Listed pure-play Berlin residential investor Ado Properties boosted its Berlin holdings by nearly 1,600 units when it closed on several recent transactions on assets spread throughout the city, investing a total volume of €262.5m. The seller of a... Read more

Companies

Florian Goldgruber - ADO Properties

ADO Properties

Several listed German property investors have been taking advantage of the ongoing strength of the German economy and particularly its residential housing market to tap the capital markets for fresh financing. These are unlikely to be the last deals Read more

Markets

Vodafone - Eschborn

Florian Glock

US-based investor Apollo and German asset manager Publity have emerged as the buyers of the large German office assets forming the collateral of the Eurocastle 'Bridge' loan in the legacy Lehman Brothers Windermere X securitisation. Read more

Investment

Investment - Buyer

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Private equity group Cerberus has hired UBS to find a buyer for its German cash & carry markets after abandoning its original plan to list its retail division through an IPO. The assets, many of which are wholesale markets leased to Metro, are... Read more

Investment

Aareal

Aareal

The bidding process for WestLB’s property financing subsidiary WestImmo is heating up, with the arrival of a number of new bidders in advance of an August deadline. The deal is potentially worth more than €300m. WestLB is being forced to sell the... Read more

Companies