AXA
Bühler
Sirius’ added firepower boosts further business park deals
Sirius Real Estate, the operator of branded business parks across Germany, is continuing on its acquisition trail with a couple of notable deals in the last quarter. The company’s stock has been a stellar performer as it prunes existing holdings... Read more
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€250m investment flurry will see Tristan top €1bn in Germany this year
In a sign of marked confidence in the German market, Tristan Capital Partners has invested €250m to buy three German commercial properties for its latest European opportunity fund, the EPISO 5 Fund, the company said at the Expo Real fair in... Read more
Warburg-HIH Invest Real Estate GmbH
German industrial rents soar by almost 9%
Rents for Industrieimmobilien,or industrial properties, soared by 8.7% last year, according to the latest IWIP Index, published earlier this month by consultancy IndustrialPort and the German Economic Institute (IW Köln), amid news that the sector... Read more
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France’s Ardian adds Berlin office asset to German portfolio
French private equity group Ardian has bought an office in the centre of Berlin for its Real Estate Europe Fund from a fund managed by JP Morgan Asset Management. Read more
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Peakside €600m opportunistic fund fully invested ahead of time
Specialist European investment manager Peakside Capital has committed all of the capital raised for its latest opportunistic real estate fund PREF II, fully 12 months ahead of the end of the planned investment period. Read more
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AXA IMRA buys Blackstone German healthcare portfolio for €310m
AXA Investment Managers–Real Assets has bought a portfolio of 17 healthcare assets in western Germany for €310m from private equity firm Blackstone. Read more
ARDIAN Holding
Ardian buys Munich office complex in €100m-plus first deal
The independent private equity Ardian Real Estate has bought its first real estate asset, acquiring a multi-let Munich office and business park complex from Publity AG for a price thought to be well in excess of €100m. Read more
Berlin Hyp AG
Cheap refinancing for Pfandbrief banks, but growing competition
German real estate lender Berlin Hyp has been tapping the markets heavily this year to refinance its lending, and in October issued its third €500m mortgage Pfandbrief since April – which, like its predecessors, was heavily (2.4 times) oversubscibed. Read more
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UK REIT Hansteen refinances €343m German loans
London-listed REIT Hansteen Holdings, which specialises in UK and European industrial property, said earlier this month that it had managed to refinance two loans secured against its German portfolio with two new loans totaling €343 million. Read more
New German debt funds claim warm reception
We have reported in recent issues of REFIRE on the new debt funds being launched in Germany as an alternative source of real estate financing, with traditional lenders retreating from what were once their natural markets. Read more