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Bankhaus Lampe KG

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

Bernd Vorbeck - Universal Investment

Universal-Investment-Gesellschaft mbH

British private equity group Montagu has completed its acquisition of German fund administrator Universal-Investment, the largest independent investment company in German-speaking Europe. Universal's shareholders Berenberg Bank and Bankhaus Lampe... Read more

Investment

Bernd Vorbeck - Universal Investment

Universal-Investment-Gesellschaft mbH

The Frankfurt-based Universal-Investment GmbH, the largest independent investment company in German-speaking Europe, has been acquired by British private equity firm Montagu Private Equity. Universal's existing shareholders, Berenberg Bank and... Read more

Companies

Sascha Wilhelm - CORESTATE

CORESTATE Capital AG

Luxembourg-headquartered property investment manager Corestate Capital is thought to be having another stab at a public flotation, after it felt forced last year to to pull its imminent listing at the last moment, citing unfavourable market... Read more

Companies

Pfandbrief

© Björn Wylezich - Fotolia.com

There were two notable Pfandbrief issues in Germany over the past couple of weeks, both at least twice oversubscribed by investors. Read more

Markets

Gero Bergmann - Berlin Hyp

Berlin Hyp AG

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

Markets

Hamborner - Objekt Muenster

Hamborner REIT AG

German listed property firm Hamborner REIT is to raise around €142m through a cash capital increase of 16.6 million new shares at a price of €8.50 a share. Shareholders can subscribe at the ratio of three to one for existing shares held. The price... Read more

Companies

Gero Bergmann - Berlin Hyp

Berlin Hyp AG

Property financing bank Berlin Hyp has become the first bank to issue a Green Pfandbrief bond after it placed a €500m seven-year mortgage Pfandbrief in benchmark format last week. Read more

Markets

Berlin Euref - Hamborner REIT

Hamborner REIT AG

The Duisburg-based Hamborner REIT has increased its capital by 10%, raising €41m in an issue underwritten specifically by Deka Investment. The German savings bank fund manager is taking up all the new shares on account of RAGS-FundMaster, a... Read more

Investment

Two of Germany’s top listed real estate companies have opted this month to tap the bond markets as a source of fresh finance, as an alternative to their more traditional route of raising capital through a scrip issue to existing shareholders. Read more

Companies