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Blackstone

Warehouse and logistic space

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The average European logistics yield dropped 14 basis points (bps) to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began regularly tracking the three main property sectors in 1992... more

Markets

Berlin

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Germany’s residential market is becoming increasingly differentiated as interest in the sector heats up, Dr. Konstantin Kortmann, head of residential investment at JLL Germany, told REFIRE. more

Markets

Investment

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Luxembourg-based boutique real estate investment manager Optimum Asset Management has completed a €100m secondary transaction with new investors into Optimum Evolution Fund SIF – Property II, which is invested primarily in well-located... more

Investment

Berlin

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Phoenix Spree’s bet on the Berlin market has paid off: the UK-listed investment company specialising in German residential real estateachieved an NAV total return of 53% in 2017, in a sign that Berlin can generate hefty returns. more

Companies

Tobias Kassner - BulwienGesa

BulwienGesa

Light industrial deals hit a new high in Germany last year at €3bn, a 27% increase on the former record in 2015, according to a report published this month by Bulwiengesa, ‘Initiative Unternehmensimmobilien 2H 2017’. more

Markets

Europe

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AXA Investment Managers - Real Assets is beefing up its exposure to logistics, Laurent Jacquemin, head of European transactions at the group, told REFIRE at EXPO REAL. ‘We want to grow our logistics portfolio, notably in Germany,’ Jacquemin said. more

Companies

Ralf Kemper - JLL

JLL

JLL’s Victor Prime Office Index flattened out in the second quarter, rising by just 0.2% to 169.7 points, according to data released this month by JLL. more

Markets

Investment

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Germany could be headed for a bumper year with up €100b in deals, according to Fabian Klein, head of investment Germany at CBRE in Frankfurt. ‘We’re expecting a record year in Germany this year, with at least €50b of deals. If enough supply comes... more

Markets

Dr. Julian Deutz - Axel Springer

Axel Springer

Another giant Berlin commercial property sale also took place this month, having been flagged (including in REFIRE's pages) about half a year ago as likely to be one of the biggest sales of the year. German publisher Axel Springer has sold its... more

Investment

Sony Centre

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The sale process for the landmark Sony Centre property on Potsdamer Platz in Berlin is moving into its final phase, and from what REFIRE understands, the Canadian pension group Oxford Properties seems to be the frontrunner at this stage to become... more

Investment

Anthony Myers - Blackstone

The Blackstone Group L.P.

Blackstone has raised €7.8b for its fifth European opportunistic real estate fund, Blackstone Real Estate Partners Europe V (BREP Europe V), making it the largest ever dedicated European fund, it announced earlier this month. more

Investment

Deal

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AXA Investment Managers - Real Assets has agreed to acquire a portfolio of 39 predominantly logistics assets spread across five European countries from Gramercy Property Europe for around €1bn. more

Investment

Shopping Center

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An unnamed Berlin investor represented by Frankfurt-based real estate manager Curator r.e.m. has acquired a portfolio of three German shopping centres from UK-based real estate group Edinburgh House for a price described as ‘in the high double... more

Investment

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... 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... more

Investment

Taunusanlage 8 - T8 building - Frankfurt

Deutscher Pressestern

South Korea’s Mirae Asset Global Investments Co. is reportedly about to sign a deal to buy the Taunusanlage 8 (T8) building in Frankfurt's prime CBD from global asset manager Credit Suisse Asset Management for a price of about €300m, marking its... more

Investment

Michael Bickford - Round Hill Capital

Round Hill Capital LLC

The UK-based private equity group Round Hill Capital has kicked off a new strategy of investing in German residential housing by buying a portfolio of 114 units in Hamburg, the first in what it says will be a string of investments in 15 German... more

Investment

Management

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Private equity real estate firm Blackstone and pan-European investor and asset manager M7 Real Estate are buying a portfolio of Dutch and German mainly logistics assets from listed UK property REIT Hansteen Holdings for €1.28bn. The portfolio... more

Investment

Sabine Keulertz - JLL

JLL

Demand for German shopping centres was so high in 2016 that yields have fallen to a record low of 4%, and a new study by JLL sees this falling to 3.9% by the end of 2017, against the background of continued low interest rates. Yields of 4% are... more

Markets

Healthcare

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AXA Investment Managers–Real Assets has bought a portfolio of 17 healthcare assets in western Germany for €310m from private equity firm Blackstone. more

Investment