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Cerberus

Saul Goldstein - Activum SG

Activum SG Capital

European turnaround specialist ActivumSG Capital Management has bought WirtschaftsHaus, a major German developer of senior housing, to lead the sector in Germany with a €1.2bn pipeline of properties. No price details of the deal were given. Read more

Companies

Saul Goldstein - Activum SG

Activum SG Capital

The Jersey-based real estate fund manager ActivumSG Capital Management sold its entire remaining stake in listed German residential developer Instone earlier this month. Read more

Companies

John Wilkinson - Greenman Investments

Greenman Investments

Irish real estate investment company Greenman Investments has bought a 32,200 sqm retail asset in Berlin from Cerberus for €79m. Read more

Companies

Stefan Ermisch - HSH Nordbank

HSH Nordbank

It now looks certain that ailing state-owned HSH Nordbank will be bought by US private equity firms Cerberus and JC Flowers, and a deal could be announced as early as this week, according to local business reports in Hamburg. 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

Saul Goldstein - Activum SG

Activum SG Capital

Jersey-based investment group Activum SG Capital (ASG) has taken over Germany’s fairvesta Group from the Knoll family via its acquisition of a German office and retail portfolio valued at around €800m. Both parties have agreed not to disclose the... Read more

Companies

IPO

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German residential property developer Instone Real Estate Group confirmed this month that it planned to go public by listing its shares on the Frankfurt Stock Exchange this year. The IPO, mooted to be for mid-February but almost certainly in the... 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

Steffen Göpel

BFW

The Jersey-based private equity fund manager ActivumSG has bought up the remaining shares in German residential real estate developer Instone Real Estate to become the sole owner of the group, following Instone founder and shareholder... Read more

Companies

Berlin - Summer Sun

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The Berlin-heaquarterd NAS Invest, established two years ago, has managed to breach the €100m barrier of assets under management in this year's first quarter. The company said it aims to be managing more than €250m by the end of the year, focused... Read more

Investment

Sascha Wilhelm - CORESTATE

CORESTATE Capital AG

Switzerland-based Corestate Capital has shrugged off its recent aborted stock market listing, cancelled due to "a difficult environment for IPOs in Germany's stock market", to carry on with business as usual in the buying and selling of real... 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

Aref Lahham, Van Stults and Bruce Bossom - Orion Capital Managers

Orion Capital Managers

London-based private equity firms Orion Capital Partners is in advanced negotiations to buy the huge Odin office portfolio from funds managed by Credit Suisse Asset Management (CSAM), according to a report last week by German trade magazine... Read more

Investment

Gifford West

REFIRE - Florian Glock

One of the livelier sessions at the recent Real Estate Capital Germany Forum 2015 held at the Kempinski Hotel outside Frankfurt last week, and attended by REFIRE, was a panel session entitled NPLs: A European Perspective. Read more

Markets

Geripptes - Frankfurt

Wikipedia Commons

International property advisor Cushman & Wakefield’s Corporate Finance team estimates that European banks and asset management agencies have a gross exposure of €584 billion to non-core real estate which is subject to disposal or work-out... Read more

Markets

Apartments in Berlin

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Deutsche Bank subsidiary Deutsche Asset & Wealth Management (formerly RREEF) showed that it still sees upside value in the German residential real estate sector when it bought the Merkur residential portfolio from asset manager Corpus Sireo. The... Read more

Investment

Commercial Real Estate

© Natalya Guskova - Fotolia.com

A new note issued by property advisor NAI Apollo shows how commercial real estate investment in Germany continued to power ahead in the third quarter, particularly in the office and retail sectors. Transaction volumes in the market for the first... Read more

Markets

IPO

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A number of reports in the business press in Germany say that private equity investor Cerberus is well-progressed in its plans to spin off its German retail property interests through a separate stock exchange listing, probably in the first half... Read more

Markets

Acrest Property Group GmbH

Acrest Property Group GmbH

US private equity investor Cerberus won out in two tendering processes for two significant German retail property portfolios in mid-July from insolvency proceedings, one from US bank Wells Fargo. Cerberus has been putting together a significant... Read more

Companies

Numbers and figures

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The MDAX-listed residential investor Deutsche Wohnen AG wrapped up a number of financing packages this month in relation to earlier acquisitions, while showing that it has little trouble garnering new financing options from traditional lenders. Read more

Investment