Charles Kingston
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Frankurt office rent pace unlikely to be sustained – study
A new report from the European commercial property team at Capital Economics provides food for thought as to where office rents are going, particularly in Frankfurt. more
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M7, Frasers and Granite to the fore in new logistics deals
Some of the standout logistics deals of the past month on the German market were transacted by foreign investors, including the UK'S M7 Group, Frasers of Singapore and the Canadian group Granite... more
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Capital raised for funds of funds at highest-ever level
Non-listed real estate funds of funds doubled their share of total capital raised in 2017, as investors increasingly sought niche strategies and diversification, according to the ANREV / INREV Funds of Funds study released earlier this month. more
Eskimo71
Frankfurt's Zeil still busiest shopping street in Germany
Property adviser JLL's annual survey of Germany's most frequented shopping streets has confirmed that Frankfurt's Zeil has defended its position as the liveliest shopping street in the country. In second and third place come Munich... more
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ÄVWL in €250m forward purchase of Olympus HQ in Hamburg
The Ärzteversorgung Westfalen-Lippe (ÄVWL), one of Germany's largest medical occupational pension funds, has partnered with US private investor Hines to buy the Hamburg site where Japanese optical technology manufacturer Olympus... more
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PwC Austria leads new consultancy for joint loan servicing platform
Consultancy firm PwC Austria is teaming up with the Silverton Group and 720° Restructuring & Advisory to set up a long-term co-operative loan servicing platform enabling international investors and banks to outsource their non-performing loan... more
GALERIA Kaufhof GmbH
Hudson's Bay in fresh talks to merge Kaufhof with Karstadt
Canada's Hudson's Bay Co. was reported this week to again be in discussions with Austrian property and retail group Signa Holding GmbH about a joint venture with its German retail group Kaufhof... more
Allianz Real Estate
Allianz commits €400m to London student housing JV
Germany's Allianz Real Estate has teamed up with Greystar Real Estate Partners and Canada's Public Sector Pension Investment Board’s (PSP Investments) UK student housing partnership to develop the student accomodation platform Chapter. more
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Belgium's Aedifica expands healthcare co-operation with Specht
Belgian listed healthcare REIT Aedifica has significantly extended its co-operation with Germany's Specht-Gruppe, agreed upon last August, by committing to new construction of senior living accomodation on eight sites in Germany... more
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Eight major German investors agree on new data sharing platform
Berlin-based proptech company Architrave has taken a major stride forward by signing up eight leading German commercial real estate and asset management companies to develop a common open digital strategy. more
Mayr Melnhof - Karton AG
Immofinanz exits CA Immo with Starwood sale – next up S Immo?
After much to-ing and fro-ing, and several rebuffed attempts, US private equity investor Starwood finally succeeded in buying a big piece of listed Austrian property investor CA Immo, when fellow listed Austrian player Immofinanz agreed to sell... more
Greenman Investments
Greenman snares Berlin's Biesdorf Centre from Cerberus for €79m
Irish real estate investment company Greenman Investments has bought a 32,200 sqm retail asset in Berlin from Cerberus for €79m. more
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Industria Wohnen buys more resi in Rhine-Main for €106m
German listed housing company Industria Wohnen has acquired a German residential portfolio in a forward deal worth €106m from the Dutch Ten Brinke Group, with whom it has already done two further deals. more
Mayr Melnhof - Karton AG
Austrian shareholders shun Starwood offer for listed companies
Shareholders of listed real estate businesses CA Immo and Immofinanz have rejected approaches from Starwood Capital to take stakes in both companies, taking the view that a more lucrative deal will be available elsewhere. more
Vonovia SE
Vonovia gets green light for takeover of Sweden's Victoria Park
Shareholders representing more than 50% of voting rights including call options have accepted Vonovia’s $1.08 billion cash offer for Swedish counterpart Victoria Park, Germany largest real estate company said earlier this month. more
KGAL GmbH & Co. KG
KGAL wins first LGPS mandate from UK investor
UK local authority has become the first local government pension scheme (LGPS) to back Munich-based investment and asset manager KGAL’s fourth European renewable energy fund. more
Florian Glock - REFIRE
Rockspring sells €100m+ retail portfolio to Warburg-HIH Invest
In a sizeable retail property deal, an open-ended fund of Rockspring Property Investment Managers sold a portfolio of five local German convenience centres to Hamburg-based investment manager Warburg-HIH Invest for more than €100m. more
INREV
German non-listed vehicles record ten-year high
INREV’s German Vehicles Annual Index 2018 recorded a ten-year high for non-listed real estate performance in Germany, with total returns of 4.29% over 2017, up from 2.68% the previous year. more
Florian Glock - REFIRE Ltd.
FAP launches €250m Germany-focused debt fund
Berlin-based independent investment manager FAP Invest last week formally launched its €250m mezzanine fund focused on real estate existing, refurbishment, and development projects in Germany, as well as selectively in the Netherlands and Austria. more
BulwienGesa
Swiss Life snaps up BEOS as focus on industrial remains undimmed
Insurance group Swiss Life has swooped to buy BEOS AG, Germany's leading investor in mixed-use industrial real estate, for an undisclosed price. The move is designed to support Swiss Life Asset Managers' third party business... more