Charles Kingston
DEUTSCHE WOHNEN
Boardroom struggle at TLG Immobilien as Ouram seeks changes
In our December issue of REFIRE, we speculated that Ouram Holding, controlled by Israeli investor Amir Dayan, was about to make a full takeover attempt for the German listed TLG Immobilien. Read more
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AIM-Listed Summit Germany to list unit in Frankfurt IPO
The AIM-listed German commercial property group Summit Germany Ltd. confirmed earlier this month that it was exploring an initial public offering of its Summit Luxco unit on the Frankfurt Stock Exchange. Read more
Instone Real Estate Group B.V.
Instone boosts German residential pipeline to €4.5bn
German listed residential developer Instone Real Estate has signed to secure three further development projects in Germany, bringing its current pipeline of projects to about €4.5bn. Read more
CORESTATE-Capital-AG
CORESTATE makes further move into serviced apartment segment
Luxembourg-headquartered and German-listed CORESTATE Capital has been entering new business segments on what seems like an almost quarterly basis for so long now that we shouldn’t be surprised to hear about the group’s latest thrust into... Read more
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First Austrian benchmark bond helps fuel merger speculation
Austrian listed property group Immofinanz bolstered its finances earlier this month when it placed €500m of fixed rate senior unsecured notes with a four year maturity and a 2.65% coupon. The net proceeds of the note issue will be used for the refina Read more
Activum SG Capital
Activum buys second German senior housing developer
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
Ernst & Young GmbH
Less forward deals, more profit-taking forecast in EY annual survey
Despite higher prices and a restricted supply, turnover on the German commercial property market reached €78bn in 2018, about 7% more than in 2017. But the high point in the cycle has been reached, according to the latest survey... Read more
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Heavy fall in number of German retail investment deals
The latest report on the German retail property investment market from CBRE shows that in 2018, just €10.5bn of retail properties in Germany changed hands, marginally above the long-term average but nonetheless a decline of 25% compared with 2017. Read more
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Outlook for German occupier markets weaker as export growth cools
Capital Economics issued a note this week saying that the cooling in German export growth was leading to a poorer outlook for the German economy and increasing the downside risks for occupier markets. Read more
Warburg-HIH Invest Real Estate GmbH
Warburg-HIH, Nord/LB launch new €250m logistics fund
The Hanover-headquartered German state bank Nord/LB and Warburg-HIH Invest are launching a new logistics real estate fund called Warburg-HIH Deutschland Logistik Invest, targeting a fund volume of around €250m. Read more
INREV
German Spezialfonds still outperforming inflation despite Q3 dip
In its latest Index reading, the European non-listed vehicles association INREV reports that its German Vehicles Quarterly Index for Q3 2018 recorded a slowdown in performance of German vehicles, with overall returns falling to... Read more
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Düsseldorf’s low office vacancy rate lures Hannover Leasing
The Munich-headquartered Hannover Leasing, a subsidiary of Corestate Capital, has bought an office building in Düsseldorf-Oberbilk for a new alternative investment fund. The new building was sold by the Essen-based project developer KÖLBL Kruse for a Read more
Deutsche Wohnen
German housing companies face increasing resistance to higher charges
A number of Germany’s largest residential landlords have been feeling a renewed wave of resistance coming from tenants no longer willing to accept extra charges for energy, sanitation and other refurbishment costs imposed upon them by... Read more
DRESTATE Services GmbH
Summit Germany, Gateway pave the way for re-IPOs to tap fresh capital
The AIM-listed commercial property group Summit Germany Ltd. is exploring a 2019 share sale to raise money for new investments and make it easier to trade its stock, according to a recent Reuters report. Read more
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New retail investment start-up x+bricks approaches €300m in deals
Private German retail investment house x+Bricks has already added to its ambitious acquisition programme by buying a portfolio of 13 retail properties from an institutional investor, for a price of €80m. Read more
TAG Immobilien AG
Deutsche Konsum balance sheet approaches €500m on focused retail
Deutsche Konsum REIT AG, the small listed specialist focused on Fachmarktzentren or retail parks, has just invested €29m in buying five separate properties, on top of a recent investment spree that has seen its real estate portfolio... Read more
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Europe primary focus for €200bn of healthcare infrastructure investment
Global institutional investors are forecast to increase their investment in healthcare infrastructure by $200 billion (€175bn) over the next five years, according to a new report by healthcare fund investor Octopus Healthcare. Read more
CORESTATE-Capital-AG
Major JV move into co-living sector by Corestate, Medici
Frankfurt-listed Corestate Capital Holding and Berlin-based co-living service provider Medici Living have agreed to invest €1bn of equity and debt in the fast-growing European co-living sector over the next three to five years. Read more
CC - Gizmo23
Here's how profitable the Trianon sale in Frankfurt was to NorthStar
We reported in last month’s REFIRE about the well-publicised sale of the Trianon skyscraper in downtown Frankfurt by NorthStar Realty Europe Corp. to the South Korean consortium made up of IGIS Asset Management and Hana Financial Investment. Read more
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As DIC Asset exits TLG, is Ouram preparing takeover bid?
In a transaction worth €376m, Frankfurt-based DIC Asset has signed a sales agreement to sell its entire 14% stake in Berlin listed peer TLG Immobilien to Ouram Holding and wealth manager Bedrock Group. Read more