Charles Kingston
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German logistics sector livening up after modest Q1 start
Despite a relatively quiet start to the year, particularly in Q1 which saw a fall of nearly 40% year-on-year, the German logistics sector remains the third strongest commercial asset type, with a market share of 10%. Read more
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German funds avoiding UK, but still see rising risk profile
The report’s ratings, which reflect the risk-return ratio of open-end real estate funds compared with alternative investments, surveyed 20 funds with €90bn assets in total. Seven of the funds were for institutional investors. Read more
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‘Die Welle’ and ‘Taunusanlage 8’ sales in Frankfurt bring huge returns
It's been a big month for Frankfurt office property with the sale in June of two of the most prominent office buildings in the city – booking big profits for their owners after what is in effect a very short period of ownership. Read more
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Residential housing prices continue steady rise
New figures released last week by the Statistische Bundesamt, Germany’s Federal Statistics Office, confirm that prices for houses and apartments in Germany continued to rise throughout the early part of the year, with areas outside the bigger... Read more
Dr. Joachim Arenth
Benson Elliot buys three German retail centres from Brack for €175m
UK-based private equity real estate firm Benson Elliot has paid Brack Capital Properties (BCP) €175m for a portfolio of three German convenience retail assets. BCP is retaining a minority stake in the 100,600 sqm portfolio. Read more
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IPSX exchange provides market for shares in single buildings
REFIRE met with Anthony Gahan, the founder of new real estate stock exchange IPSX last year at the Real Estate Finance Day at the Frankfurt Business School, and we were intrigued at the prospects for the fledgling business. Read more
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Investcorp powers ahead with more German office buys
Investcorp, the Bahrain-based manager of alternative investment products, has bought the Airport Centre, a multi-let office and light industrial property located in Hamburg, for a price of about €85 million. Read more
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Proptechs Exporo, McMakler raise record sums in new financing rounds
It’s been a good month for German property fintech startups, with several big new fundraising rounds, including online broker McMakler and crowdfunding specialist Exporo. Read more
Empira Asset Management GmbH
Looming shortage of office space in Germany’s big cities - report
A new study by investment manager Empira highlights how the construction of new office space in Germany’s bigger cities is lagging demand, and will soon lead to noticeable space shortages, despite a rising level of project developments. Read more
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Attractive risk-return profiles in mid-sized southern German cities
A comprehensive new report by the Munich office of consultants Wüest Partner Deutschland highlights the attractive risk-return profiles of many smaller southern German cities. While investors often think of Stuttgart and Munich as being the... Read more
AviaRent Invest AG
AviaRent launches new €500m assisted living fund
AviaRent Capital Management, which specializes in social infrastructure funds, is teaming up with developer and operator Convivo to launch it its new open-ended Spezialfonds, “Care Vision IV”, targeting an investment volume of €500m. Read more
Commerz Real AG
Crowdfunding – real estate projects with safest track record
We reported in last month’s issue of REFIRE on CommerzReal’s newly-acquired 24.9% stake in crowdinvesting platform Bergfürst, making it the second-largest shareholder behind Bergfüst founder and board member Guido Sandler. Read more
REFIRE
Success of Greens heralds wake-up call for rivals of all parties
The dust hasn’t fully settled yet after last week’s European elections, but the consequences of the messages sent out by electorates will be far-reaching, and in many instances, fairly immediate. The Greens can be seen as the big winners... Read more
Warburg-HIH Invest Real Estate GmbH
Warburg launches new €400m German office fund
German asset manager Warburg-HIH Invest Real Estate has set up a new open-ended fund to invest in core and core-plus office properties across Germany. The new Deutschland Selektiv Immobilien Invest II fund, which plans to raise at least €400m... Read more
Scout24
Scout24 remains public company after shareholders reject takeover bid
Germany’s Scout24 classified listings company is set to remain as a publicly-listed company after the takeover bid led by US groups Hellman & Friedman and Blackstone failed to secure the required 50% of shares earlier this month. Read more
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Listed Godewind buys Frankfurt landmark tower for €85m
Listed German office investor Godewind Immobilien has bought the City Gate office tower in Frankfurt for €85m from an entity asset-managed by HRO Germany. The price corresponds to €3,647 per sqm. Read more
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Commercial property sentiment shifts towards Germany
New research from real estate digital platform BrickVest shows that investor sentiment for the UK commercial property market has dropped in popularity among both international and domestic investors, with Germany emerging as the biggest beneficiary. Read more
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GreenOak leads JV in €350m German logistics deal
In its first move into the German logistics market, GreenOak Real Estate, in partnership with Apeiron, has bought three big box German warehouses as a 340,000 sqm portfolio. The deal, for a price thought to be around €350m... Read more
Corpus Sireo
Fast-growing Primus Valor buys 1,800 resi units from Swiss Life
The fast-growing Mannheim-based Primus Valor group has bought 93 properties in Germany from Swiss Life Asset Managers in a three-digit million euro deal. The sale represents one of the largest German residential property transaction in the last sever Read more
TLG IMMOBILIEN AG
Garbe, Isaria join Domicil in preparing for IPO launch
A number of German real estate companies would appear to be gearing up for their launch as public companies, probably in autumn but certainly before the end of the year. Read more