Charles Kingston
© Groupe Pierre & Vacances-Center Parcs
Aroundtown raises fresh €600m, buys Blackstone Center Parcs for €1bn
Germany’s largest listed commercial real estate company Aroundtown SA is buying seven Center Parcs Europe holiday parks from Blackstone for about €1bn, in a deal that looks like it was brokered by Eastdil Secured. Read more
IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH
Germany’s mutual real estate funds top €100bn, new funds in pipeline
Net fund assets of all Germany’s open-ended mutual property funds came to €101.1bn at the end of this year’s first quarter, surpassing the €100bn level for the first time ever, new figures from Germany’s fund organization BVI show. The figure... Read more
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Brexit and Germany’s new rent laws pull down EPRA listed sector values
Ongoing uncertainty about Brexit on the one hand, and dismay at the drastic political measures in Germany to curb rent and price increases, took their toll on the respective listed property markets in the UK and Germany, dragging the value of... Read more
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Long Income Property – the next big thing?
The London-based Alpha Real Capital LLP, which specializes in long income real assets, said this week that it is seeing an increase in demand from institutional and other real money investors in European Long Income Property. It says this is being... Read more
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NorthStar Europe swept up by AXA for €1.1bn for single client
After what must have been a complicated bidding process, given the valuable assets up for grabs, the Paris-based AXA Investment Managers - Real Assets emerged as the winner for a portfolio of prime European offices worth €1.1bn with the... Read more
Madison International Realty
Madison buy 5% stake in trophy Signa portfolio
Real estate private equity firm Madison International Realty has purchased a strategic 5% equity stake in Signa Prime Selection, a European real estate portfolio, through its Luxembourg vehicle MIELI II. The move gives Madison a stake in 87... Read more
Dr. Thomas Beyerle
German multi-asset investors to increase real estate allocations
German multi-asset investors currently allocate an average of 9.8% of their assets under management to the category "Real Estate", although they are anticipating an increase to 11 – 13%, according to the results of a survey of banks, insurance... Read more
Harbert Management Corporation
Harbert, Scannell among US companies beefing up for fresh acquisitions
Two American companies gearing up for further expansion into Europe include the Alabama-based Harbert Management Corporation (HMC) and, from Indianapolis, investor and developer Scannell Properties. Read more
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NAS Invest finances €120m Nüremberg deal with Münchener Hyp
Independent German investment and asset management company NAS Invest closed on its biggest deal and one of the city of Nüremberg’s biggest office transactions, when it bought the multi-tenanted Air Campus office property for €120m. Read more
TLG Immobilien AG
TLG raises fresh capital, revalues assets upwards by €400m
Listed Berlin commercial property investor TLG Immobilien booked a €400m upward revalutation of its property asset in the first half year, bringing its assets under management to €4.6bn. The revaluation derived largely from its Berlin properties... Read more
VILICO Investment Service GmbH
New fund launch to tap into highest-yielding German property companies
The Hamburg-based boutique Vilico Investment Service GmbH and KVG Hansainvest have jointly launched a distribution-oriented equity fund "Immobilien Werte Deutschland", to tap in to the highest-yielding German dividend-paying real estate companies. Read more
International Monetary Fund
IMF report on Germany warns on imbalances in real estate sector
We are grateful to Prakash Loungani, otherwise known as “The Unassuming Economist” for the following document at the IMF dealing with Germany’s housing market. Mr. Loungani is an Assistant Director and Senior Personnel & Budget Manager in the... Read more
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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