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Charles Kingston

Center Parcs - Park Eifel

© Groupe Pierre & Vacances-Center Parcs

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

Companies

Michael Schneider - IntReal International Real Estate

IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH

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

Companies

Real estate residential expert

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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

Markets

Investment

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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

Markets

Office

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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

Investment

Matthias Cordier - Madison International

Madison International Realty

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

Companies

Dr. Thomas Beyerle

Dr. Thomas Beyerle

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

Markets

Scott O’Donnell - Harbert European Real Estate Funds

Harbert Management Corporation

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

Investment

Deal

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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

Investment

Barak Bar-Hen - TLG Immobilien

TLG Immobilien AG

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

Companies

Stefan Bülling - VILICO Investment Service GmbH

VILICO Investment Service GmbH

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

Investment

Prakash Loungani

International Monetary Fund

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

Markets

Warehouse and logistic space

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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

Companies

Commerzbank AG

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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

Markets

Frankfurt

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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

Investment

Real Estate Study

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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

Markets

Dr. Joachim Arenth

Dr. Joachim Arenth

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

Companies

Shareholder, Numbers, Figures

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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

Companies

Acquisitions, Contracts and Deals

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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

Investment

Commercial real estate

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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

Markets