Charles Kingston
Deutscher Pressestern
Co-living firm The Collective opens Berlin office for German presence
UK-based co-living firm The Collective has announced plans to enter the German market, with its initial focus on establishing a presence in the country’s Big 7 cities. The company already has operational sites in London and New York. Read more
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Phoenix Spree Deutschland sees difficult rental growth path ahead
The UK-listed Phoenix Spree Deutschland, which specializes in investing in Berlin residential property, presented half-year results this week which showed a drop in profit and rental income. The company maintained its interim dividend, while... Read more
ECB / Robert Metsch
Office yields to keep falling driven by debt and equity availability
The latest outlook for European Commercial Property from research group Capital Economics contains a good piece written by senior property economist Kiran Raichura in a new update, which suggests that widespread availability of debt and equity... Read more
Kiefer, CC BY-SA
Garbe readies €600m flotation of industrial REIT Logistrial
German family-owned logistics property group Garbe Industrial Real Estate is planning to float its Logistrial property unit on the Frankfurt stock exchange as an industrial REIT, hoping to benefit from a boom in Germany's real estate market. Read more
GALERIA Kaufhof GmbH
Signa raises further €1.2bn, plans Berlin store investment of €3.5bn
Austria’s privately-held retail and real estate company Signa Group raised €1.2bn in fresh equity during the month, with the proceeds targeted for pending acquisitions and developments (particularly in Berlin), and boosting its liquidity reserves... Read more
Christian Gahl
The Squaire at Frankfurt Airport to be sold to Korea’s Hana for €1bn
A recent report in South Korean news medium Pulse News suggests that Korean group Hana Financial Investment is in exclusive negotiations with Blackstone to buy Germany’s largest office building, The Squaire at Frankfurt Airport. Read more
Hembla AB
Blackstone makes big bet on European ‘last mile’ urban warehousing
There has been considerable interest in Blackstone’s latest European mega-logistics project barely two years after it sold its previous pan-European logistics company Logicor to China Investment Corporation for €12.25bn. Read more
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Logistics deals highlight strength of key German hub locations
Apart from Blackstone’s mega-plans with its Mileway project (see elsewhere in this issue), there were several other notable German logistics deals throughout September, both by experienced German hands and new foreign debutants putting down their mar Read more
Bayrische Versorgungskammer
GPEP, Universal buy 12 Fachmarktzentren across Germany for BVK
Asset and property manager GPEP, acting for an investment fund managed by Universal-Investment on behalf of giant Bavarian pension fund Bayerische Versorgungskammer (BVK) has bought a portfolio of 12 retail parks and supermarkets in established... Read more
IREBS ImmobilienakademieInternational Real Estate Business School Immobilienakademie GmbH
7th German Debt Project study show bank margins recovering slowly
The seventh edition of the study “German Debt Project” carried out by Professor Tobias Just and his team at the IREBS International Real Estate Business School has just been published – this year a little bit later than usual. Read more
Deutsche Wohnen
BayernLB issues record €700m bond for re-nationalisation of 6,000 units
Munich-based bank BayernLB issued the largest promissory note ever in the history of German real estate for the Berlin housing association Gewobag Wohnungsbau-AG, a €700m note (Schuldscheindarlehen) issued in partnership with LBBW Landesbank Baden-Wü Read more
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Falling numbers of German tenants now striving for home ownership
Although it is regularly assumed that all Germany’s hard-working citizens are striving hard to buy their own property, a new – perhaps surprising – study from Interhyp, one of Germany’s largest private mortgage facilitators, shows... Read more
Alianz
Allianz in first-time deal managing equity investment for 3rd party
German insurance giant Allianz, the world’s third-biggest real estate investor, made a significant move on a Berlin office acquisition this month when, for the first time, its property subsidiary Allianz Real Estate will manage... Read more
shutterstock.com
€13bn wave of terminations by 2021 to put further pressure on markets
The INREV Funds Termination Study 2019 reveals that 50 European closed-end non-listed real estate funds are scheduled to terminate by 2021, releasing a potential €13.2 billion of assets back onto the market. Read more
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German property shares rebound as drastic rent cap plans withdrawn
After weeks in which hundreds of millions were wiped off the value of listed German real estate companies, trading on the last day of August saw powerful rebounds in the share prices of leading German companies with exposure to the residential... Read more
bsi Bundesverband Sachwerte und Investmentvermögen e.V. 2016
DIC Asset invests in Berlin and Bremen, integrates with GEG
German asset manager DIC Asset has bought an office building in central Berlin for €111m from Real I.S., the property arm of Munich-based bank BayernLB. Read more
Corpus Sireo
DEMIRE boosts FFO by 40%, raises full-year forecast
In March this year, REFIRE published an article about the latest study by DEMIRE Deutsche Mittelstand Real Estate AG, the listed commercial property investor focused on secondary German cities, carried out by market researcher BulwienGesa. The... Read more
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Shortage of assets leads to big fall on German healthcare market
Transaction volume on the healthcare property market in Germany at €840m is down by a significant 52% over the first six months of the year, compared to last year, according to figures released by broker CBRE. Read more
BF.direkt AG
Sharp rise in sentiment among German property finance providers
The latest reading of the widely-watched BF.Quarterly Barometer showed a sharp rise in sentiment among German property finance providers in Q3, although overall it remains in slightly negative territory. The Index is compiled by market research... Read more
Gateway Real Estate AG
Developer Gateway sells portfolio to pension fund for €242m
German listed commercial and residential property developer Gateway Real Estate sold a portfolio of 21 commercial properties to a Spezialfonds of a German pension provider earlier this month for €242m. The assets are all situated in “good downtown... Read more