Colliers
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Funds bullish on logistics
Real estate funds active across different parts of the logistics sector are bullish about logistics investment as e-commerce continues to redefine the retail landscape, according to Scope’s latest survey published this month in conjunction with... Read more
GALERIA Kaufhof GmbH
SIGNA takes full control of Galeria Karstadt Kaufhof from Hudson Bay Co. for $1.5bn
Austria’s Signa Group has taken control of German department store chain Galeria Karstadt Kaufhof from Canada’s Hudson Bay Company’s (HBC) by acquiring its 49.99% stake in the recently merged chain for $1.5b, HBC announced this month. Read more
ESTAVIS AG
Number of German first-time buyers continues to fall
The number of first time buyers is falling in Germany at a time when the average age of first time buyers is rising, according to a Housing Costs 2019 report published this month by residential privatization group Accentro... Read more
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Asian investors turn to Germany with renewed vigour
Asian investors are looking at Germany with renewed vigour, as uncertainty surrounding Brexit and China-US trade wars pushes them to take a chance on Europe’s biggest economy. 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
AXA Investment Managers
Consus snaps up SSN group
Berlin-based developer Consus Real Estate has acquired 93.4% of shares in developer SSN Group, boosting its gross development volume (GDV) by around 50% to €9.6b. Read more
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AXA to target more than €1b of logistics deals in 2018
AXA Investment Managers - Real Assets is beefing up its exposure to logistics, Laurent Jacquemin, head of European transactions at the group, told REFIRE at EXPO REAL. ‘We want to grow our logistics portfolio, notably in Germany,’ Jacquemin said. Read more
Real I.S.
Real I.S. snaps up first office for Themenfonds Deutschland II fund
German fund manager Real I.S. has snapped up its first property for its Themenfonds Deutschland II fund - an office and retail scheme in Munich with a hotel component - for €190m. Read more
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AXA acquires €1b European logistics portfolio from Gramercy
AXA Investment Managers - Real Assets has agreed to acquire a portfolio of 39 predominantly logistics assets spread across five European countries from Gramercy Property Europe for around €1bn. Read more
redos real estate GmbH
Redos adds five further Kaufland assets in 200m spending spree
The institutional fund unit of German retail specialist Redos has added 13 German retail assets worth €200m to its Redos Einzelhandel Deutschland fund across several low-key transactions over the last five months. The fund is targetting a total... Read more
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German hotel deals keep up momentum of record year 2016
The German hotel investment market had a record year in 2016 at a volume of nearly €5.2bn, helped by a record fourth quarter which saw more than €2bn in volume across 60 transactions, as well a several larger portfolio deals. This was against a... Read more