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Commerz Real

Andreas Muschter - Commerz Real AG

Commerz Real AG

The Commerz Real open-ended real estate fund hausInvest intends to invest about €2bn in residential real estate within the next five years by teaming up with Wertgrund Immobilien, the Commerzbank subsidiary said in a recent statement. Read more

Investment

Frankfurt

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Even by Frankfurt’s standards, it was a busy week for sales. No less than three office towers changed hands within a seven-day period earlier this month in the city for more than a billion euros, along with a number of significant other office transa Read more

Investment

Philipp Schaper - Patrizia

Patrizia

Patrizia Immobilien subsidiary TRIUVA, has agreed the forward purchase of Junghof Plaza, a 33,000sqm, mixed-use property in the centre of Frankfurt, for about €400m. The property was bought on behalf of a large German pension scheme from a joint vent Read more

Investment

Housing market

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The boom in investment into the student and micro-housing market in German shows no sign of any let-up, with transaction volume for the first half of the year up a whopping 224% to more than €1.6bn, shows the latest study by property brokers CBRE. Read more

Markets

Real Estate Digital

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Berlin-based proptech company Architrave has taken a major stride forward by signing up eight leading German commercial real estate and asset management companies to develop a common open digital strategy. Read more

Markets

Hotel

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Listed German commercial real estate investor Aroundtown featured in two prominent German hotel deals this month, as part of its almost frenetic acquisition and disposal strategy since taking a full German stock exchange listing last year. Read more

Investment

Hotel

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The transaction volume in the German hotel market tumbled by 41% in the first quarter to €661m, according to CBRE, as demand continues to radically outstrip supply. Read more

Markets

Commerzbank AG

Commerzbank AG

REFIRE met recently with Commerz Real, the Wiesbaden-based real estate fund subsidiary of Commerzbank, to catch up and get an idea of where the company sees opportunities in 2018. Our clear take-home message was the company's new focus... Read more

Companies

Commerzbank AG

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Samsung SRA Asset Management, a consortium of financial divisions of South Korea's Samsung Group, was named last week as the preferred bidder to take over Germany's Commerzbank's headquarters in Frankfurt, the tallest office building in Europe. Read more

Investment

Hotel

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It's still all green lights in the German hotel investment market. Following on from last year, new records are being broken as the first half of this year saw transaction volume of nearly €2 billion, a record for a six-month period and 35% up on... Read more

Markets

Alexander Hoff - Palmira

Palmira Capital Partners GmbH

German logistics investor Palmira Capital Partners has launched its first pan-European logistics fund, the Palmira Logistik Europa Fonds 1 (PLEF), with a target volume of €300 million. Over the next 18 months the fund will invest in core logistics... Read more

Investment

Office - Unternehmensimmobilie

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REFIRE recently attended a lively evening of debate and discussion as to where the real estate investor should be looking in Germany to get his traditional target of 5% return. The occasion involved presenting an analysis of the market carried out... Read more

Markets

Hotel

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With interest in German hotels at unprecedented levels, numerous investors have been bringing in the consultants to review what they are doing – or should be doing – with their hotel assets. Read more

Markets

Andreas Muschter - Commerz Real AG

Commerz Real AG

Commerzbank, Germany’s second largest bank, is continuing to slash its commercial property loan book, selling off €16bn of loan exposure last year to stand at a current €20bn. The bank plans to reduce this further to €11bn through 2016. Read more

Companies

Köln - Cologne

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Fast-growing Canadian commercial property advisory Avison Young tied up its second deal in Germanyy recently on behalf of two Canadian pension funds. The company has wasted little time in getting active in Germany since opening a new office in... Read more

Investment

NH Düsseldorf City Nord

NH Hoteles Deutschland GmbH

There has been a lot of movement at European fund management business Internos Global Investors over the past few months, so much so that we decided to visit Paul Muno, head of Internos’s burgeoning German operations, to learn more about what was... Read more

Companies

Investments

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Alternative investments are becoming more attractive to German institutional investors, with a third planning to invest more in real estate and infrastructure, according to a new survey by Frankfurt based Universal Investment. Read more

Investment

Hotel Real Estate Fund

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Fresh from its recent takeover of Commerz Real’s Spezialfonds business in Germany, which we reported on in a recent issue of REFIRE, fund management business Internos Global Investors said it made its second closing with €210m of equity for its... Read more

Markets

Fairmont Four Seasons Hotel Hamburg

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It’s been a blistering start to the year for the German hotel sector, which has veered right back into the cross-hairs of institutional investors after a lengthy period of being decidedly out of fashion. At €596m in new deals this year, that’s a... Read more

Markets