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Commerzbank

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

Wien

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Austrian listed property group Immofinanz bolstered its finances earlier this month when it placed €500m of fixed rate senior unsecured notes with a four year maturity and a 2.65% coupon. The net proceeds of the note issue will be used for the refina Read more

Companies

Frankfurt

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Singapore-based CapitaLand International - the wholly-owned international business unit of one of Asia’s largest real estate firms, CapitaLand Group – is on a drive to boost its exposure to German gateway cities next year... Read more

Companies

Berlin Hyp

Berlin Hyp AG

German real estate lender Berlin Hyp has raised €300m with the issue of the first syndicated senior preferred bond by a German bank. The order books were handled by Commerzbank, DZ Bank, and LBBW. Read more

Companies

Commerzbank Zentrale

Commerzbank AG

Germany's open-ended real estate funds have been riding a wave of liquidity to clean up and diversify their holdings, largely to very good effect, according to the latest annual ratings issued by Berlin-based rating agency Scope. Read more

Markets

Commerzbank AG

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Singapore’s largest commercial REIT by market capitalization, CapitaLand Commercial Trust (CCT), has acquired the ‘Galileo’ skyscraper in Frankfurt from Patrizia-owned Triuva for €356m, it announced this month. Read more

Investment

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

Sony Centre

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The recent mega-deal which saw Canadian pension fund Oxford Properties and Madison International buy the Sony Centre in Berlin from Korea's national pension fund for €1.1bn has now been financed by the buyers. They have closed a €625m loan... Read more

Investment

Aareal Bank

Aareal Bank AG

Fresh from the launch of its second US dollar Pfandbrief, Aareal Bank is eyeing further lending opportunities in the US, Alexander Kirsch, Director, Treasury - Capital Markets, at Aareal Bank, told REFIRE. Read more

Companies

Hotel Reception

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Australian apart-hotel operator Adina is on track to double its German portfolio by the end of 2019, its European director, Andrew Hunter, said. ‘We are developing around 900 rooms in Germany, which will all be completed by the end of 2019... Read more

Companies

Alexander Dexne - ZIA Zentraler Immobilien Ausschuss e.V.

ZIA Zentraler Immobilien Ausschuss e.V.

Listed German real estate firm Alstria Office REIT AG said recently it planned to double its portfolio to €6bn from its current €3bn over the coming years, without being more specific as to when it could achieve this. (See below for details on... Read more

Investment

Money

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It's only a few years ago since the German open-ended funds industry was in crisis leading to widespread liquidations – due to a lack of liquidity. The sector is suffering again, but this time for the opposite reason – a surplus of liquidity – as... Read more

Markets

Healthcare

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Investor and asset manager Corpus Sireo, the German subsidiary of Swiss Life, said it had bought twelve healthcare assets for its institutional healthcare funds for €130m, but indicated it planned to invest a further up to €400m in the sector this... Read more

Investment

Bodo Winkler - Berlin Hyp AG

Berlin Hyp AG

In the refinancing markets, Berlin Hyp and pbb Deutsche Pfandbriefbank have both got off to an active start to the year with a number of sizeable issues, all well received by the markets. Read more

Companies

Christian Schulz-Wulkow - EY

Ernst & Young GmbH

Demand for German real estate will remain high through 2017, led by the search for good office space in Berlin, Stuttgart, Hamburg and Munich – while in the residential sector, Frankfurt will see the strongest demand, according to the latest Real... Read more

Markets

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

Boris Hardi - Oaktree

Boris Hardi

US private equity investor Oaktree has launched a new offensive to sell off large chunks of its German property holdings. Read more

Companies

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

Pfandbrief

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There were two notable Pfandbrief issues in Germany over the past couple of weeks, both at least twice oversubscribed by investors. Read more

Markets

German French Germany France

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Two big French companies announced expansions in their German investments at the recent MIPIM in Cannes. Investment manager L'Etoile said it had more than doubled its German real estate portfolio in 2015, while REIT/SIIC Foncière des Régions has... Read more

Investment