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Conwert

Berlin at night

© Bruder Jakob - Fotolia.com

In what could be a first for a major German fund manager, giant Union Investment is getting close to concluding a deal to buy about 16,000 German apartments for a sum of up to €2bn from the Chinese sovereign fund CIC. Read more

Investment

Rolf Buch - Vonovia

Vonovia SE

Germany’s biggest residential landlord, Vonovia, has outbid Starwood Capital to offer around €900m for a stake in Swedish residential group, Victoria Park, thereby cementing the latest step in its strategy to grow the business outside Germany. Read more

Companies

Commercial Property

© Roman Sigaev - Fotolia.com

German-Austrian BUWOG Group has acquired a residential and commercial real estate portfolio in northern Germany from several unnamed international institutional investors for an undisclosed sum. Read more

Investment

Rolf Buch - Vonovia

Vonovia SE

Germany's largest residential property company Vonovia is buying Austrian rival BUWOG in a cash deal which values BUWOG at €5.2b. The move will see Vonovia increase its housing stock from 350,000 to 400,000 units, and give it valuable access... Read more

Companies

Rolf Buch - Vonovia

Vonovia SE

Germany's biggest residential landlord Vonovia has reported an increase in core profit (FFO 1) of 18% to €457.7m in the first half of 2017, it announced this month. Vonovia attributes the growth to its billion-euro investment program and organic... 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

Deal

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The DAX-listed German residential property investor and manager Vonovia SE has succeeded in gaining the minimum acceptance threshold of 50% plus one share in its takeover offer for listed Austrian group Conwert Immobilien. Official notification of... Read more

Companies

Johannes Meran CEO

Andi Bruckner

The listed, Berlin-based commercial property investor GxP German Properties AG is the new owner of the so-called Thor Portfolio, consisting of eight office properties across Germany. The seller is the Orion European Real Estate Fnd IV from Orion... Read more

Companies

Shareholder, Numbers, Figures

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The dispute over board membership between listed residential real estate companies Adler Real Estate and Austria's conwert Immobilien (as reported in last month's REFIRE) was peacefully resolved at the last minute in mid-March, and so it's a... Read more

Companies

Dr. Wolfgang Beck - Conwert Immobilien

Conwert Immobilien Invest

The ongoing saga that is Germany's wave of consolidation among its listed residential property companies may reach its zenith later this month (at least temporarily) at a special shareholder meeting in Vienna of Austrian-listed Conwert Immobilien. Read more

Companies