Credit Suisse
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Eight major German investors agree on new data sharing platform
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
Tino Pohlmann
Newly-public Instone to develop listed Halle space for residential
nstone Real Estate has acquired a former tea trading headquarters in Halle an der Saale that it plans to convert into more than 100 apartments for an undisclosed sum, it announced this week. Read more
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Instone flotation to value company at more than €1bn
German residential property developer Instone Real Estate Group confirmed this month that it planned to go public by listing its shares on the Frankfurt Stock Exchange this year. The IPO, mooted to be for mid-February but almost certainly in the... Read more
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Nordic Capital Fund VIII swallows German operator Alloheim
Swedish buyout group Nordic Capital is buying Alloheim, Germany’s second-largest nursing home operator, for about €1.1 billion including debt, from the Carlyle Group. Nordic Capital said it intended to support Alloheim’s management... Read more
Aareal Bank AG
Aareal eyes funding opportunities in the US
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
Sirius Real Estate plc
Waterway sells Orion's THOR 2 portfolio to Sirius in €24m deal
Sirius Real Estate, which focuses on German business parks with light industrial properties, has bought the "Thor 2" Portfolio from Orion Capital Managers for €24m in a deal exclusively orchestrated by Frankfurt-based Waterway Investments, who specia Read more
Deutsche Wohnen AG
Deutsche Wohnen books €672m profit in 1H
Germany’s second largest listed landlord Deutsche Wohnen has reported consolidated group profit of €672m in the first half of 2017, up from €647.2m in the same period last year, it announced in August. Read more
Deutsche Wohnen AG
Deutsche Wohnen increases FFO, says 'not averse' to takeover bid
Germany's second-largest publicly listed residential property company Deutsche Wohnen reported a strong start to the year with an increase in most of its key perfromance indicators, and confirmed its forecast for the full year, independent of any... Read more
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Castlelake, FFIRE win out in recent NPL and distressed sales
Two other low-key deals attracted our attention recently, both involving companies known to be very discrete about their operations. In a sizeable transaction, US distressed asset specialist Castlelake bought a German retail portfolio comprising... Read more
Andi Bruckner
New-look GpX buys €89m Thor Portfolio from Orion
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
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RiverRock launches €200m mezzanine fund for German B-cities
The UK-headquartered RiverRock European Capital Partners has launched its first real estate mezzanine debt fund for German commercial real estate, raising investment capital from European and Middle Eastern institutional and family office investors. Read more
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BIIS Conference hears bullish projections for Germany through 2018
With the demise of the traditional January CIMMIT conference a couple of years ago, the likewise in January recurring BIIS event for Germany's real estate fund managers seems to have scooped up a lot of the overspill. Read more
KanAm Grund REAM
KanAm study shows how fast open-ended funds are liquidating
The Frankfurt-headquartered real estate fund manager KanAm Grund REAM has just published the third annual edition of its open-ended funds study, entitled "Liquidation of open-end real estate funds from the point of view of the investor", and it... Read more
Scout24 AG
Scout24's IPO gets off to hesitant start
Germany's Scout24 Group, which includes ImmobilienScout24, the largest property website in Germany, debuted on the Frankfurt Stock Exchange this week. The company placed 38.64m shares, including 7.6m new shares in the form of new capital raising... Read more
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Conwert in exclusive talks to buy €1.1bn BGP portfolio
Barely three months after fending off a takeover offer for itself, Austrian listed property company conwert Immobilien Invest is in exclusive talks to buy the €1.1bn residential property asset portfolio of BGP, the company spun off by the... Read more
Orion Capital Managers
Orion clinches €600m Odin portfolio deal from Credit Suisse
Two open-ended funds from Credit Suisse have sold the much speculated-upon Odin office portfolio to London-based private equity firm Orion Capital Partners, for a sum thought to be just north of €600m. The portfolio consists of 19 separate assets... Read more
Orion Capital Managers
Orion to buy €600m Odin portfolio from liquidating Credit Suisse
London-based private equity firms Orion Capital Partners is in advanced negotiations to buy the huge Odin office portfolio from funds managed by Credit Suisse Asset Management (CSAM), according to a report last week by German trade magazine... Read more
Credit Suisse Group AG
Credit Suisse planning big boost in German investment
German trade publication Immobilien Zeitung carried an interesting interview recently with the head of real estate investment at Swiss bank Credit Suisse, Daniel Tochtermann-Pedio. The bank had earlier made it clear that it planned considerable... Read more
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BIIS Conference focused on changes in German market
The question of how Germany's troubled open-ended and closed-ended funds would fare this year was at the centre of this year's gathering of the Association of German Real Estate Valuers BIIS, against a global background where 10% more... Read more
Hyatt Hotels
Qatari sovereign fund planning further German acquisitions
We reported some months ago in REFIRE about the first real estate investments made by the Al Faisal Holding Group, a subsidiary of the huge sovereign wealth fund of Qatar. The group was thought to have paid over €200m for two of Berlin’s more... Read more