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Credit Suisse

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. more

Markets

Torsten Kracht - Instone Real Estate Group

Tino Pohlmann

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. more

Investment

IPO

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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... more

Companies

Sold, Deal

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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... more

Companies

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. more

Companies

Andrew Coombs - Sirius Real Estate

Sirius Real Estate plc

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 more

Investment

Philip Grosse - Deutsche Wohnen

Deutsche Wohnen AG

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. more

Companies

Philip Grosse - Deutsche Wohnen

Deutsche Wohnen AG

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... more

Companies

Deal Vertrag

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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... more

Investment

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... more

Companies

Retail

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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. more

Companies

Frankfurt

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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. more

Markets

Study 2015 - KanAm Grund REAM

KanAm Grund REAM

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... more

Markets

Gregory Ellis - Scout24

Scout24 AG

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... more

Companies

Investment

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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... more

Investment

Aref Lahham, Van Stults, Bruce Bossom

Orion Capital Managers

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... more

Investment

Aref Lahham, Van Stults and Bruce Bossom - Orion Capital Managers

Orion Capital Managers

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... more

Investment

Credit Suisse Headquarters

Credit Suisse Group AG

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... more

Companies

Money Investment

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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... more

Investment

Grand Hyatt Berlin

Hyatt Hotels

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... more

Investment