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Cushman & Wakefield

Global real estate

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In a transaction worth €376m, Frankfurt-based DIC Asset has signed a sales agreement to sell its entire 14% stake in Berlin listed peer TLG Immobilien to Ouram Holding and wealth manager Bedrock Group. Read more

Companies

Potsdamer Platz - Berlin

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French private equity group Ardian has bought an office in the centre of Berlin for its Real Estate Europe Fund from a fund managed by JP Morgan Asset Management. Read more

Investment

Frankfurt

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A South Korean consortium made up of IGIS Asset Management and Hana Financial Investment has bought the Trianon skyscraper in Germany for €670m from NorthStar Realty Europe Corp. It is the biggest deal in Germany this year. Read more

Investment

Warehouse and logistic space

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The average European logistics yield dropped 14 basis points (bps) to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began regularly tracking the three main property sectors in 1992... Read more

Markets

Student living

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European student housing deals have rocketed by 29% y-o-y to €13.6b across the continent in 2017, according to Cushman & Wakefield’s latest Student Accommodation Guide, published this month. Read more

Markets

Christoph Donner - Allianz

Allianz

Allianz Real Estate has formed a joint venture with US REIT Columbia Property Trust to acquire Class A offices in the US. Read more

Companies

Nigel Almond - DTZ

DTZ/Youtube

Germany is the second most popular lending market in Europe, according to Cushman & Wakefield’s fifth survey of major lenders across Europe, which was published this month (June). Read more

Markets

Shopping Centre

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A new report from property advisers Cushman & Wakefield (C&W) shows that 36,000 sqm of new shopping centre space will be completed in Germany this year, with another 67,700 sqm to be added in 2018. Nonetheless, German retail rents are expected to... Read more

Markets

Susanne Eickermann-Riepe - PwC

Susanne Eickermann-Riepe

A number of enlightening surveys were unveiled at the recent MIPIM in Cannes, particularly in the aftermath of the Brexit vote in the UK in an attempt to divine investors' new intentions. They differ in important ways, but one thing they have in... Read more

Companies

Sabine Keulertz - JLL

JLL

Demand for German shopping centres was so high in 2016 that yields have fallen to a record low of 4%, and a new study by JLL sees this falling to 3.9% by the end of 2017, against the background of continued low interest rates. Yields of 4% are... Read more

Markets

Lars Huber - Hines Europe

Hines Europe

Bayerische Versorgungskammer (BVK), Germany's largest pension scheme group with about €66bn under management, has bought a Danish retail property portfolio for €119m through a separate-account mandate with Hines, The seller was Avignon Capital. Read more

Investment

Martin Eberhard - Bouwfonds

Bouwfonds

Market observers will have noted the rise of car parks as an asset class recently, with leading operators such as APCOA notably rising their profile and their physical presence at key events such as the recent Expo REAL in Munich. Read more

Markets

Shopping mall - Fachmarktzentren

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The amount of new retail space being developed in the form of retail parks ("Fachmarktzentren") has fallen this year in Germany to only 71% of the previous year's growth level, in contrast to the trend in the rest of Europe. Europe as a whole will... Read more

Markets

Prof. Dr. Tobias Just - IREBS

IREBS Immobilienakademie International Real Estate Business School Immobilienakademie GmbH

Residential developments, logistics and hotels are driving commercial real estate lending in Germany, according to a report presented by academics from Regensburg University’s International Real Estate Business School (IREBS) at an event held in... Read more

Markets

Magali Marton - Cushman & Wakefield

Magali Marton

German open-ended funds(GOEFs) sold €1.7bn of commercial property assets in the first half of 2015 at an average discount of -4% over book value, according to research released by Cushman & Wakefield. This follows a record volume of sales of... Read more

Markets

Jan Bettink - Berlin Hyp

Berlin Hyp AG

German bank lenders to real estate are seeing falling margins and rising LTVs, although in both cases more modestly than expected, while new business growth is now back in single digits for the first time in four years, at 9%. Lenders are focusing... Read more

Markets

Investment - Buyer

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Private equity group Cerberus has hired UBS to find a buyer for its German cash & carry markets after abandoning its original plan to list its retail division through an IPO. The assets, many of which are wholesale markets leased to Metro, are... Read more

Investment

Real Estate

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The financing of the Mall of Berlin primarily through an occupational pension fund BVK, joined by Deutsche Hypothekenbank and BNP Paribas REIM-managed debt funds, as reported elsewhere in this issue, shows how the market for commercial property... Read more

Markets

Geripptes - Frankfurt

Wikipedia Commons

International property advisor Cushman & Wakefield’s Corporate Finance team estimates that European banks and asset management agencies have a gross exposure of €584 billion to non-core real estate which is subject to disposal or work-out... Read more

Markets

Partnership

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The recently-established strategic partnership between French group La Francaise and Forum Partners, in creating a European direct real estate investment joint venture, developed added muscle when the JV bought out Cushman and Wakefield Investors (CW Read more

Companies