Deutsche Telekom
Corpus Sireo
Strabag takes over property management from Corpus Sireo
Strabag Property and Facility Services, the German property management arm of listed Austrian construction group Strabag SE, has taken over the property management business from Corpus Sireo, the German property arm of insurer Swiss Life... Read more
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German investable hotel market to hit new high of €56b in 2018
Germany’s investment-grade hotel market is expected to hit a new high of €56bn by the end of this year, according to Dierk Freitag, a partner at consultancy Bulwiengesa, in a sign of just how rampant growth in the sector has become. Read more
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German hotel deals tumble by 41% year-on-year
The transaction volume in the German hotel market tumbled by 41% in the first quarter to €661m, according to CBRE, as demand continues to radically outstrip supply. Read more
Tristan Capital Partners
Tristan cleans up German portfolios with landmark property sales
London-based investment management boutique Tristan Capital Partners has been cleaning up several of its German portfolios, and in the last couple of months has made some significant disposals after improving and repositioning sevaeral prominent... Read more
Tristan Capital Partners
Tristan's long-life fund kicks off in Germany with Bonn office buy
European investment manager Tristan Capital Partners' CCP 5 ‘long-life’ core-plus fund has made its first investment in Germany with the acquisition of an office complex in Bonn occupied by Deutsche Telekom for around €35 million in an off-market... Read more
Bilfinger Real Estate Germany
Cording buys €143m German portfolio for Danish-Turkish JV
Northern European investment and asset manager Cording Real Estate Group has bought a German office portfolio for €143m on behalf of a joint venture between Denmark's Sparinvest Property Investors and the Turkish group Esas Properties. The seller... Read more
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German lenders: March round-up
After a sluggish start to the year, German lenders are starting to loosen their purse strings again. Read more
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France's Tikehau buys 80% of German-focused IREIT in Singapore
Diversified Paris-based investment group Tikehau Capital earlier this month completed the acquisition of 80% of the shares of Singapore-based IREIT Global Group, the real estate investment trust listed in Singapore set up to invest exclusively in... Read more
Bartko-Reher OHG
Peakside buys Fernmeldeamt in Hamburg from ex-Wölbern Fund
European private equity firm Peakside has bought a landmark building in Hamburg from the closed real estate fund Deutschland 01, originally established by Wölbern Invest. 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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Leading German property portal IPO imminent - reports
Rumours in Frankfurt financial circles are intensifying that an IPO flotation of German market-leading web portal Scout24 is imminent. The group, which includes the property website ImmobilienScout24, is thought to be preparing an autumn listing... Read more
CORESTATE Capital AG
Corestate bullish on German retail ahead of Asian inflows
The Swiss-based private equity group Corestate Capital has been both a big buyer and a seller in recent weeks, as it realigns its strategy towards higher, risk adjusted returns on capital in second-tier cities. Corestate's original primary market... Read more
DRESTATE Services GmbH
Summit Germany signs on two further deals for €95m
Another Germany-focused AIM-listed company is Summit Germany, which invests exclusively in commercial properties in the country's largest cities. It has been busy these past weeks, signing on a couple of interesting deals. Read more
Deutsche Telekom AG
CR Investment Management selling two German portfolios
The London and Berlin-based CR Investment Management said earlier this month it had been mandated to sell two German real estate portfolios made up of 20 different assets. The first portfolio, to be handled by CR’s Transaction Advisory Group, is... Read more
Scout24
Telekom sells 70% stake in internet portal Scout24
German telecoms operator Deutsche Telekom has sold a 70% stake in digital portal Scout24, which includes Germany’s largest property portal, to US private equity business Hellman and Friedman LLC, for about €1.5bn in cash. Read more
Corestate targeting €1bn investment, bullish on Asian inflows
Switzerland-based opportunistic private equity group Corestate Capital is gearing up for renewed investment in distressed or underperforming assets in Germany and perhaps – for the first time - further afield this year, as it continues to stitch... Read more