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Deutsche Telekom

Corpus Sireo Headquarter

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

Investment

Hotel Sector

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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

Markets

Hotel

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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

Markets

Ali Otmar - Tristan Capital Partners

Tristan Capital Partners

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

Companies

Ali Otmar - Tristan Capital Partners

Tristan Capital Partners

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

Companies

Aydin Karaduman - Bilfinger

Bilfinger Real Estate Germany

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

Investment

Purse - Geldbörse

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After a sluggish start to the year, German lenders are starting to loosen their purse strings again. Read more

Markets

Acquisitions, Contracts and Deals

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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

Companies

Fernsprechamt Schlüterstrasse - HH

Bartko-Reher OHG

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

Investment

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... Read more

Companies

IPO - Stock

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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

Companies

Sascha Wilhelm - CORESTATE

CORESTATE Capital AG

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

Companies

Berlin - Summit Germany

DRESTATE Services GmbH

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

Investment

Telekom

Deutsche Telekom AG

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

Investment

Scout24

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

Companies

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

Companies