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Deutsche Wohnen AG

Investment

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Listed Berlin commercial property investor TLG Immobilien AG bought a nearly 10% stake in fast-growing rival real estate company Aroundtown AG for just over €1bn, and is contemplating a full merger with the company, which would create one of... Read more

Investment

Mietpreisbremse

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Germany’s much-maligned Mietpreisbremse, or rental price brake law, is unlikely to survive Germany’s still to be determined new coalition government in its present form, real estate experts have told REFIRE, in light of the tumultuous federal... Read more

Markets

Andreas Segal - Deutsche Wohnen AG

Deutsche Wohnen

Listed German-Austrian full-service housing provider BUWOG will next week conclude a cash capital increase by offering a total of up to 12.5 million Buwog shares with a subscription ratio of 1:8. Read 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... Read more

Companies

Deutsche Wohnen - Zentrale

Deutsche Wohnen

German listed residential landlord Deutsche Wohnen has acquired a portfolio of 3,900 residential units and 270 commercial units in Berlin from an unnamed seller for €655m, it announced earlier this month. Read more

Investment

Deal

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The DAX-listed German residential property investor and manager Vonovia SE has succeeded in gaining the minimum acceptance threshold of 50% plus one share in its takeover offer for listed Austrian group Conwert Immobilien. Official notification of... Read more

Companies

Philipp Schaper - Patrizia

Patrizia

The Augsburg-headquartered Patrizia Immobilien confirmed that it was the purchaser of the 'multi hundred million euro' German residential portfolio located in western Germany from Bouwfonds Investment Management last month. Patrizia bought the... Read more

Companies

Alexander Porschowsky - Conwert

conwert Immobilien Invest SE

Austrian listed Conwert Immobilien, in the process of being taken over by Germany’s largest property company Vonovia, has sold a large chunk of its commercial property portfolio to an unnamed international group of investors for €335m, which it... Read more

Investment

Nursing Home

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Deutsche Wohnen AG's €420.5 million nursing home portfolio deal — one the biggest transactions in the nursing home space in Germany for several years — followed a protracted bidding process that included several international bidders. Read more

Markets

Ernst Vejdovszky - S Immo AG

Schenk / S Immo AG

Austrian real estate company S Immo AG has sold about a third of its German residential portfolio to a fund subsidiary of capital investment firm Deutsche Investment. The fund, Deutsche Investment Wohnen III, teamed up with Berlin property... Read more

Companies

Money

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German indirect real estate investing vehicles saw inflows at record levels in 2015, shows a new study by Düsseldorf-based capital market research specialists Akselrod Barkow Consulting. Read more

Markets

Dr. Wolfgang Beck - Conwert Immobilien

Conwert Immobilien Invest

The Vienna-listed residential and commercial property investor Conwert Immobilien Invest said it surpassed its sales target for non-core assets during 2015, and expects a further €300-350m of disposals this year. In a statement the company said it... Read more

Companies

Rolf Buch - Vonovia

Vonovia SE

Shareholders in Vonovia, Germany's largest residential property company, gave their company the green light this week to go ahead with its bid for Germany's number 2 player Deutsche Wohnen AG. Deutsche Wohnen is resisting the takeover, and last... Read more

Companies

Adler Real Estate - Axel Harloff

Adler Real Estate AG

Shareholders in Frankfurt listed Adler Real Estate have approved a €175m convertible bond designed to finance the €285m purchase of a 25% stake in Austrian listed peer conwert. Read more

Companies

Merger

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Germany's wave of residential property company consolidation has intensified even further, as the biggest players rush to achieve a bigger slice of the huge market for rental housing, in which economies of scale can lead to huge boosts in... Read more

Markets

Michael Zahn

DEUTSCHE WOHNEN

Another listed residential housing company to post strong first-half figures based on rising rents and appreciation in capital values is Deutsche Wohnen AG which, like LEG Immobilien (see elsewhere in this issue), has also raised its forecast for... Read more

Companies

Peter Barkow - Barkow Consulting

Barkow Consulting GmbH

2015 is shaping up to be a record year for the volume of capital flowing into German real estate vehicles – both listed and private – after €10.4bn flowed into the sector in the first six months of this year, according to a new study by Barkow... Read more

Markets

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... Read more

Investment

Rolf Buch - Deutsche Annington

Deutsche Annington

Rolf Buch, the CEO of listed Deutsche Annington, told German newspaper Welt am Sonntag recently that his company was looking at every residential portfolio that came on the market in Germany with more than 1,000 units, to see whether they might... Read more

Investment

Börse Frankfurt

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The uncertainty and renewed volatility on Frankfurt's Stock Market in the run-up to the Greek referendum led to the cancellation of the planned IPO of Israeli-led group Ado Properties, while the proposed flotation of Munich-based pbb Deutsche... Read more

Markets