Ernst & Young

Rolf Buch - Vonovia

Vonovia SE

A whopping 90% of German asset managers want to increase their exposure to the residential sector, according to an asset management study published this month by Ernst & Young and Germany’s largest residential landlord, Vonovia. Read more


Saul Goldstein - Activum SG

Activum SG Capital

Jersey-based investment group Activum SG Capital (ASG) has taken over Germany’s fairvesta Group from the Knoll family via its acquisition of a German office and retail portfolio valued at around €800m. Both parties have agreed not to disclose the... Read more


Global real estate

© Tiberius Gracchus -

INREV and AREF have launched a joint industry-wide consultation paper aimed at accelerating the debate on open-ended fund pricing policies, they announced this month. Read more


Thomas Hegel - LEG

LEG Immobilien AG / Andreas Teichmann

Benson Elliot, the UK-based private equity real estate fund manager, said it sold 700 units from its German residential portfolio to German listed investor LEG Immobilien, at a rental yield of 6.8%. Read more


1st REFD

Frankfurt School Verlag

"Loans are much cheaper in this country than in Scandinavia, for example, because Germany is overbanked," Matthias Moser, Group Head of Alternative Investments at Patrizia, informed the around 150 delegates at the 1st Real Estate Finance Day held... Read more


Higher Risk

© Olivier Le Moal -

Large investors in German real estate are showing an increasing appetite for taking on bigger risks for smaller yield, according to Ernst & Young’s annual real estate barometer. The researchers also expect to see a rise in cross-border... Read more


Turmcenter Frankfurt


Benson Elliot, the UK-based private equity real estate fund manager, has bought the Turmcenter, Eschersheimer Landstrasse 14, in Frankfurt’s central business district from Landesbank Baden-Württemberg. The 23-storey office tower has been... Read more


Frankfurt at night

© Eisenhans -

We hesitate to report on yet another study issued by consultants EY (formerly Ernst & Young) on the subject of German non-performing loans, since it appears to us that almost annually at around this time, the group’s researchers issue a bullish... Read more



Ernst & Young

After several years of threatening to do so, it now really appears as if German insurance companies have put their money where their mouths are and have noticeably increased the allocation to real estate in their asset portfolios since the... Read more



© Alexandr Mitiuc -

The German real estate market is still polarised in terms of financing opportunities, according to Derk Opitz, partner at law firm Ashurst. Residential property is particularly popular, but the picture for other asset classes is somewhat more... Read more


Flocking to Europe

Ernst & Young

The latest issue of consultants Ernst & Young’s annual distressed loan survey attracted our attention for its focus on what it sees as a major shift from the US to the European NPL market – although some cynics might say we’ve been hearing this... Read more


Residential assets in Berlin

© ArTo -

The debt crisis, ongoing fear of inflation and low interest rates will continue to fuel demand for German real estate through 2013, according to the 7th annual Trend Barometer German Real Estate Investment report recently published by E & Y... Read more