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European Central Bank

Berlin

© Marcus Klepper - Fotolia.com

A report published last week by Capital Economics suggests that German office capital values are likely to peak in 2018, although the report concludes that after rising steadily for years, a sharp correction seems unlikely. more

Markets

Peter Finkbeiner - TLG

TLG IMMOBILIEN AG

German real estate investors are unlikely to be fazed by a moderate rise in interest rates imposed by the European Central Bank, and would not radically alter their medium-term strategies, according to a recent study by Catella Research. more

Markets

Construction site

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It was a bumper first quarter for Germany’s construction sector, marking the strongest first quarter for construction housing sales in 20 years, according to Germany’s construction sector association... more

Markets

Barbara Knoflach - SEB

SEB Investment GmbH

The third outing of the Jahreskongress Finanzierung für die Real Estate Industry took place at the end of April, this time for the first time in Berlin after two previous stagings in Frankfurt am Main – perhaps in itself a statement... more

Markets

Commerzbank AG

Commerzbank AG

REFIRE met recently with Commerz Real, the Wiesbaden-based real estate fund subsidiary of Commerzbank, to catch up and get an idea of where the company sees opportunities in 2018. Our clear take-home message was the company's new focus... more

Companies

German housing construction

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The biggest obstacle to the provision of more affordable new housing in Germany's biggest cities is the lack of suitable sites and a flawed building regulatory framework, according to the country's Federal Institute for Research on Building, Urban... more

Markets

Investment

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Germany could be headed for a bumper year with up €100b in deals, according to Fabian Klein, head of investment Germany at CBRE in Frankfurt. ‘We’re expecting a record year in Germany this year, with at least €50b of deals. If enough supply comes... more

Markets

Charles Kingston - REFIRE

REFIRE

As Gary Lineker famously commented, “Football is a simple game. Twenty-two men chase a ball for 90 minutes and at the end, the Germans always win.” Nowadays, in the shadow of Brexit, the world of real estate is beginning to feel a little bit like... more

Opinion

Barometer Trend

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Banks' willingness to finance German real estate has improved significantly, according to the latest BF.Quartalsbarometer carried out by market researcher BulwienGesa. more

Markets

Charles Kingston - REFIRE

REFIRE

This week we learned from national property association IVD that the rate of increase in rents and housing prices in Germany has actually accelerated over the last two quarters. Prices for apartments, particularly in the larger cities, rose 6%... more

Opinion

Michiel Jaski - IVG

IVG

Germany's erstwhile largest listed company IVG Immobilien AG 'indefinitely' shelved its plans to list its OfficeFirst subsidiary, citing deteriorating market conditions. more

Companies

Thomas Kuhlmann - Hahn Group

Dr. ZitelmannPB.

Investor willingness to commit more re- sources to German retail is at its highest level in six years, despite the interven- ing rise in prices and emerging signs of overheating in the market, according to the latest issue of the very useful Hahn... more

Markets

Julian Newiss - Catalys Capital

Julian Newiss

The UK-based real estate investment and asset management firm Catalyst Capital has emerged as the buyer of a portfolio of properties in Germany, the Project 10 portfolio from German firm TRIUVA, the institutional funds division of restructured... more

Companies

Pfandbrief

© Björn Wylezich - Fotolia.com

There were two notable Pfandbrief issues in Germany over the past couple of weeks, both at least twice oversubscribed by investors. more

Markets

ECB

ECB / Robert Metsch

A new report on European Commercial Property predicts that the European Central Bank will feel compelled to take even more stimulus measures above and beyond last month's loosening, resulting in more benefits for prime property as a high-yielding... more

Markets

Dreieich Nordpark

MEC METRO-ECE Centermanagement GmbH & Co. KG

M&G Real Estate fund management group, which acts as the asset manager in Europe for the giant Prudential insurance combine, is continuing to roll out what it calls its ‘core’ European property strategy by buying a major retail park just south of... more

Companies

Dr. Louis Hagen

Münchener Hypothekenbank eG

Real estate financing bank Münchener Hypothekenbank posted its most-ever new business lending in 2014, up 23% year-on-year to €4.4bn. the big driver was increased lending to the private residential sector, which rose 28% to €3.4bn. Commercial propert more

Companies

Eurotower - Frankfurt

Epizentrum / Wikimedia Commons

The Eurotower, the previous home of the European Central Bank in the centre of downtown Frankfurt, is being sold by its owners, the New York-based RFR Holding, to Germany’s IVG Institutional Funds, for €480m in a share deal. The beneficial owner... more

Investment

Andreas Dombret - Bundesbank

Deutsche Bundesbank

While the European Central Bank was announcing plans to open the financial spigots to combat the threat of European deflation, across town in Frankfurt at the Bundesbank German financial regulators said they are studying tools that can be used to... more

Markets

Like many involved in the global real estate comings and goings, we at REFIRE have had difficulty keeping up with the current state of play at property broker DTZ, so numerous have been the rumoured (and actual) changes in ownership and strategic... more

Companies