FFO Funds
TLG IMMOBILIEN GmbH
TLG Immobilien offers enhanced dividend on improved prospects post-IPO
Recently-floated eastern German commercial property specialist TLG Immobilien has dangled the enticing prospect of up to 6% dividend yield for next year, based upon sharply higher FFO for the first nine months, up 28% to €40.4m. The company’s... Read more
LEG Immobilien AG / Andreas Teichmann
LEG Immobilien bullish on expansion, growth prospects
We reported in the last issue of REFIRE about the major acquisition by Düsseldorf-based listed residential investor LEG Immobilien AG of a further 9,600 residential units in its heartland of North Rhine-Westphalia from fellow-listed Deutsche... Read more
LEG Immobilien AG / Andreas Teichmann
LEG Immobilien buys NRW ex-Vitus portfolio from Annington
Listed Düsseldorf-based LEG Immobilien AG took advantage of a timely deal with a compatible residential portfolio from fellow-listed Deutsche Annington, as it bought a further 9,600 residential units in its heartland of North Rhine-Westphalia. Read more
© davis - Fotolia.com / Dundee International REIT
Strong German rental market lifts Canada’s Dundee
Canadian-listed Dundee International REIT, which is exclusively invested in German office and commercial properties, saw its FFO funds from operations surge from €10.5m to €16.1m in the first quarter (year on year), based primarily on very buoyant... Read more
U. Kneise / Archiv GAGFAH
Gagfah starts disposal programme, plans dividend resumption
It may be just a question of perception, but it certainly feels as if there are fresh winds blowing through listed German residential investor Gagfah AG since the arrival last spring of Thomas Zinnöcker as CEO from Berlin’s GSW Immobilien AG. Read more
© dutchlight - Fotolia.com
DIC Assets integrates JV portfolio, raises €100m
Listed German commercial real estate investor DIC Asset AG raised about €100m last week when it completed a rights issue and a cash capital increase, which will allow it to take control of a €480m portfolio of 54 German office and retail assets... Read more
Grand City Properties
Grand City Properties growth supporting bond issuance
We reported in a recent issue of REFIRE on the Luxemburg-registered Grand City Properties, a medium-sized listed German housing investor which had just successfully placed two new bonds of €100m each, to follow up on a €100m convertible bond... Read more
Andi Bruckner
Austria’s Conwert still hungry for German residential
Viennna-listed Conwert Immobilien is another Austrian company which, like Immofinanz (see elsewhere in this issue), is hungry for German residential portfolios to add to its burgeoning German holdings. Its latest acquisition is a portfolio of... Read more