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FFO Funds

Finkbeiner und Karoff -

TLG IMMOBILIEN GmbH

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

Companies

Thomas Hegel - LEG

LEG Immobilien AG / Andreas Teichmann

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

Investment

Thomas Hegel - LEG

LEG Immobilien AG / Andreas Teichmann

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

Investment

Jane Gavan anf Rene Gulliver - Dundee

© davis - Fotolia.com / Dundee International REIT

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

Companies

Gagfah in Sachen Anhalt

U. Kneise / Archiv GAGFAH

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

Companies

Commercial real estate

© dutchlight - Fotolia.com

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

Companies

Grand City Properties

Grand City Properties

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

Investment

Johannes Meran CEO

Andi Bruckner

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

Markets