GSW Immobilien AG


© flyinger -

Ado Properties, a German subsidiary of Tel Aviv-listed company Ado, has continued its recent buying spree, most recently buying 43 apartment buildings in its target market of Berlin for €130m. The properties, totalling 1,300 apartments, were... Read more


Apartment by Gagfah


Investors have been steadily buying Luxembourg-based Gagfah stock over the past year, and seem increasingly encouraged by the wave of positive news coming from the company, particulary since the arrival of Thomas Zinnöcker as CEO from GSW... Read more


Fragmented housing

© Lev -

A new study on Germany’s residential housing market shows how fragmented the market is and how the lack of scale efficiencies have led to inflated cost structures, despite robust growth among listed residential property firms. Read more


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


Winter in Berlin

© Berlinpictures -

Berlin breaks all records. Between June 2012 and 2013, Berlin's population increased by almost 50,000. And there were more than 20,000 new households. Although the number of finished dwellings did increase, the figure was still with approx. 5,400... Read more


Berlin at night

© Bruder Jakob -

A joint venture headed by U.S. investor Lincoln Equities has sold 1,900 apartments in Berlin to a German institutional investor. This is the second segment of the 4,450-unit portfolio acquired by Lincoln with Canadian institutional capital in 2008... Read more


Hamburg Volksdorf

M.Ehrich/ Archiv GAGFAH

Global real estate advisory firm Situs said last week that it had got the mandate as the primary and special servicer for the recent €700m Gagfah CMBS German Residential Funding 2013-2 Limited securitisation, part of the listed multifamily... Read more


Michael Zahn


Germany is about to get a new giant property company following the removal of the last regulatory obstacles to the merger of Deutsche Wohnen AG and GSW Immobilien AG. Last week more than the required three quarters of GSW’s shareholders gave their... Read more


Mega Merger

© tsyhun -

Whatever happens in the planned merger between the two German listed residential operators Deutsche Wohnen and Berlin’s GSW Immobilien AG, one shareholder in Deutsche Wohnen who won’t be around as it plays out is giant private equity group Blackstone Read more


Numbers and figures

© sato -

It’s not really been a good month for Germany property companies tapping the capital markets. Or perhaps it’s fairer to say that the appetite is still there for German residential exposure, but bookrunners are finding out that the market has... Read more


We would hesitate to herald a new dawn of shareholder activism in Germany on the strength of recent board turbulence, but it might be true to suggest that institutional investors will have taken note of the manner of the sacking of the chief... Read more