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Helaba

Commercial real estate

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More and more investors are willing to take on development risk, with project developments and forward deals surging in popularity, according to JLL’s New Business Report: Real Estate Financing, Germany, published this month. Read more

Investment

Charles Balch - pbb

pbb

We report in this issue on a further decline in sentiment among German property financiers (see article on BF.Quarterly Barometer). However, not all traditional banks are retrenching completely from their regular financing hunting grounds. Read more

Companies

Sony Centre

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The recent mega-deal which saw Canadian pension fund Oxford Properties and Madison International buy the Sony Centre in Berlin from Korea's national pension fund for €1.1bn has now been financed by the buyers. They have closed a €625m loan... Read more

Investment

Logistik Germany

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German real estate lending volumes were a mixed bag in the 1H of 2017, in a sign that the market is becoming increasingly difficult to call. Read more

Markets

Andreas Segal - Deutsche Wohnen AG

Deutsche Wohnen

Listed German-Austrian full-service housing provider BUWOG will next week conclude a cash capital increase by offering a total of up to 12.5 million Buwog shares with a subscription ratio of 1:8. Read more

Companies

Real_Estate_Figures

J. M. Dodds

Increasing uncertainty in global markets mixed with creeping pessimism is putting the brakes on the lending market in Germany. Read more

Markets

Purse - Geldbörse

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After a sluggish start to the year, German lenders are starting to loosen their purse strings again. Read more

Markets

Sabine Keulertz - JLL

JLL

Demand for German shopping centres was so high in 2016 that yields have fallen to a record low of 4%, and a new study by JLL sees this falling to 3.9% by the end of 2017, against the background of continued low interest rates. Yields of 4% are... Read more

Markets

Sascha Wilhelm - CORESTATE

CORESTATE Capital AG

What a year it's turning out to be for Luxembourg-based real estate investor Corestate Capital. Barely two months after its finally successful IPO on the Frankfurt Stock Exchange, the company made a series of newsworthy announcements... Read more

Companies

Residential Property Germany

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BUWOG Group, the listed German-Austrian full-service residential property investor, recently signed a loan agreement with Berlin Hyp and Helaba for €550m to refinance senior debt with a new loan period of eight years. Read more

Companies

Thomas Gross - Helaba

HELABA

There has been speculation for at least the last couple of years that the Frankfurt-based Helaba was looking to unload its property fund manager subsidiary Hannover Leasing. Now those plans are concrete, with Helaba announcing that it plans to... Read more

Companies

Pfandbrief

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

Markets

Schuldschein

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Germany's first and original REIT, the Hamburg-based alstria Office REIT AG, has placed its first 'Schuldscheindarlehen', or unsecured promissory note with a total volume of €150m. This is the first time that a listed German real estate company... Read more

Companies

Brexit

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The issue of Brexit inevitably came up in all serious discussions about commercial real estate at the recent MIPIM in Cannes. The British referendum on June 23rd on whether to remain in or leave the EU was clearly a key theme occuping minds, and... Read more

Markets

Peter Axmann - HSH Nordbank

HSH Nordbank AG

A higher-than-expected level of early repayments forced the hand of property lender HSH Nordbank in 2015, which saw it raising its level of new business last year from the budgeted €3.6bn to €4.5bn. Read more

Companies

Frankfurt

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With the demise of the traditional January CIMMIT conference a couple of years ago, the likewise in January recurring BIIS event for Germany's real estate fund managers seems to have scooped up a lot of the overspill. Read more

Markets

Garden Tower

Hochhaus I Objekt S.á.r.l. & Co.KG

Curzon Capital Partners IV (CCP IV), a core-plus fund advised by pan-European real estate investment manager Tristan Capital Partners, has bought the Garden Tower, a prominent 27,500 sqm multi-tenant office tower in Frankfurt’s banking district... Read more

Investment

Tobias Kassner - BulwienGesa

BulwienGesa

A major new report on the German logistics market by market researcher BulwienGesa throws up a number of surprises, including several names that might not have figured on our own speculative list as to who are Germany's most active investors in... Read more

Markets

Logistic business

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A number of significant logistics deals took place throughout November involving several key players in the sector and banks that have committed increasing resources to German logistics. Read more

Markets

Gero Bergmann - Berlin Hyp

Berlin Hyp AG

German real estate lender Berlin Hyp has been tapping the markets heavily this year to refinance its lending, and in October issued its third €500m mortgage Pfandbrief since April – which, like its predecessors, was heavily (2.4 times) oversubscibed. Read more

Markets