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Invesco Real Estate

Frankfurt

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It's been a big month for Frankfurt office property with the sale in June of two of the most prominent office buildings in the city – booking big profits for their owners after what is in effect a very short period of ownership. Read more

Investment

German residential

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The Stuttgart-based Landesbank LBBW has launched its own real estate fund management business, and set up subsidiary LBBW Immobilien Investment Management GmbH (LIIM) to steer the new venture aimed at German semi-professional... Read more

Companies

Office Building

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Net operating income is becoming the key to driving total returns against a backdrop of tight yields, according to Invesco’s Real Estate House View: European summary 1H 2018, published this month. Read more

Markets

Hotels and hospitality groups

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An Oman-based investor group led by Al Zaman Group has bought a portfolio of four IntercityHotels across Germany from Invesco Real Estate (IRE) for an undisclosed amount. Read more

Investment

Stuart Reid - Rockspring

Florian Glock - REFIRE

Investment manager TH Real Estate has acquired the ‘United’ portfolio comprising five retail parks for its €500m Aldomus mandate for an undisclosed sum. Read more

Investment

Torsten Wesch - Redos

redos real estate GmbH

Hamburg-based retail property group Redos Real Estate has launched a new retail park fund that it intends to grow to €600m, the group announced this week. The regulatory envelope for the new AIF, Redos Einzelhandel Deutschland II, will be provided... Read more

Investment

Hotel Holiday Inn Munich City Center

IHG

Denmark’s largest pension fund ATP and an unnamed Dutch institutional investor represented by CBRE GIP have acquired the Hotel Holiday Inn Munich City Center for €187.5m from Invesco Real Estate. Read more

Investment

Hotel room - Motel One

Motel One GmbH

Invesco Real Estate plans on growing its newly-established European Hotel Fund, to a €1b plus fund within the next 18 to 24 months, Marc Socker, managing director, hotel fund management at Invesco Real Estate, told REFIRE this month. 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

Hotel Sector

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Germany has overtaken the UK to become the biggest hotel market in Europe, according to CBRE. Read more

Markets

Hotel Reception

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Australian apart-hotel operator Adina is on track to double its German portfolio by the end of 2019, its European director, Andrew Hunter, said. ‘We are developing around 900 rooms in Germany, which will all be completed by the end of 2019... Read more

Companies

Stefan Giesemann - JLL

Jones Lang LaSalle

In the first quarter of 2017, €1.1b of hotel deals were transacted in Germany, up 50% on the same quarter a year earlier, thereby hitting a new high, according to Stefan Giesemann, senior vice president of the Hotels & Hospitality Group at JLL in... Read more

Markets

Hotels and hospitality groups

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Hotel rates per night in key German cities are on the up, due to the increasing popularity of the German market, according to Heidi Schmidtke, executive vice president and head of advisory at JLL Hotel & Hospitality Group in Germany. Read more

Markets

Sonja Wärntges - DIC Asset

DIC Asset

In another giant refinancing deal (see Invesco deal with Aareal Bank in this issue), the Frankfurt-listed DIC Asset AG has been granted a loan of €960m from Deutsche Hypothekenbank, Berlin Hyp and HSH Nordbank, which it will used to prematurely... Read more

Companies

Andy Rofe - Invesco Real Estate

Invesco Real Estate

In one of the biggest loan deals arranged in the real estate sector this year, the Wiesbaden-based Aareal Bank has agreed to provide US investment manager Invesco Real Estate a loan facility of up to €1bn over a 10-year period to help roll out its... Read more

Companies

Outlet Center

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The Munich-based Bayerische Versorgungskammer (BVK), Germany's largest pension scheme group, has been powering ahead with its 'high street retail' strategy over the past year, and has now bought its first German outlet centre, through its mandate... Read more

Investment

Plac Unii - Warsaw

Liebrecht & wooD

German pension funds Bayerische Versorgungskammer (BVK) and Nordrheinische Ärzteversorgung (NAEV) have teamed up in a joint venture to purchase a newly built mixed-used property in Warsaw. Read more

Investment

Westside Tower

Revitalis Real Estate AG

Although global investment manager Invesco Real Estate has been a sizeable player for several years in multi-family housing in the US as well as having several projects under its belt in Asia-Pacific, the group has just made its first foray into... Read more

Investment