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IPO

Khaled Kaissar

Khaled Kaissar/Kaissar Film

The Munich-based Domicil Real Estate Group said recently it is planning a stock market IPO to boost funds for its further expansion. The company has given no specific date, other than saying it wanted to examine market feasibility... Read more

Companies

EXPO REAL

Messe München GmbH

EXPO REAL will kick off again in Munich in a few days’ time. As conversations at the fair are a reliable barometer for investment in months to come, REFIRE asked some of Europe’s major players which topics we can expect to dominate this year. Read more

Markets

Real Estate Study

© Eisenhans - Fotolia.com

More than €20bn of real estate assets are expected to be released back into the market, over the next 10 years, as funds reach their end of life. Particularly in focus will be funds with a retail concentration, which is likely to put further... Read more

Markets

Thomas Landschreiber - Corestate Capital

CORESTATE-Capital-AG

The Frankfurt-listed Corestate Capital boosted its revenue to €125.8m in the first half of the year, while pushing group earnings up from €22.8m to €60.8m. Assets under management rose by more than €900m to about €22bn. Read more

Companies

Residential Real Estate

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Over the past five years or so the German stock market has become populated with residential property companies which have ballooned in value, much against the expectations a decade ago when residential property companies... Read more

Markets

Stavros Efremidis - WCM Beteligungs- und Grundbesitz AG

edicto GmbH

A new listed German commercial real estate company will soon be gracing the ranks of Frankfurt's stock market-quoted sector with the launch – likely on or around April 5th – of Godewind Real Estate. Read more

Companies

IPO

© Tim - Fotolia.com

German residential property developer Instone Real Estate Group confirmed this month that it planned to go public by listing its shares on the Frankfurt Stock Exchange this year. The IPO, mooted to be for mid-February but almost certainly in the... Read more

Companies

Michiel Jaski - IVG

IVG

Once Bonn-based IVG Immobilien had pulled its mooted IPO of office subsidiary OfficeFirst recently after breaking off negotiations with potential partners for a trade sale, it was inevitable they would immediately re-examine the status quo ante... Read more

Companies

Ralph Winter - Corestate

CORESTATE Capital AG

The Luxembourg-headquarterd Corestate Capital Group finally succeeded in getting its IPO away earlier this month when shares started trading on the Frankfurt Stock Exchange on October 4th at €17.40, giving the company a market capitalisation of €219. Read more

Companies

Sascha Wilhelm - CORESTATE

CORESTATE Capital AG

The Luxembourg-headquartered Corestate Capital had planned to fix the issue price for its impending IPO on Tuesday 3rd November, but instead decided to cancel the flotation on the Frankfurt Stock Exchange at the last minute, citing " the currently... Read more

Companies

Gregory Ellis - Scout24

Scout24 AG

Germany's Scout24 Group, which includes ImmobilienScout24, the largest property website in Germany, debuted on the Frankfurt Stock Exchange this week. The company placed 38.64m shares, including 7.6m new shares in the form of new capital raising... Read more

Companies

Börse Frankfurt

© Christian Colista - Fotolia.com

The uncertainty and renewed volatility on Frankfurt's Stock Market in the run-up to the Greek referendum led to the cancellation of the planned IPO of Israeli-led group Ado Properties, while the proposed flotation of Munich-based pbb Deutsche... Read more

Markets

Peter Finkbeiner - TLG

TLG IMMOBILIEN AG

Now it’s official. After months of speculation, some of it public, the eastern German commercial property specialist TLG Immobilien announced that it plans to float on the stock market, with its launch set for before the end of this year. Read more

Companies

Finkbeiner und Karoff -

TLG IMMOBILIEN GmbH

All the indications are that Lone Star Funds is pressing ahead with the preparation for the stock market flotation of subsidiary TLG Immobilien GmbH, with the IPO expected to see a share placing of upwards of €500m. Market rumours of a launch as... Read more

Investment

LEG in North Rhine-Westphalia

LEG Immobilien AG

The Whitehall Funds of Goldman Sachs took the opportunity earlier this month to dispose of practically its entire holding of 15.2m shares or nearly 29% in LEG Immobilien AG, Germany’s fourth-largest property company by market value. Read more

Companies

IMMOFINANZ AG

IMMOFINANZ AG

Vienna-listed Immofinanz AG has been on a determined mission to fatten up its BUWOG residential housing subsidiary with new German housing, prior to its planned flotation on the German stock market next year, or a possible spin-off, while the... Read more

Companies

Raising capital

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The year 2013 will see the most capital raised for German real estate companies from share and bond sales in any year since 2006 – a near tripling of last year’s figure – as investors took advantage of the buoyant residential sector and the return... Read more

Markets

Bremen

© ArTo - Fotolia.com

There may yet be another sizeable residential real estate transaction before the end of the year in Germany, as the sector continues to consolidate and the capital markets continue to show appetite for further exposure to the sector. Read more

Markets

Goldman Sachs' Whitehall Funds and US hedge fund Perry Capital lightended up their holdings in Düsseldorf-based housing firm LEG Immobilien earlier this month in line with their lock-up arrangements when they raised €290m by selling a further 7... Read more

Markets

BUWOG Zentrale

BUWOG - Bauen und Wohnen Gesellschaft mbH

Listed Austrian real estate company Immofinanz has pulled the planned public listing of its residential property subsidiary Buwog, citing the uncertain market environment. The IPO was scheduled for November of this year, and Immofinanz has taken... Read more

Companies