IVG Institutional Funds
HELABA
Helaba to sell 'troublesome' subsidiary Hannover Leasing
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
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US-listed Ares Management buys €400m package from IVG Funds
American publicly-listed Ares Management has paid €400m to buy an office portfolio spanning six countries from Germany's IVG Institutional Funds, part of IVG Group. Read more
IVG Immobilien AG
IVG to split off core portfolio into separate company
Bonn-based IVG Immobilien AG, the erstwhile heavyweight of the German listed real estate sector, offered proposals to shareholders at last week's AGM as to how to rehabilitate the company's capital market viability. The key element of the plan is... Read more
Epizentrum / Wikimedia Commons
Frankfurt’s Eurotower sold to pension fund for €480m
The Eurotower, the previous home of the European Central Bank in the centre of downtown Frankfurt, is being sold by its owners, the New York-based RFR Holding, to Germany’s IVG Institutional Funds, for €480m in a share deal. The beneficial owner... Read more
Epizentrum
IVG sells Silberturm to Samsung, cancels Squaire sale
It’s one of the most prominent buildings in Frankfurt, starting life as Germany’s tallest building and changing hands several times over the last few years, while undergoing a major facelift and modernisation that will ensure it remains a landmark... Read more
Christos Vittoratos
Samsung Life buys Frankfurt's 'Silberturm' for €450m
The landmark Silberturm ("Silver Tower") building in Frankfurt's Hauptbahnhof quarter has been bought by Samsung SRA Asset Management, a division of the Korean Samsung Life Insurance for a price of more than €450m. The seller is a consortium of... Read more
IVG Immobilien AG
IVG insolvency plan gets legal go-ahead
A German court has now approved the insolvency plan proposed by erstwhile German heavyweight IVG Immobilien AG, paving the way for an orderly insolvency and a €2.2bn debt reduction programme. The company will be delisted from the stock exchange in... Read more
CORESTATE Capital AG
Back to opportunistic roots for Corestate, exits ‘core’ sector
The Zug, Switzerland-based specialist for German opportunistic real estate investment, Corestate Capital, has been muttering about the difficulties of finding new value-add opportunities for some time. It had traditionally left the field of ‘core’... Read more
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Swedish groups Akelius, Cityhold make fresh German investments
News from Swedish investors in Germany highlight how the Nordic country’s leading investors are expanding their footprint across both the residential and the commercial sectors. Residential investor Akelius invested over €270m last year in... Read more