JLL
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Maldives expected to see highest ever hotel transaction activity in 2019 – and German investors want a slice of the pie
It has long been billed as a tropical paradise offering unparalleled sandy beaches, incredible diving and high-end cuisine but now the Maldives has caught the eye of cross-border investors, including German hospitality chains, who are on the hunt... Read more
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German rents finally starting to slow
Rents for apartments in Germany are finally starting to slow after several years of sharp hikes, according to JLL, which will come as a welcome relief to many tenants in Germany, even if investors are unlikely to share their joy. Read more
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Refinancing is on the up
Refinancing is on the up, according to JLL’s German Real Estate Finance Index (DIFI) for the second quarter, published this week. Read more
GALERIA Kaufhof GmbH
SIGNA takes full control of Galeria Karstadt Kaufhof from Hudson Bay Co. for $1.5bn
Austria’s Signa Group has taken control of German department store chain Galeria Karstadt Kaufhof from Canada’s Hudson Bay Company’s (HBC) by acquiring its 49.99% stake in the recently merged chain for $1.5b, HBC announced this month. Read more
ESTAVIS AG
Number of German first-time buyers continues to fall
The number of first time buyers is falling in Germany at a time when the average age of first time buyers is rising, according to a Housing Costs 2019 report published this month by residential privatization group Accentro... Read more
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More investors take on development risk
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
Warburg-HIH Invest Real Estate GmbH
Warburg-HIH moves into value-add space
Warburg-HIH Invest Real Estate is setting up a new business unit with a view to investing €300m in German value-add offices/offices with rental upside by the end of the year, marking a change of direction for the group, which has traditionally... Read more
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AEW completes €750m capital raise for Logistis, taking total net equity to €2.3bn
AEW has raised an additional €750m for its pan-European logistics fund, Logistis, bringing the fund’s total net equity to €2.3b, it announced this month. Read more
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DIFI Index remains in negative territory
JLL’s German Real Estate Finance Index (DIFI) is hovering below the zero mark at -9.7 points for the first quarter of the year, as the DIFI’s swerve into negative territory approaches the two year mark. Read more
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Niche segments thriving in hotel sector as yields compress further
As we reported back in November, the Latin American hotel chain is currently scouting locations for its concept hotels in Germany, which are targeted at the millennium and digital nomad generation. Read more
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German government edges closer to new land tax law
The German government is in the final throes of agreeing on a new Grundsteuer, or land tax law, in a move that could end more than a year of political wrangling. Read more
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New retail investment start-up x+bricks approaches €300m in deals
Private German retail investment house x+Bricks has already added to its ambitious acquisition programme by buying a portfolio of 13 retail properties from an institutional investor, for a price of €80m. Read more
GALERIA Kaufhof GmbH
Arminius buys retailer Metro AG headquarters in Düsseldorf
The Frankfurt-based private equity group Arminius has bought retail group Metro AG’s headquarters just east of Düsseldorf for German institutional investors. The seller of the campus property, which is situated in the urban district of... Read more
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Pessimism grows among German lenders
German lenders are becoming increasingly pessimistic about the German market, as the German Real Estate Finance Index (DIFI), compiled by JLL and the Centre for European Economic Research (ZEW), falls to its lowest level in two years. Read more
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Kindergarten investment on the up
Kindergarten investment is gaining traction as more and more investors look to diversify in the chase for higher returns. Read more
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Berlin office market outperforms its German counterparts
Berlin has outperformed its German counterparts to record the strongest office rental growth in the third quarter, up 3.2%, according to JLL’s European Office Clock Q3 2018, published this month. Read more
Motel One GmbH
Cooling in German hotel market – but individual deals still strong
After several boom years on the German hotel market, things are cooling down, particularly in respect of larger portfolio deals, although figures in from Q3 suggest that interest in individual hotel properties remains buoyant. Read more
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SPD pushes for ‘Mietenstopp’ to cap rental growth
Germany’s SPD party is pushing for a 12-step ‘Mietenstopp’ to cap residential rent hikes in the country, in a move it is hoping will curb excessive rental increases following the abject failure of the Mietpreisbremse, or rental brake law. Read more
GALERIA Kaufhof GmbH
Galeria Kaufhof and Karstadt to create ‘merger of equals‘
German department stores Galeria Kaufhof and Karstadt Warenhausare to merge after Austria’s Signa Holding and Canadian retailer Hudson’s Bay Co. (HBC) agreed to form a joint venture via a new holding company, they announced this month. Read more
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German lenders show greater flexibility as margins hit all-time low
German lenders are becoming more flexible against a backdrop of miniscule margins, which are making it increasingly challenging for them to position themselves strategically, according to Markus Hesse... Read more