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Real estate

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Green real estate loans – and bonds – are soaring in popularity in Germany as investors clamour to get their hands on more green assets. Fresh from the issuance of its second green Pfandbrief last year, German lender Deutsche Hypo has introduced... Read more

Companies

Peter Finkbeiner - TLG

TLG IMMOBILIEN AG

A number of German real estate companies would appear to be gearing up for their launch as public companies, probably in autumn but certainly before the end of the year. Read more

Companies

Wien

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Austrian listed property group Immofinanz bolstered its finances earlier this month when it placed €500m of fixed rate senior unsecured notes with a four year maturity and a 2.65% coupon. The net proceeds of the note issue will be used for the refina Read more

Companies

Matthias Leube - AXA Investment Managers Deutschland

AXA Investment Managers

Berlin-based developer Consus Real Estate has acquired 93.4% of shares in developer SSN Group, boosting its gross development volume (GDV) by around 50% to €9.6b. Read more

Companies

Rolf Buch - Vonovia

Vonovia SE

Shareholders representing more than 50% of voting rights including call options have accepted Vonovia’s $1.08 billion cash offer for Swedish counterpart Victoria Park, Germany largest real estate company said earlier this month. Read more

Investment

Commercial Property

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German-Austrian BUWOG Group has acquired a residential and commercial real estate portfolio in northern Germany from several unnamed international institutional investors for an undisclosed sum. Read more

Investment

Rolf Buch - Vonovia

Vonovia SE

Germany's largest residential property company Vonovia is buying Austrian rival BUWOG in a cash deal which values BUWOG at €5.2b. The move will see Vonovia increase its housing stock from 350,000 to 400,000 units, and give it valuable access... Read more

Companies

Sold, Deal

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Swedish buyout group Nordic Capital is buying Alloheim, Germany’s second-largest nursing home operator, for about €1.1 billion including debt, from the Carlyle Group. Nordic Capital said it intended to support Alloheim’s management... Read more

Companies

Frankfurt

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Frankfurt is one of the cities in pole position to benefit from the Brexit as more and more companies seek to move staff out of the UK. Read more

Markets

Florian Goldgruber - ADO Properties

ADO Properties

Several listed German property investors have been taking advantage of the ongoing strength of the German economy and particularly its residential housing market to tap the capital markets for fresh financing. These are unlikely to be the last deals Read more

Markets

Nursing Home

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Global alternative asset manager The Carlyle Group is getting ready to sell Alloheim, one of Germany's top three nursing home operators, according to a recent report in the German business daily Frankurter Allgemeine Zeitung. Sources in Frankfurt... Read more

Companies

Sara Seddon-Kilbinger

Sara Seddon-Kilbinger

REFIRE's senior reporter Sara Seddon-Kilbinger looks at the outcome of last week's UK General Election, and assesses its likely impact on real estate. Read more

Opinion

Eckhard Schultz - LEG Immobilien AG

LEG Immobilien AG

Listed German housing company LEG Immobilien AG placed its first corporate bond, with a nominal value of €500m, with institutional investors earlier this month. The unsecured fixed-rate bond is paying an annual coupon of 1.25%, and matures on the... Read more

Companies

Rod McGeoch - BGP Holdings

CHRIS SKELTON/Fairfax NZ

The long saga of the German residential portfolio most recently held by BGP Holding entered a historic new phase last week when giant Chinese sovereign fund China Investment Corporation (CIC) as the beneficial owner beat off lively German... Read more

Investment

Boris Hardi - Oaktree

Boris Hardi

US private equity investor Oaktree has launched a new offensive to sell off large chunks of its German property holdings. Read more

Companies

Investment

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Barely three months after fending off a takeover offer for itself, Austrian listed property company conwert Immobilien Invest is in exclusive talks to buy the €1.1bn residential property asset portfolio of BGP, the company spun off by the... Read more

Investment

Investment - Buyer

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Private equity group Cerberus has hired UBS to find a buyer for its German cash & carry markets after abandoning its original plan to list its retail division through an IPO. The assets, many of which are wholesale markets leased to Metro, are... Read more

Investment

Sascha Klaus - Commerzbank

Commerzbank AG

Commerzbank confirmed earlier this month that it is selling a further two real estate loan portfolios valued at €2.9bn from its erstwhile Eurohypo subsidiary's legacy loan book. The first portfolio, with €2.2bn of European loans, is going to a... Read more

Companies

Tank & Rast - Lipperland

Autobahn Tank & Rast GmbH

Among those bidding for the German autobahn service area chain Tank and Rast, which is jointly owned by British private equity group Terra Firma and Germany’s RREEF Infrastructure Funds, is the giant China Investment Corp. Read more

Investment

Autobahn Tank & Rast

Autobahn Tank & Rast GmbH

The German autobahn service area chain Tank & Rast, which is jointly owned by British private equity group Terra Firma and Germany’s RREEF Infrastructure Funds, is now officially up for sale for a reported €3.5bn. However, contrary to what we... Read more

Investment