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Germany's mezzanine lending market evolves as market matures Read more

Markets

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

HSH Nordbank

HSH Nordbank

Despite muted sentiment among German lenders following lackluster growth in the German economy last year, some sizeable loans have been dished out this month. Read more

Markets

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

Berlin Hyp

Berlin Hyp AG

German real estate lender Berlin Hyp has raised €300m with the issue of the first syndicated senior preferred bond by a German bank. The order books were handled by Commerzbank, DZ Bank, and LBBW. Read more

Companies

Barbara Knoflach - SEB

SEB Investment GmbH

The third outing of the Jahreskongress Finanzierung für die Real Estate Industry took place at the end of April, this time for the first time in Berlin after two previous stagings in Frankfurt am Main – perhaps in itself a statement... Read more

Markets

Sony Centre

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The recent mega-deal which saw Canadian pension fund Oxford Properties and Madison International buy the Sony Centre in Berlin from Korea's national pension fund for €1.1bn has now been financed by the buyers. They have closed a €625m loan... Read more

Investment

Aareal Bank

Aareal Bank AG

Fresh from the launch of its second US dollar Pfandbrief, Aareal Bank is eyeing further lending opportunities in the US, Alexander Kirsch, Director, Treasury - Capital Markets, at Aareal Bank, told REFIRE. Read more

Companies

Bernd Vorbeck - Universal Investment

Universal-Investment-Gesellschaft mbH

British private equity group Montagu has completed its acquisition of German fund administrator Universal-Investment, the largest independent investment company in German-speaking Europe. Universal's shareholders Berenberg Bank and Bankhaus Lampe... Read more

Investment

Joint Venture

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In what was one of the largest and most complex transaction in the logistics sector over the past twelve months, German lender pbb Deutsche Pfandbriefbank has provided Growth Industrial Asset Net-Income Trust (GIANT) with €260m investment... Read more

Companies

Bernd Vorbeck - Universal Investment

Universal-Investment-Gesellschaft mbH

The Frankfurt-based Universal-Investment GmbH, the largest independent investment company in German-speaking Europe, has been acquired by British private equity firm Montagu Private Equity. Universal's existing shareholders, Berenberg Bank and... Read more

Companies

Dr. Steffen Sebastian - IREBS

Universität Regensburg

The 1st Annual Congress on Financing for the Real Estate Industry kicked off in the Villa Kennedy in Frankfurt at the end of April, presented by financial structuring adviser Berlin-based BF.direkt AG and the IREBS International Real Estate... Read more

Markets

Logistic business

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A number of significant logistics deals took place throughout November involving several key players in the sector and banks that have committed increasing resources to German logistics. Read more

Markets

Rolf Buch - Deutsche Annington

Deutsche Annington

Rolf Buch, the CEO of listed Deutsche Annington, told German newspaper Welt am Sonntag recently that his company was looking at every residential portfolio that came on the market in Germany with more than 1,000 units, to see whether they might... Read more

Investment

Gero Bergmann - Berlin Hyp

Berlin Hyp AG

Property financing bank Berlin Hyp has become the first bank to issue a Green Pfandbrief bond after it placed a €500m seven-year mortgage Pfandbrief in benchmark format last week. Read more

Markets

Arndt Krienen - Westgrund

WESTGRUND AG

We reported recently in REFIRE on how the small listed Berlin-based residential housing investor Westgrund AG had practically tripled in size overnight when it acquired 13,300 apartments from Berlinovo, a legacy portfolio held by the state of Berlin. Read more

Companies

Berlin

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According to international real estate advisors Savills, German residential portfolio transaction volumes in the first half of this year (H1 2014) totaled €6.8 billion, an 18% increase year-on-year over the €5.8 billion in 2013. Savills said in a... Read more

Markets

Hessisches Ministerium für Wirtschaft, Verkehr und Landesentwicklung

CA Immo

We reported some months ago in REFIRE that the Augsburg-based listed property investor Patrizia Immobilien AG came up short of their projected full-year figures, as one of their major deals had yet to be inked. The group had to revise its profit... Read more

Companies

Patrizia Düsseldorf

PATRIZIA Immobilien AG

The postponement of a major deal announcement , along with what it described as the costs of complying with the European Union’s AIFM directive, led to the listed Augsburg-based Patrizia Immobilien issuing a warning that it would miss its profit... Read more

Investment

Portfolio

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The German real estate market is still polarised in terms of financing opportunities, according to Derk Opitz, partner at law firm Ashurst. Residential property is particularly popular, but the picture for other asset classes is somewhat more... Read more

Markets