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Lone Star

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

Stefan Ermisch - HSH Nordbank

HSH Nordbank

The majority owners of German lender HSH Nordbank, the federal states of Hamburg and Schleswig-Holstein, have received ‘several binding bids’ for the bank by the deadline of 27 October, they announced this weekend. Read more

Companies

Commerzbank AG

© Sabine Kipus - Fotolia.com

Samsung SRA Asset Management, a consortium of financial divisions of South Korea's Samsung Group, was named last week as the preferred bidder to take over Germany's Commerzbank's headquarters in Frankfurt, the tallest office building in Europe. Read more

Investment

ISARIA Wohnbau AG - Projektentwicklung

ISARIA Wohnbau AG, Meili, Peter Architekten München, formstadt architekten gmbh

US private-equity firm Lone Star has launched a public tender offer for all outstanding shares of the Munich-based residential developer ISARIA Wohnbau. Isaria's management has welcomed the offer, saying that a partnership with Lone Star would be... Read more

Companies

Kai Wolfram

Engel & Völkers

Engel & Völkers Investment Consulting GmbH (EVIC) has acquired student residences in Germany with a market value of €85 million for the Luxembourg-based student housing investment manager Deutsche Real Estate Funds (DREF). Read more

Investment

Money Euro Sale

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The London-based private equity group Kildare Partners has bought most of the remaining German commercial real estate and debt portfolio from GE Capital Real Estate for an undisclosed amount. Read more

Companies

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

Aareal Bank in Wiesbaden

Aareal Bank AG

Wiesbaden based property lender Aareal Bank has finalised the acquisition of all the shares in Westdeutsche Immobilienbank (WestImmo) from EEA, the workout bank of former owner WestLB for €350m, in the process gaining a €4.3bn performing European... Read more

Companies

Money

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For the second time in five years, the tiny commercial real estate lender Düsseldorfer Hypothekenbank (Düsselhyp) has been expropriated by Germany's BDB association of private sector banks (similar to the US's FDIC, or Federal Deposit Insurance... Read more

Companies

Dr. Wolf Schumacher - Aareal

Aareal Bank AG

The Wiesbaden-based Aareal Bank’s press conferences are always well-managed; they have the added advantage that veteran CEO Dr. Wolf Schumacher invariably recaps the more extended analysis of the minutiae of the company’s annual performance and... Read more

Companies

Finkbeiner und Karoff -

TLG IMMOBILIEN GmbH

Recently-floated eastern German commercial property specialist TLG Immobilien has dangled the enticing prospect of up to 6% dividend yield for next year, based upon sharply higher FFO for the first nine months, up 28% to €40.4m. The company’s... Read more

Companies

Die Welle - Berlin

TLG IMMOBILIEN

There was little fanfare recently in Frankfurt for the listing of eastern German property specialist TLG Immobilien, in part due to the somewhat cool reception afforded stocks throughout October. Sentiment has picked up somewhat on global markets... Read more

Investment

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

Dr. Wolf Schumacher - Aareal

Aareal Bank AG

Wiesbaden-based real estate financier Aareal Bank has seen an immediate impact on its bottom line following the acquisition last year of the restructured Corealcredit Bank from US private equity group Lone Star. The MDAX-listed Aareal saw its... Read more

Companies

Deal

© Reicher - Fotolia.com

US private equity investor Lone Star has sold its second German real estate financing bank, Düsseldorfer Hypothekenbank (DüssHyp) to a consortium for an undisclosed price. The deal follows on the heels of its sale of Corealcredit Bank in Frankfurt... Read more

Companies

Geripptes - Frankfurt

Wikipedia Commons

International property advisor Cushman & Wakefield’s Corporate Finance team estimates that European banks and asset management agencies have a gross exposure of €584 billion to non-core real estate which is subject to disposal or work-out... Read more

Markets

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

Aareal

Aareal

The bidding process for WestLB’s property financing subsidiary WestImmo is heating up, with the arrival of a number of new bidders in advance of an August deadline. The deal is potentially worth more than €300m. WestLB is being forced to sell the... Read more

Companies

Matthias Wargers - EAA

Erste Abwicklungsanstalt

Interest in buying Westimmo, the Mainz-based property-lending subsidiary of WestLB, is running at a higher level than originally anticipated, with about a dozen financial investors and banks currently granted access to the bank’s data room. That’s... Read more

Companies