NAV
DEUTSCHE WOHNEN
Boardroom struggle at TLG Immobilien as Ouram seeks changes
In our December issue of REFIRE, we speculated that Ouram Holding, controlled by Israeli investor Amir Dayan, was about to make a full takeover attempt for the German listed TLG Immobilien. Read more
© JFL Photography - Fotolia.com
Phoenix Spree’s bet on Berlin market heralds 53% NAV total return
Phoenix Spree’s bet on the Berlin market has paid off: the UK-listed investment company specialising in German residential real estateachieved an NAV total return of 53% in 2017, in a sign that Berlin can generate hefty returns. Read more
Wertgrund
INREV launches new German-only indices
As we reported in these pages recently, the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) INREV was now imminently launching its new indices for German non-listed real estate vehicles, which it developed in... Read more
GCH Hotels GmbH
Aroundtown boosts FFO, growth at Grand City Properties
The Euronext and Frankfurt-listed Aroundtown Property, which specialises in investing in turnaround assets in Germany through stakes in several listed firms, said first-quarter funds from operations increased 73% to €33m on the back of portfolio... Read more
INREV
INREV returns at nearly 10% - German index launched
European non-listed real estate funds last year delivered their best performance since 2006, according to the latest Annual Index from INREV, the European association for non-listed vehicles. The Index recorded a 9.7% return, the highest since... Read more
Grand City Properties
Grand City Properties growth supporting bond issuance
We reported in a recent issue of REFIRE on the Luxemburg-registered Grand City Properties, a medium-sized listed German housing investor which had just successfully placed two new bonds of €100m each, to follow up on a €100m convertible bond... Read more