Reuters
MEC METRO-ECE Centermanagement GmbH & Co. KG
Metro AG looking to offload struggling retail subsidiary Real
German listed retail group Metro AG is looking to again sell off its retail subsidiary Real, along with a sizeable property portfolio, as it retreats back to being a classical wholesaler. Read more
Evonik Industries AG
German state reduces PBB holding, RAG Foundation invests
Germany has sold most of its remaining stake in pbb Deutsche Pfandbriefbank, 10 years after bailing out the property lender’s former parent Hypo Real Estate (HRE). Among those taking up part of the placement of the state's stake in the lender is Germ Read more
HSH Nordbank
Crunch time in the decision on future ownership of HSH Nordbank
It's down to just two contenders to buy the ailing state-owned HSH Nordbank as the protracted bidding process heads into its final phase, with the bank agreeing to exclusive talks with potential buyers J.C. Flowers and Cerberus in a joint bid. Read more
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Nordic Capital Fund VIII swallows German operator Alloheim
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
CORESTATE Capital AG
Fresh plans for renewed possible Corestate IPO
Luxembourg-headquartered property investment manager Corestate Capital is thought to be having another stab at a public flotation, after it felt forced last year to to pull its imminent listing at the last moment, citing unfavourable market... Read more
Flughafen Frankfurt-Hahn / Thomas Frey
'Mystery' Chinese group new owners of Frankfurt-Hahn Airport
After several weeks of speculation, the new buyer of the loss-making Frankfurt Hahn Airport was revealed to be the Chinese construction company Shanghai Yiqian Trading Company, for a sum said to be in the "low double-digit million euro range." Read more
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Alstria REIT issues €150m promissory note, GIC takes stake
Germany's first and original REIT, the Hamburg-based alstria Office REIT AG, has placed its first 'Schuldscheindarlehen', or unsecured promissory note with a total volume of €150m. This is the first time that a listed German real estate company... Read more
Where to dump €600bn of unwanted German loans?
A comprehensive report published by Reuters crossed our desk last week, dealing with the extent to which the major German banks are still grappling with their need to shed a massive €637 billion of unwanted assets – including shipping loans and... Read more