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Sparkassen

Loan portfolio

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Helaba Invest, the asset manager of the Frankfurt-based landesbank Helaba, is for the first time offering a fund based on real estate loans that gives savings banks (Sparkassen) access to Helaba's own diversified credit portfolio. 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. more

Companies

Hotel

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Listed German commercial real estate investor Aroundtown featured in two prominent German hotel deals this month, as part of its almost frenetic acquisition and disposal strategy since taking a full German stock exchange listing last year. more

Investment

Investment - Buyer

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Sentiment among international commercial property towards high-risk real estate investment strategies has dramatically fallen over the past 12 months, according to online investment platform BrickVest’s latest commercial property investment barometer more

Investment

Charles Balch - pbb

pbb

We report in this issue on a further decline in sentiment among German property financiers (see article on BF.Quarterly Barometer). However, not all traditional banks are retrenching completely from their regular financing hunting grounds. more

Companies

Kredit

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The German ruling coalition of the CDU and SPD political parties are close to reaching a compromise regarding credit directives, or 'Kreditrichtlinie’, designed to stop Germany’s property market from overheating, according to several people who... more

Markets

Facebook HQ London

British Land

That big German institutional investors are returning tentatively to the London commercial property market after the Brexit vote was confirmed earlier this month when German investors WestInvest and asset manager Deka Immobilien bought Rathbone... more

Investment

Fashion Outlet - Montabaur

Outlet Management GmbH

Germany remains the No. 1 expansion target for many international manufacturers of brand-name goods, as revealed in the "Outlet Center Performance Report Europe" by the Wiesbaden-based retail consultancy ecostra. more

Markets

Finanzkrise

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We have reported extensively in these pages over the past few months on the so-called Wohnimmobilien-Kreditrichtlinie, or the credit-lending directives issued ultimately by the EU in Brussels, but translated into a particularly harsh form in Germany. more

Markets

Hans-Joachim Beck - IVD

Hans-Joachim Beck

Savings banks (Sparkassen) across Germany are reporting sharply lowered mortgage lending to consumers since the introduction of tighter new lending legislation which came into effect on March 21st this year. The new regulations, stemming from the... more

Markets 1 Comments

Construction site

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Despite the higher level of construction activity across the country (see article elsewher in this issue), German property prices are still expected to rise this year by 3% to 4%, according to a recent survey of Landesbausparkassen (LBS) building... more

Markets

Schuldschein

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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... more

Companies

Jan Bettink - Berlin Hyp

Berlin Hyp AG

German real estate financier Berlin Hyp had another strong year in 2015, raising its volume of new business lending by 10% over 2014. New loans amounted to a total of €5.4bn (from 2014's €5.0bn), of which €1.0bn (previous year also €1.0 billion)... more

Companies

Hans-Günther Nordhues - K-Bonds AG

Farideh Diehl

REFIRE sat down just before Christmas with the Frankfurt-based finance advisory K-Bonds AG to learn more about a number of its recent transactions. K-Bonds, founded and headed by the erudite lawyer Hans-Günther Nordhues, provides mortgage-backed... more

Companies

Tobias Kassner - BulwienGesa

BulwienGesa

A major new report on the German logistics market by market researcher BulwienGesa throws up a number of surprises, including several names that might not have figured on our own speculative list as to who are Germany's most active investors in... more

Markets

Kauf Deal

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In one of the largest commercial property deals of the year in Germany, Swiss Life Asset Management and its German subsidiary Corpus Sireo paid €370m to buy the "Stella" portfolio from Frankfurt-based Deka Investements. The deal is likely to close... more

Investment

Torsten Knapmeyer - DEKA Immobilien

DekaBank

Deka Immobilien, the property fund subsidiary of the German Sparkassen (savings banks), is reported in Frankfurt to be readying its 'Stella' property portfolio for sale. The portfolio could be expected to fetch around €800m with the sale thought... more

Companies

Gero Bergmann - Berlin Hyp

Berlin Hyp AG

German real estate lender Berlin Hyp has been tapping the markets heavily this year to refinance its lending, and in October issued its third €500m mortgage Pfandbrief since April – which, like its predecessors, was heavily (2.4 times) oversubscibed. more

Markets

Corpus Sireo Headquarter

Corpus Sireo

Things are hotting up in the sales process for one of Germany's largest asset managers Corpus Sireo, which put itself on the block several months ago. A deadline of end-June for the submission of binding offers has now been laid down by the asset... more

Markets

Berlin Hyp

Berlin Hyp AG

Property financier Berlin Hyp raised new lending last year by 55% to €4.5bn, although this didn’t prevent bottom-line pre-tax earnings slipping to €120m from €128m in 2012. It expects 2014 revenues to fall short of last year mainly due to the reorgan more

Markets