Standard & Poor’s

Deutsche Wohnen - Zentrale

Deutsche Wohnen

Munich-based bank BayernLB issued the largest promissory note ever in the history of German real estate for the Berlin housing association Gewobag Wohnungsbau-AG, a €700m note (Schuldscheindarlehen) issued in partnership with LBBW Landesbank Baden-Wü Read more



© SerrNovik -

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


Thomas Landschreiber - Corestate Capital


Corestate Capital Holding, a Luxembourg-based investment manager and co-investor, has divested a club deal investment in a €432m development project in Vienna. Read more


Andreas Segal - Deutsche Wohnen AG

Deutsche Wohnen

Listed German-Austrian full-service housing provider BUWOG will next week conclude a cash capital increase by offering a total of up to 12.5 million Buwog shares with a subscription ratio of 1:8. Read more


Residential - Aroundtown

Aroundtown Property Holdings Plc.

The Cyprus-based Aroundtown Property Holdings, which focuses on value-added income-gerating properties in Germany, saw its rental and operating income rising in the first six months by 138% to €110m. Read more


Florian Schoeller - Scope


The Berlin-based rating agency Scope is buying FERI EuroRating Services as part of its strategy to establish itself as a European alternative to the big three US credit rating agencies. Neither party was willing to disclose the price paid, but... Read more



© Björn Wylezich -

There were two notable Pfandbrief issues in Germany over the past couple of weeks, both at least twice oversubscribed by investors. Read more


Convertible Bonds

© moonrise -

Germany's first REIT, the Hamburg-headquartered Alstria Office REIT AG, placed its second €500m corporate bond to conclude the refinancing of its October 2015 takeover of DO Deutsche Office. Read more


Residential Properties

© S. Engels -

The Berlin-based Grand City Properties said that demand for its 6.25% €100m corporate bond, issued in a private placement with European institutions in June, was so strong that it is increasing the size by a further €100m, and plans to use the... Read more