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Starwood Capital

Berlin

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Germany’s residential market is becoming increasingly differentiated as interest in the sector heats up, Dr. Konstantin Kortmann, head of residential investment at JLL Germany, told REFIRE. Read more

Markets

Oliver Schumy - Immofinanz

Mayr Melnhof - Karton AG

After much to-ing and fro-ing, and several rebuffed attempts, US private equity investor Starwood finally succeeded in buying a big piece of listed Austrian property investor CA Immo, when fellow listed Austrian player Immofinanz agreed to sell... Read more

Investment

Oliver Schumy - Immofinanz

Mayr Melnhof - Karton AG

Shareholders of listed real estate businesses CA Immo and Immofinanz have rejected approaches from Starwood Capital to take stakes in both companies, taking the view that a more lucrative deal will be available elsewhere. Read more

Companies

Rolf Buch - Vonovia

Vonovia SE

Germany’s biggest residential landlord, Vonovia, has outbid Starwood Capital to offer around €900m for a stake in Swedish residential group, Victoria Park, thereby cementing the latest step in its strategy to grow the business outside Germany. Read more

Companies

IMMOFINANZ AG

IMMOFINANZ AG

US property investment group Starwood Capital made offers to buy minority stakes in listed Austrian property companies Immofinanz and CA Immo as part of its plan to enter markets in Central and Eastern Europe... Read more

Investment

Michael Bickford - Round Hill Capital

Round Hill Capital LLC

The UK-based private equity group Round Hill Capital has kicked off a new strategy of investing in German residential housing by buying a portfolio of 114 units in Hamburg, the first in what it says will be a string of investments in 15 German... Read more

Investment

Management

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Private equity real estate firm Blackstone and pan-European investor and asset manager M7 Real Estate are buying a portfolio of Dutch and German mainly logistics assets from listed UK property REIT Hansteen Holdings for €1.28bn. The portfolio... Read more

Investment

Hotel

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It's still all green lights in the German hotel investment market. Following on from last year, new records are being broken as the first half of this year saw transaction volume of nearly €2 billion, a record for a six-month period and 35% up on... Read more

Markets

Hotel Sector

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France's FDM Management, the recently-created dedicated hotel joint venture of REIT/SIIC Foncière des Régions and a group of institutional investors, has managed to secure two hotel portfolios in Germany, France and Belgium for an investment of... Read more

Investment

Hotels and hospitality groups

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East Asian investors and hotel groups are showing rapidly-growing interest in European and particularly German hotels, according to a new study by hotel broker group Christie + Co., entitled "The Dragon has Awoken". Read more

Markets

Hugh Fraser - M7

M7

The UK-based M7, a specialist investor and asset manager of multi-let real estate across Europe, has had a busy couple of months, closing on fundraising on no less than three of its funds in the month of October alone. Read more

Investment

Ulrich Höller - German Estate Group

German Estate Group

The newly-established German Estate Group (GEG), the platform created by Frankfurt-based developer and property manager DIC and the US buyout group KKR, has kicked off its investment programme by buying two assets in Munich for a total of €160m. Read more

Investment

Joint Venture

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MStar Europe, the joint venture between US group Starwood and the UK’s M7, has agreed to buy a portfolio of light industrial assets located mostly in France, Germany and the Netherlands for €258.7 million. With a planned target volume of €500m... Read more

Investment

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