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Terra Firma

Hotel

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Investors are still hotly pursuing German hotel assets, and are turning increasingly to project developments for lack of supply of suitable existing properties, conclude several of the bigger broker groups who track the market closley. Read more

Markets

Rolf Buch - Deutsch Annington

Deutsche Annington

The Bochum-based listed Deutsche Annington, now renamed as Vonovia SE, has been promoted for inclusion in the DAX-30, the index of the top 30 German industrial companies, with effect from September 21st. Read more

Companies

Brueckenrasthaus - Tank & Rast

Autobahn Tank & Rast GmbH

The wheel is turning full circle for German insurer Allianz, as the consortium headed by its infrastructure arm has won the bidding for motorway services company Tank & Rast from the Guy Hands-led UK private equity company Terra Firma. Allianz... Read more

Investment

Tank & Rast - Lipperland

Autobahn Tank & Rast GmbH

Among those bidding for the German autobahn service area chain Tank and Rast, which is jointly owned by British private equity group Terra Firma and Germany’s RREEF Infrastructure Funds, is the giant China Investment Corp. Read more

Investment

Residential Germany Apartment

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Some 304,000 German apartments were traded in portfolio transactions of over 800 units last year, the same strong level as in 2013, says the BBSR specialist federal institute. It expects another strong year for 2015. Read more

Markets

Autobahn Tank & Rast

Autobahn Tank & Rast GmbH

The German autobahn service area chain Tank & Rast, which is jointly owned by British private equity group Terra Firma and Germany’s RREEF Infrastructure Funds, is now officially up for sale for a reported €3.5bn. However, contrary to what we... Read more

Investment

Autobahn Tank & Rast

Autobahn Tank & Rast GmbH

A recent Bloomberg report suggests that Terra Firma Capital Partners, the private equity firm founded by Guy Hands, is laying the groundwork for a sale of the German autobahn service station chain Tank & Rast GmbH, in a deal that could value the... Read more

Markets

Deutsche Annington

Maschinenjunge

In a flurry of activity over a hectic couple of days, the ownership structure of Germany’s largest private landlord Deutsche Annington underwent a major transformation. The share sales roundabout has resulted in, among other investors, the Middle... Read more

Companies

Deutsche Annington

Maschinenjunge

German housing giant Deutsche Annington is wasting little time on delivering on its promise to beef up its housing stock following its stuttering stock market flotation last year, and to push through capital increases to finance its... Read more

Investment

LEG in North Rhine-Westphalia

LEG Immobilien AG

The Whitehall Funds of Goldman Sachs took the opportunity earlier this month to dispose of practically its entire holding of 15.2m shares or nearly 29% in LEG Immobilien AG, Germany’s fourth-largest property company by market value. Read more

Companies

Deutsche Annington

Deutsche Anningston / Martin Joppen

Germany’s largest landlord Deutsche Annington succeeded in getting a watered-down version of its IPO away to investors, after being forced to abort its original launch at the beginning of July at the last moment due to lack of investor demand. Read more

Companies

Theree may have been an element of bad luck in the aborted IPO of Deutsche Annington, which denied UK private equity investor Terra Firma and its ebullient leader Guy Hands the opportunity to recoup some money after a series of financial disasters... Read more

Opinion

Speculation is mounting in German financial circles that private equity group Cerberus is now really firming up on its plans to float its German retail property holdings before the end of this year, as we reported in a recent issue of REFIRE. Read more

Markets

MIPIM Cannes

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There was much talk among the German participants at this year's MIPIM in Cannes about the likely intentions of the bigger players in Germany’s frothy residential property market. Certainly a number of indicators are flagging that the recent... Read more

Markets