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Unicredit

Wien

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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

Companies

Wien

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Austria is on track for another bumper year, following a record year of investment in 2017, Dr. Martin Sabelko, managing director of Warburg-HIH Invest Real Estate Austria, told REFIRE this month. Read more

Markets

Torsten Kracht - Instone Real Estate Group

Tino Pohlmann

nstone Real Estate has acquired a former tea trading headquarters in Halle an der Saale that it plans to convert into more than 100 apartments for an undisclosed sum, it announced this week. Read more

Investment

IPO

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German residential property developer Instone Real Estate Group confirmed this month that it planned to go public by listing its shares on the Frankfurt Stock Exchange this year. The IPO, mooted to be for mid-February but almost certainly in the... Read more

Companies

Aareal Bank

Aareal Bank AG

Fresh from the launch of its second US dollar Pfandbrief, Aareal Bank is eyeing further lending opportunities in the US, Alexander Kirsch, Director, Treasury - Capital Markets, at Aareal Bank, told REFIRE. Read more

Companies

Bodo Winkler - Berlin Hyp AG

Berlin Hyp AG

In the refinancing markets, Berlin Hyp and pbb Deutsche Pfandbriefbank have both got off to an active start to the year with a number of sizeable issues, all well received by the markets. Read more

Companies

Pfandbrief

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

Markets

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. Read more

Markets

Paolo Gencarelli - UniCredit

Youtube / REbuild Italia

Italian bank UniCredit plans a wave of disposals of its real estate assets over the coming two years, in a move to rationalise its holdings and drive through new cost savings. The bank plans to sell up to €2.5bn of real estate assets in Italy... Read more

Companies

Industrial Property

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London-listed REIT Hansteen Holdings, which specialises in UK and European industrial property, said earlier this month that it had managed to refinance two loans secured against its German portfolio with two new loans totaling €343 million. Read more

Companies

Reinhard Mattern

Internationales Immobilien-Institut GmbH

Reinhard Mattern, the head of iii-Investments, the Munich-based funds subsidiary of HypoVereinsbank and ultimately Unicredit, took time out recently to explain his company’s philosophy to the Immpresseclub e.V, Germany’s inofficial association of... Read more

Companies

BayWa AG

BayWa AG

UniCredit funds subsidiary WealthCap has concluded a further two portfolio deals with agribusiness and building materials wholesaler BayWa to acquire assets for new funds which it is setting up for institutional investors. BayWa will lease the... Read more

Companies

Unicredit subsidiary iii-Investments is building on its recent launch of a dedicated debt fund by launching a second debt fund, and has already raised €100m in its first closing, saying that it intends to increase the equity total to €250m. Read more

Investment

It is notoriously difficult to get a clear answer to the question of whether there is a ‘credit crunch’ or not in the financing of German real estate. The answer nearly always depends on the borrower, the asset to be financed... Read more

Features

The Munich-based iii-investments has won a mandate from a German pension fund to set up a €200m debt vehicle, the first such vehicle in Germany to be established as a Spezialfonds. The Unicredit subsidiary did not name the institution, but said... Read more

Investment