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Vonovia

Deutsche Wohnen - Zentrale

Deutsche Wohnen

It seems like only recently when Germany was a laggard in the European listed real estate sector, and we here at REFIRE have no difficulty remembering the plaintive wailing of the EPRA leadership at the slow pace of growth of... Read more

Markets

Mietpreisbremse

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Germany’s SPD party is pushing for a 12-step ‘Mietenstopp’ to cap residential rent hikes in the country, in a move it is hoping will curb excessive rental increases following the abject failure of the Mietpreisbremse, or rental brake law. Read more

Markets

Michael Zahn

DEUTSCHE WOHNEN

The shortage of affordable housing in Germany, particularly in the bigger cities, has helped to push up profits at Deutsche Wohnen, the country’s second-biggest listed residential property company. Read more

Companies

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

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

Shareholders representing more than 50% of voting rights including call options have accepted Vonovia’s $1.08 billion cash offer for Swedish counterpart Victoria Park, Germany largest real estate company said earlier this month. Read more

Investment

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

Frankfurt

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Austrian property group CA Immo has rejected a partial takeover offer by US investment firm Starwood Capital Group, it said last week. Read more

Companies

EPRA 2015 - Berlin

Joke Emmerechts/EPRA

It's now more than ten years since the German real estate industry was in a collective tizzy about the new forthcoming REITS legislation. Read more

Markets

Michael Zahn

DEUTSCHE WOHNEN

German house prices are on the up again, rising by 5.5% on average last year, according to Postbank’s Housing Atlas 2018, published this month. Read more

Markets

Commercial Property

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German-Austrian BUWOG Group has acquired a residential and commercial real estate portfolio in northern Germany from several unnamed international institutional investors for an undisclosed sum. Read more

Investment

Rolf Buch - Vonovia

Vonovia SE

Germany's largest residential property company Vonovia is buying Austrian rival BUWOG in a cash deal which values BUWOG at €5.2b. The move will see Vonovia increase its housing stock from 350,000 to 400,000 units, and give it valuable access... Read more

Companies

Rolf Buch - Vonovia

Vonovia SE

Germany's largest residential property owner, the Bochum-headquarter listed Vonovia, and the French group SNI have agreed to a partnership to “merge know-how and market expertise and identify common opportunities for growth and investment”. Read more

Companies

Philip Grosse - Deutsche Wohnen

Deutsche Wohnen AG

Germany’s second largest listed landlord Deutsche Wohnen has reported consolidated group profit of €672m in the first half of 2017, up from €647.2m in the same period last year, it announced in August. Read more

Companies

Rolf Buch - Vonovia

Vonovia SE

Germany's biggest residential landlord Vonovia has reported an increase in core profit (FFO 1) of 18% to €457.7m in the first half of 2017, it announced this month. Vonovia attributes the growth to its billion-euro investment program and organic... Read more

Companies

Rolf Buch - Vonovia

Vonovia SE

As it gets ever more difficult to find residential portfolios at the right price, the larger players are looking at creating their own new stock of housing, and benefiting from the extra margin accruing to developers in Germany's bubbling housing... Read more

Companies

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

Companies

Philip Grosse - Deutsche Wohnen

Deutsche Wohnen AG

Germany's second-largest publicly listed residential property company Deutsche Wohnen reported a strong start to the year with an increase in most of its key perfromance indicators, and confirmed its forecast for the full year, independent of any... Read more

Companies

Andreas Dombret - Bundesbank

Deutsche Bundesbank

Is a German property bubble on the cards? Germany’s central bank (Bundesbank) seems to think so and sounded an alert earlier this month, citing low interest rates and banks chasing yields. Read more

Markets

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