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TLG sells 29 retail markets to Greenman and acquires office complex in Bonn

20/03/2019 TLG Immobilien is continuing to restructure its portfolio. For one, 29 smaller retail properties, mostly locate in Saxony-Anhalt and Lower Saxony, have been sold to Greenman for €118mn. Legal advice was provided by P+P Pöllath + Partners and White & Case. The move serves to unload properties that are no longer strategic or are labor-intensive, [...]

MLP expands real estate business

20/03/2019 MLP Group is acquiring a majority share of 75.1 % in Deutschland.Immobilien Group, and has secured pre-emptive rights for the remaining shares, which are retained by the management of the online market place for real estate investments founded in 2008. The purchase price is in the lower double-digit millions and consists of an initial purchase [...]

Wealthcap outsources property management to IC and Tectareal

20/03/2019 IC Property Management and Tectareal Property Management will be handling the property management for Wealthcap’s real estate portfolio. The mandate includes the technical and commercial property management of 143 assets with roughly 1.9 million sqm floor space. Asset management including leasing will remain with Wealthcap. The Unicredit subsidiary intends to focus even more on asset [...]

Demire halves financing costs and doubles FFO

20/03/2019 Deutsche Mittelstand Real Estate (Demire) significantly increased its profits this past business year. FFO I (before minority interests, after taxes) doubled from €11.7mn to €23.4mn, earnings for the period more than tripled from €19.4 to €69.0mn. The main reason is that financing costs were nearly cut in half after refinancing, so financing earnings improved from -€60mn [...]

CR Investment partners with new micro-living brand

20/03/2019 CR Investment Management has established a strategic partnership with the operator of serviced boutique apartments Stayery. The two firms plan to develop boutique apartments and convert existing properties into serviced apartments. According to expansion plans recently announced by Stayery, they intend to have more than 1,300 units in primary and secondary markets in the pipeline [...]

Gateway increases capital by 10 % – owners offer up to 15 %

20/03/2019 Gateway Real Estate has defined the parameters of its announced capital increase: For one, nearly 17 million new shares are to be issued, which corresponds to a base capital increase of 10 %. In addition, shares of up to 15 % of the increased base capital are to be placed from the holdings of the [...]

Hamburg Trust embraces projects and new markets

19/03/2019 Hamburg Trust intends to invest more abroad in the future. As CEO Georg Reul announced at the Mipim in Cannes, the firm wants to enter other foreign markets apart from Austria. Currently, for instance, they are reviewing the CEE region or Benelux states. He names Amsterdam as a particularly interesting office market, with 6 % [...]

DC Values enters the logistics segment

19/03/2019 Hamburg-based DC Values Group has founded an investment company for logistics and corporate real estate in Germany. The subsidiary DC Values Industrial GmbH is headquartered in Frankfurt and managed by Sonja Ebeling (43). She joined DC Values from Garbe Real Estate. Before the end of the year, the first Spezialfonds are to be launched and the [...]

X+Bricks hires Frank Redenz from Redos

19/03/2019 Frank Redenz (35) has been Head of Leasing at X+Bricks since 1 March. He joins the team of Maren Tschammler, who since October of last year has been Head of Asset Management at the company founded by former Corestate CEO Sascha Wilhelm. Redenz joins from Hamburg-based Redos Institutional, where he was Senior Fund & Asset [...]

Deutsche Bank and Commerzbank discussing merger

18/03/2019 Deutsche Bank yesterday officially released that it is discussing a merger with Commerzbank. There have been speculations for some time about a possible merger of the two largest German private banks. It is said that Federal Minister of Finance Olaf Scholz is pushing for the move. A merger would have immense impact on real estate [...]