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Alstria increases FFO and profitability

06/11/2018 Alstria has increased its funds from operations (FFO) by 3.1 % to €88.6mn during the first three quarters of the year. The FFO margin reached a new record level of 61.1 % (Q1-Q3 2017: 59.8 %), which the Hamburg firm explains with low costs. So far this year, Alstria has sold five properties in Bremen, Neuss, Dresden, [...]

P3: Logistics developer appoints new MD for Germany

06/11/2018 Logistics developer and investor P3 Logistic Parks, who has been part of Singapore’s sovereign wealth fund GIC since 2016, has appointed a new Managing Director of German Business. As TD learned, the company parted ways with former MD Jürgen Diehl the week before last, who had filled the position since 2015. Reasons for the decision [...]

Redos buys Olymp portfolio from TH Real Estate

05/11/2018 Redos Group has purchased the so-called Olymp portfolio with eleven retail parks and hybrid centers in Germany. The seller is a fund managed by TH Real Estate, the purchase was for the Spezialfonds “Redos Einzelhandel Deutschland II” issued with Union Investment. The package with a total of 141,000 sqm lettable space contains ten properties in [...]

Domicil plans investments in housing projects

05/11/2018 For the first time, Domicil will be investing in developments in addition to existing buildings, and is planning initial acquisitions even before the end of the year, as the investment firm has announced. In the first three quarters of 2018, the company has acquired 3,921 properties for roughly €1bn with more than 285,000 sqm. Most [...]

Value of German top offices rising only moderately

24/10/2018 The value index “Victor” for German top office property climbed during Q3 by 1.5 % to 188.1 points. The growth rate thus remains below the 2 % mark for the third time, after exceeding it three times last year. Growth impulses are coming almost exclusively from the lease market, while yields did not decline in [...]

TTL calls off capital increase for the time being

24/10/2018 TTL Beteiligungs- und Grundbesitz-AG has decided to put the capital increase announced in early October on ice for now. As reported, the plan was to place 8.8 million new and 3.5 million existing shares with institutional investors before the end of the year, which would have increased the firm’s base capital by one third and [...]

Logistics property: lack of space drives up rents

23/10/2018 The striking lack of available logistics space combined with increasing demand is now causing higher rent prices in the top 5 regions. According to CBRE, top rents rose by an average 3 % to €5.94/sqm, with Berlin and Munich at €4.80 and €7/sqm marking the lower and upper end of the spectrum. In the top 5 [...]

Deutsche-Hypo Index stagnates despite Expo Real

23/10/2018 The real estate sentiment index compiled by Deutsche Hypo dipped slightly in October by 0.6 % to 125 points. This year’s Expo Real, the bank comments, has not positively impacted the climate in the real estate market. It is worth noting that the investment climate is basically stagnating at a plus of 0.1 %, while [...]

Lease market for retail space up slightly

22/10/2018 The lease market for retail property is holding steady, according to figures compiled by JLL, and achieved a small plus at the end of Q3 with 121,700 sqm, slightly more than the two previous quarters. The nine-month total comes to 360,000 sqm with roughly 800 contracts (+5 %). The Big 10 are fighting their way [...]

M7 launches new fund for Germany and Northern Europe

22/10/2018 M7 Real Estate is launching a new core plus to value add fund for Northern and Central Europe. CEO Richard Croft is anticipating a volume of €300mn to €400mn with €125mn in equity. The “Ereip V” will be acquiring office, light industrial, and retail properties. Apart from target countries Germany, the Netherlands, and Denmark, Croft [...]