TD News International: 04/10/2016

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Commercial investment market is picking up

04/10/2016 The German commercial investment market gained momentum during the 3rd quarter. Owing to several large deals, nearly €15bn were invested, significantly more than Q3 of 2015. The transaction volume for January to September adds up to about €33bn, according to BNPPRE, CBRE, Colliers International, and JLL. This narrows the gap between 2016 and the exceptional [...]

Berlin: Signa buys Karstadt on Hermannplatz

04/10/2016 Signa has purchased the Karstadt building on Hermannplatz in Berlin-Neukölln from investment fund Meyer Bergman European Retail Partners II (MBERP II). The complex dates from 1951, and at around 90,000 sqm is one of the largest inner city department stores in Germany. It includes a parking structure with 680 spaces as well as residential and [...]

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50 % of Officefirst to go public on 14 October

04/10/2016 Up to 50 % of Officefirst shares are to be placed with the Frankfurt exchange as of 14 October. Subscription started yesterday in a price range between €21 and €23 per share, so the total offer volume can amount to up to €888mn. Officefirst would raise €450mn from the issuance of up to 21.4mn new [...]

Munich: Art-Invest sells Arnulfbogen to Generali

04/10/2016 Generali Real Estate (GRE) has purchased Munich’s “Arnulfbogen” from Art-Invest. The fully leased building of about 25,000 sqm floor space on seven levels was built in 1997 and modernized in 2015. The seller was advised by GSK Stockmann+Kollegen and CBRE. Art-Invest had bought the structure on the corner of Arnulfstraße 122-126 and Landshuter Allee 4-6 [...]

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Alan Cadmus founds Cilix Asset Management

04/10/2016 Alan Cadmus is starting a new enterprise after leaving Polis Immobilien: Cilix Asset Management GmbH was founded in Berlin on 1 October and intends to build real estate portfolios in the “Berlin/Potsdam metropolitan area and other attractive locations in Germany” for national and international investors. Purchases will focus on office and residential properties, with some hotels [...]

Arbireo launches first Spezial-AIF focused on retail property

04/10/2016 Arbireo Capital is launching the “Arbireo Spezial-AIF Lebensmittel-Einzelhandel”, the first Spezial-AIF focused on the grocery retail sector for institutional investors. Already, 15 grocery retail properties have been acquired for the seed portfolio. The seller is the Ratisbona Group, who was advised by Nexus Capital Advisors. Swims-Invest brokered the transaction and also advised; the buyer was [...]