TD News International: 15/03/2017

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FFIRE buys NPL office portfolio from Oaktree

15/03/2017 FFIRE Immobilienverwaltung has purchased a package of six office properties in Ulm (two buildings), Neuss, Bochum, Hattingen and Freiberg near Stuttgart. Taken together, the buildings have about 34,000 sqm, the lots add up to roughly 37,000 sqm. The assets originally belonged to several private equity funds that have fallen on financial hard times, as was [...]

Peach Property buys large residential package in Ruhr region

15/03/2017 The Peach Property Group signed a purchase contract yesterday for 1,114 apartments with around 73,000 sqm living space in Oberhausen und Duisburg. According to Peach, the seller is a “large German real estate firm”; no further details were provided upon inquiry. Industry giants LEG, Vonovia, and Vivawest state that they are not involved in the [...]

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Warburg-HIH: “We can do big tickets”

15/03/2017 Warburg-HIH is aiming at a transaction volume of up to €2bn for 2017, said Managing Director Alexander Eggert at the Mipim real estate expo in Cannes. This would bring the investment branch of HIH roughly to last year’s level (€1.9bn). About €1.2bn are to be purchases, half of that could be invested in Germany. Eggert [...]

Becken: Bulging project pipeline and opening for third-party investors

15/03/2017 Developer Becken’s pipeline is brimming. The next five to eight years will see a project volume of €1bn realized, said Michael Becken, Managing Director of Becken Holding, at the Mipim in Cannes. He added that the Hamburg-based company will soon be active in all German Top 5 cities: An office project in Düsseldorf is about [...]

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Office rents: B-rated cities beat top markets in price increases

15/03/2017 The list of the ten German office markets with the highest rent price increases over the past five years includes many more B and C markets than A markets. This was revealed in a study by Apleona GVA and BulwienGesa. Topping the list are Berlin (+86 %) and Munich (+71 %), followed by Leipzig, Dresden, [...]

Allianz: Portfolio grows substantially in 2016

15/03/2017 Allianz Real Estate had a strong year in terms of purchases and issuing of credits last year. With investments of over €5.8bn, the insurance group’s real estate branch expanded its worldwide portfolio by more than a tenth to €520bn. Real estate financing in the USA contributed €1.9bn, financing in Europe added €0.9bn. Of the remaining [...]