News, Views, and Analysis from the German Commercial and Capital Real Estate Markets

March 11, 2010
News

Saar-Galerie becomes the Europa-Galerie

Saarbrücken’s new EUR 170m shopping centre celebrated its topping out with more than 90% pre-let. The developer is ECE
03.03.2010 - More ›››

Hamburg will take over from Stockholm as European Green Capital in 2011

Hamburg Hafencity, the largest ongoing urban development programme in Europe, with a total surface area of 1.57km², stood out as a model for a sustainable and ecologically viable urban redevelopment
24.02.2010 - More ›››

Public Service Properties Investments

PSPI, the AIM listed specialist European real estate investment and financing company, reported a decrease of 0.5% in the value of investment properties in constant currency in Q2 2009
19.02.2010 - More ›››

Colonia wins award for innovative and sustainable asset management

Colonia Real Estate AG, Cologne has received the Immobilien Manager Award for best management of a residential real estate renovation project, involving the energy-saving renovation of 1,500 apartments in its own portfolio near Hamburg
19.02.2010 - More ›››

Union Investment acquires majority stake in Alexa shopping centre

Union Investment has finalized the agreement with Sonae Sierra and Foncière Euris/Rallye to become the new majority owner of Alexa in central Berlin. Each of the investors had a 50% share in the property and the Hamburg-based property fund manager paid some 316 million euros to acquire a majority stake (91%) in the 180-unit shopping centre on Alexanderplatz
17.02.2010 - More ›››

AEW Europe's Euroffice Fund has purchased an office building in Frankfurt for EUR 39.5 million

The 14,389 square metres office building in Damstadter Landsträsse in Frankfurt, was purchased from Australia's Macquarie Office Trust at an acquisition yield of 6.6% and is fully leased, with a weighted average unexpired lease length of 7.5 years
17.02.2010 - More ›››

Marco Polo Tower nominated for MIPIM Awards 2010

The 17 storey luxury apartment block on Strandkai in Hamburg’s HafenCity was developed by Hochtief Projektentwicklung and DC Residential. 70% of the design-ready apartments have been sold prior to completion this summer
17.02.2010 - More ›››

ING Real Estate Investment Management takes over cancelled logistics development project in Germany

ING Real Estate Investment Management (“ING REIM”) has taken over the development of a 170,000 – 180,000 sq m volume logistics park in Neu Isenburg, near Frankfurt, Germany, after the contract of the previous developer was cancelled.
25.01.2010 - More ›››

CORESTATE Capital AG to turn around 4,700 apartments

BGP Investment and CORESTATE Capital AG, Zug have entered into a comprehensive agreement in respect of approx. 4,700 apartments located predominantly in Western Germany
12.01.2010 - More ›››

WGF AG purchases 1,187 homes from Pirelli Real Estate

WGF Westfälische Grundbesitz und Finanzverwaltung AG (WGF AG) has acquired a real estate portfolio with a transaction volume of around 56 million Euro containing 1,187 residential units from Pirelli Real Estate
11.01.2010 - More ›››

Features

Germany bids to host Ryder Cup 2018

Germany, the “sleeping giant” of the European golf market, bears vast potential for development, according to KPMG’s Golf Advisory Practice. 24% of the country’s golf courses are in Bavaria
11.03.2010 - More ›››

German Property Snapshot

In comparison with the rest of Europe, German property centres were slower to react to the turbulence in the financial markets, with rental price adjustments impacted to a lesser degree, says Thomas Beyerle, Head of Global Research at Aberdeen Investors
10.03.2010 - More ›››

Recent developments in Germany’s insolvency practice

Dr. Bernd Schumann, Counsel at Salans LLP, discusses changes in the legal definition of “over-indebtedness” under s.19 of the German Insolvency Act
18.02.2010 - More ›››

MIPIM Awards 2010

This year the competition drew over 80 entries from 28 countries. Three of the finalists are from Germany
17.02.2010 - More ›››

Two million square meters transacted in the top five office markets

In 2009 approximately 2.0 million sqm of office space was leased in the five major German office markets of Berlin, Düsseldorf, Frankfurt, Hamburg and Munich
14.01.2010 - More ›››

Frankfurt office lettings market in 2009

With approx. 350,000 sq m of space leased, the office market in Frankfurt (including Eschborn and Offenbach-Kaiserlei) was 31 per cent lower than the previous year (510,000 sq m)
13.01.2010 - More ›››

After the storm: where next for European property?

Analyses by Nick Axford, Michael Haddock and Richard Holberton, EMEA Research and Consulting of CB Richard Ellis
11.01.2010 - More ›››

Upswing in investment turnover towards end of year

BNP Paribas Real Estate publishes market figures for 2009. Upswing in investment turnover towards end of year
11.01.2010 - More ›››

Few changes for fees despite market conditions

There is little evidence that challenging market conditions have yet had an impact on fee levels and structures for non-listed property funds, according to the latest report from INREV
08.01.2010 - More ›››

Starting off 2010 on an Optimistic Note

The December survey of the monthly King Sturge Real Estate Economy Index reports a considerable, across-the-board upturn of indicators
05.01.2010 - More ›››

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