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Brune Immobilien Group commissioned Catella as sole agent in Dusseldorf

Brune Immobilien Group commissioned Catella with the exclusive right to let the Office Center North and the Airport Trade Center in Dusseldorf. In total approximately 67,000 sq m - 11, 000 sq m of existing property and 56,000 sq m of planned office space - are to be let.
24.07.2008 - Stories

Thomas Schmengler becomes Managing Director of Deka Immobilien

Thomas Schmengler (52), Managing Director of KIZ Projektentwicklung GmbH in Bad Soden-Salmünster, is taking over from Gerhard Gminder (52) as Managing Director of Deka Immobilien GmbH on 1 September 2008
24.07.2008 - Columns › People

Harald Gude becomes a member of the management of IVG Asset Management

Rolf Moritz Webeler, until now manager of IVG Asset Management GmbH in charge of Transaction, will leave the company with effect from 31 July 2008 at his own request. He will be succeeded by Dr. Harald Gude
22.07.2008 - Columns › People

IC Immobilien Holding AG pays Euro 1.00 dividend

IC stock was quoted at EUR 12.69 on the day of the shareholders’ meeting, 17 July, so the distribution equals 7.1 percent of the issue price or 7.9 percent of the current share price. At the time of the IPO in August 2006, IC Immobilien Holding AG units had been quoted at a fixed price of EUR 14.00 per share
18.07.2008 - Columns › Finance

EUR 800m restructuring of Meinl European Land

Under CPI / Gazit Holdings Limited's proposals, approved at an Extraordinary General Meeting on 16 July, Meinl European Land Limited will be renamed Atrium European Real Estate Limited
18.07.2008 - Columns › Finance

Simon Nelson appointed European asset manager of ProLogis European Properties

ProLogis European Properties has announced the appointment of Simon Nelson as Head of Asset Management, with effect from 1 August 2008
18.07.2008 - Columns › People

DIC Asset disposes of five commercial properties for EUR 22m

The properties from its Value-Added and Opportunistic Co-Investments segments, located in Frankfurt, Hamburg, Cologne and Nuremberg, have been placed with various investors – primarily in the private sector
18.07.2008 - Stories

Nokia Siemens Networks and Daimler lease 44,600 sq m in Valad German Aktiv Fund

Nokia Siemens Networks has taken 17,000 sq m of office, high tech and warehouse space in Düsseldorf, and Daimler AG has taken over 27,600 sq m of office, storage and production use space in Berlin
18.07.2008 - Stories

Assets and liquidity position of Dawnay, Day Treveria unaffected by current issues surrounding the Dawnay, Day Group

The Board of Dawnay, Day Treveria PLC has noted the press speculation regarding the Dawnay, Day Group, and has confirmed that the company's assets and liquidity position is unaffected by current issues surrounding the Dawnay, Day Group. The company is a separate legal entity controlled by an independent board of directors, five out of six of whom are independent of the Dawnay, Day Group
16.07.2008 - Columns › Finance

W. P. Carey Group acquires Actebis global headquarters and logistics facility

Two of the publicly held non-traded REIT affiliates of listed US investment firm W. P. Carey & Co. LLC have purchased two properties in Soest and Bad Wünnenberg from Arques Industries for approximately US$58m
16.07.2008 - Stories

European property investors increasingly pessimistic

Pessimism among European property investors has deepened since autumn 2007 in the wake of the global financial crisis, according to Union Investment's Investment Climate Index
16.07.2008 - Features

Sal. Oppenheim establishes real estate investment management company

Sal. Oppenheim Real Estate has combined its activities in the area of real estate investment management in a new company called “4IP Management AG” in Zurich. Claudia Reich Floyd, previously with Citi Property Investors, will become Head of Real Estate Securities
14.07.2008 - Stories

Germany’s largest Designer Outlet Centre extended by 3,000 sq m

Kenmore Property Group has invested a further EUR 11m in its designer outlet in Zweibrücken, which now has a total area of 18,200 sq m
11.07.2008 - Stories

Kenmore acquires two residential care homes in Germany for EUR 15.5m

Kenmore Property Group, based in Edinburgh, has created a new Care Home Fund, focused on the acquisition and management of elderly residential care homes in Germany. First acquisitions are a 3,650 sq m care home in Rüsselsheim, and a 4,204 sq m care home in Schnaittenbach
11.07.2008 - Stories

Düsseldorf office market sets record first half

In the first six months around 196,000 sq m of office space was let in the city, a new half-year record which continues the city's unbroken run of success, report Colliers Trombello Kölbel
11.07.2008 - Features

Union Investment acquires real estate worth 1 billion euros in first six months of 2008

Union Investment Real Estate AG added significantly to its property portfolio in the first six months of 2008, investing some 1 billion euros in a total of 18 real estate projects and properties worldwide.
10.07.2008 - Columns › Finance

DTZ Holdings plc published Preliminary Results for the year ended 30 April 2008

DTZ Holdings plc, a major global property adviser, announced its Preliminary results for the year ended 30 April 2008 with increased revenue through ongoing diversification and globalisation
10.07.2008 - Columns › Finance

Aberdeen Property Investors Deutschland appoints Fabian Klingler as a new Managing Director

Effective 1 August 2008, Fabian Klingler (39) will be joining the Management Board. Fabian Klingler is an experienced specialist in the real estate fund sector. He completed his studies of architecture at the University of Stuttgart and business sciences at the University of Hohenheim.
10.07.2008 - Columns › People

Vivico acquires omniCon Group

Vivico has acquired the construction management specialist omniCon Holding GmbH. Founded in 2001, omniCon manages complex building projects from the initial idea, planning, realization, and handover to the follow-up support via the two companies omniPro Gesellschaft Projektmanagement mbH and omniCon Gesellschaft für innovatives Bauen mbH
09.07.2008 - Stories

Eurohypo, Natixis, DekaBank and Société Générale finance acquisition of Deutsche Post portfolio by Lone Star

In the context of a so-called club deal, Eurohypo, Natixis, DekaBank and Société Générale will finance the EUR 700m acquisition of more than 1,000 Deutsche Post properties by Lone Star Real Estate Fund, which are predominantly leased back to Deutsche Post on a long-term basis. Eurohypo functions as facility agent and as security agent
09.07.2008 - Columns › Finance

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