DEALS 2006Halverton acquires Holzhauser Markt in Berlin for just over EUR 45mHalverton Real Estate Investment Management has completed the largest transaction to date for the HBI Fund in Germany, a 56,000 sq m industrial park on a yield of just over 7%
Adecco takes 1,400 square metres in down town FrankfurtThe world’s largest employment agency, the Swiss Adecco group, has leased 1,400 square metres of office space from GGI Gesellschaft für Gewerbeimmobilien mbH in the Oval am Baseler Platz, Baseler Strasse Halverton fills Gottmadingen industrial parkHalverton Real Estate Investment Management concluded three new rental contracts effective as of 1 August 2006 for a total of about 6,700 sqm of premises at Gottmadingen industrial park: Kühne & Nagel rent approx. 900 sqm, Kverneland Group approx. 1,000 sqm and FAGO Komponententechnik approx. 4,800 sqm IMW Immobilien acquires 800 unit portfolioIMW Immobilien AG, Berlin, has acquired more than 800 residential and commercial units located mostly in Berlin, Hamburg and Hanover. The total transaction value is EUR 196m, and the expected return is 6% p.a. Polis sells office building in Berlin Wilmersdorf to IVGIVG AG, Bonn has announced the purchase an office property on Rankeplatz, Berlin from Polis Grundbesitz und Beteiligungs AG, Berlin for EUR 10m. The 5,000 square metre building, which was refurbished in 2000, is fully leased. Polis’s main shareholder is Bouwfonds Asset Management Deutschland GmbH, a company in the ABN AMRO Group
Victoria Properties A/S acquires properties in BerlinThe Danish property company Victoria Properties A/S (formerly Torsana) has agreed to acquire three properties in central Berlin. The properties were acquired for a total of EUR 11.74m
ECO and conwert buy Allianz real estate portfolio in AustriaA consortium of conwert Immobilien Invest AG and ECO Business-Immobilien AG, both listed on the Vienna stock exchange, has acquired the property portfolio of Allianz Österreich Gruppe in Austria’s largest real estate deal to date. The 50:50 joint venture between the two companies has paid EUR 450m for 106 properties with a total floor area of 215.000 m². Develica Deutschland buys office building in Bonn
Deutsche Land buys shopping centreDeutsche Land plc, an Isle of Man registered company listed on the Alternative Investment Market (AIM) of the London Stock Exchange, has acquired a town centre shopping mall in Castrop Rauxel, North Rhine
Westphalia, at a gross cost of EUR 19.9 million PPR to sell flagship storePPR SA, the Paris based international multi-channel retailer, is taking advantage of a real-estate boom in Paris to dispose of its flagship Printemps department store, according to a report in The Wall Street Journal. Deutsche Bank Real Estate is said to be one of the bidders ORCO buys EUR 400m office portfolio in Berlin
Archstone acquires residential portfolio in BerlinArchstone B.V., a wholly owned subsidiary of Denver, USA based Archstone-Smith, one of the largest apartment companies in the United States, has announced the acquisition of a 657-unit apartment portfolio in Berlin from Cargill Value Investment and HPE, a subsidiary of GE Commercial Finance Real Estate Germany, for EUR 39.9m Patrizia sells 1,532 residential unitsPatrizia Immobilien, Augsburg, has sold a portfolio of 1,487 residential apartments of its own, together with 45 apartments belonging to third parties, to foreign investors, for a total of EUR 120m DB Real Estate sells portfolio to REIT Asset ManagementDB Real Estate Investment GmbH, Frankfurt a company in the Deutsche Bank group, has sold a portfolio of ten retail properties from its open-ended real estate fund grundbesitz-invest to REIT Asset Management GmbH Deka Immobilien sells two shopping centres for EUR 390m
Dubai Investment Group buys Märkisches ZentrumThe Dubai Investment Group, which manages the financial and real estate interests of Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, has agreed to buy the Märkisches Zentrum in Berlin for EUR 88m. The 54,700 square metre shopping centre, which generated a net rental income of €4.0 million in 2005, is being sold by UK property company Hammerson plc Euro Ejendomme buys prime offices in Berlin
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Develica Deutschland Limited, the property investment company recently listed on the AIM market of the London Stock Exchange, has agreed to pay €52 million for a 16,730 square metre office block in Bonn leased to Deutsche Telekom
ORCO Property Group S.A., a company listed on the Luxemburg and Prague stock exchanges, announced today that together with a real estate fund sponsored by Morgan Stanley Real Estate Investing, it had notarized a 400 million euros offer given to a Berlin institution for the purchase of an 800 000 m² income producing office portfolio in Berlin. 
Deka Immobilien Investment GmbH, Frankfurt has sold two shopping centres, Nova Eventis in Günthersdorf, and Allee Center in Leipzig, from its open-ended real estate investment fund, Deka-ImmobilienFonds. The purchaser is the London, UK based PCP Prime Commercial Properties plc. The Allee Center was acquired by Deka Immobilien in 2003. Nova Eventis (previously known as Saale Park) was acquired in 1993, and a phased refurbishment programme began in 2003. The disposal brings Deka Immobilien’s new orientation a step nearer, according to the company’s managing director, Reinhardt Gennies.
Euro Ejendomme AG, the German subsidiary of Danish Euro Ejendomme A/S, has acquired an 18,600 square metre office building in Berlin for Euro 24.65m. The building on the Erasmusstrasse is leased to Atotech, a company within the Total oil group. Euro Ejendomme is looking to invest Euro 250m in German real estate this year. Since 2003 the company has invested more than Euro 300m in Germany, including hotels, retail and offices. Media | RSS | Terms and Conditions | Privacy Policy | Disclaimer | Imprint