All articles by Jan Wagner – Page 2
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News
Corestate in Zurich recruits Schulte Eistrup from Morgan Stanley
REAL ESTATE – Corestate Capital, a new Zurich-based real estate asset manager, has hired Christian Schulte Eistrup as managing director with responsibility for capital raising and investor relations. The appointment is with immediate effect....
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News
Deka to invest more outside Germany
REAL ESTATE – Germany’s Deka says its real estate funds for institutional investors plan to invest €550m in new properties over the near term, with €250m going to German objects and €300m to those outside of Germany....
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News
Swiss Partners Groups acquires PCA in US
REAL ESTATE - Swiss alternatives asset manager Partners Group said it had acquired the private real estate investment arm of US-based Pension Consulting Alliance (PCA). Financial details were not disclosed. Partners Group said that as a result of ...
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News
APK fund invests CHF50m in Swiss housing projects
REAL ESTATE – Aargauische Pensionskasse (APK), a CHF5.5bn (€3.4bn) pension fund for Swiss civil servants, has invested CHF50m in two separate housing projects in the city of Aarau. The projects, which include 65 new flats for the elde...
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News
IVG issuing €400m of convertible bonds for growth purposes
REAL ESTATE – German real estate firm IVG says it has issued €400m worth of convertible bonds for the purpose of financing future growth and large acquisitions. IVG sold the convertibles last week to primarily European institutional in...
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Swiss pension fund sells 23 properties to Avadis and mandates Arlington
REAL ESTATE – BLPK, a CHF5bn (€3.1bn) Swiss pension fund, has sold 23 properties worth CHF221m to asset manager Avadis to diversify its real estate portfolio. BLPK said that as part of its deal with Avadis, it had obtained a shareholdi...
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German corporates to sell real estate to create REITs
REAL ESTATE – Over a quarter (27%) of quoted German corporates had concrete plans to sell their property holdings to create real estate investment trusts (REITs), according to a study by German real estate fund firm DEGI. Legalisation of Ger...
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Macquarie opens in Frankfurt and Paris to boost continental real estate
REAL ESTATE – The real estate fund arm of Australian investment bank Macquarie has this month opened offices in Frankfurt and Paris to step up its investments on the European continent. "We see great potential for both office and logis...
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News
DIFA to sell €1bn in commercial property
REAL ESTATE – DIFA, a German provider of open-ended real estate funds, has announced plans to sell more than €1bn worth of German commercial properties held by its funds. DIFA said it had already hired Atisreal, the real estate consul...
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German firm criticises G-REITs legislation
REAL ESTATE – German property firm IVG Immobilien has lambasted the government legislation creating German real estate investment trusts (G-REITs), saying that unless it is improved, G-REITs will not be successful. Germany’s parliament...
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News
Germany’s NAEV ups real estate exposure
REAL ESTATE – Germany’s NAEV, a €7.75bn medical pension fund, will expand investments in real estate investment trusts (REITs) and other real estate securities over the next three years, says Hermann Aukamp, NAEV’s director of...
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News
Jones Lang LaSalle opens in Dusseldorf
REAL ESTATE – Jones Lang LaSalle, the US real estate broker and asset manager, says that from January 1, it is creating a new German asset management services unit based in Düsseldorf. JLL said that to lead the unit, it had recruited Hi...
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News
Hesse sells €770m of real estate
REAL ESTATE – Austrian real estate firm CA Immo has confirmed that it is close to purchasing €770m worth of properties owned by the German state of Hesse. "We are in the final stages of the bidding process," CA Immo said on...
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News
German government green lights REITs
REAL ESTATE – Germany’s federal cabinet has approved the legalisation of German real estate investment trusts (G-REITs) from January 1, though, as reported, the vehicles will not include residential property. The relevant draft law now...
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News
Fortress to float German portfolio
REAL ESTATE – US private equity firm Fortress will on Thursday float part of its German property portfolio, consolidated under the firm Gagfah, on Frankfurt’s stock exchange. Fortress said that on Thursday, it would offer 45 million sh...
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News
Germany’s VBL plans Asian property move
REAL ESTATE – VBL, a €12bn pension fund insuring four million German public sector employees, is planning an initial investment in Asia’s property market by the end of 2006. "We currently have 5% of our assets allocated to ...
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News
IVG ups Oppenheim real estate stake
REAL ESTATE – German real estate specialist IVG Immobilien plans to acquire nearly all of Oppenheim Immobilien-Kapitalanlagegesellschaft (OIK), Germany’s leading provider of real estate funds for institutional investors. IVG said that ...
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News
DB Real Estate sells German properties
REAL ESTATE – DB Real Estate, the property fund arm of Deutsche Bank, has sold six properties worth €500m from its core German fund to Fortress, the US private equity investor. A spokesman for DB Real Estate said the properties were so...
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News
Deka keeps mum on €1bn property sale reports
REAL ESTATE – DekaBank, a German provider of open-ended property funds, has declined to comment on a news report that its core German fund will soon sell 50 properties for €1bn to either Whitehall, a Goldman Sachs venture or Cerebus, a US...
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News
Fortress to float German portfolio
REAL ESTATE – US private equity firm Fortress will float part of its €7bn German property portfolio on stock exchanges in October, the firm has announced. Fortress’ German arm also said that for the IPO, it had chosen Goldman Sac...
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