Hamburger Immobilien Handlung (HIH) and LEG Immobilien have invested €300m and €484m, respectively, in German real estate.
HIH invested in a pan-German commercial real estate portfolio for a Spezial-AIF launched and managed by Warburg-Henderson, while LEG bought a portfolio of 9,600 residential units from Deutsche Annington.
HIH’s portfolio, sold by project developer DIBAG, is spread across western and southern Germany, with assets in Munich, Frankfurt, Stuttgart and Hannover.
The portfolio of mostly office buildings also includes retail and logistics assets.
The deal is the largest this year for HIH, which asset manages Warburg-Henderson KAG in Germany.
LEG’s portfolio, in the German province of North Rhine-Westphalia, was previously known as the ‘Vitus’ portfolio.
Deutsche Annington bought the residential portfolio late last year.
The company said it would use proceeds to repay debt.
Annington, which had its IPO in mid-2013, invested this April in a portfolio of 11,500 residential units sold by DeWAG for €944m.
LEG, meanwhile, increased its share capital through the issue of new shares.
