Jan Wagner
- Magazine
Shifting sands
The debate over whether to domicile offshore or onshore and which jurisdiction to choose is changing continually, as Jan Wagner finds
- News
Allianz raises €1.3bn in IVG leaseback
GERMANY – IVG Immobilien, Germany’s biggest listed property firm, has acquired €1.3bn worth of office properties in Germany from insurance giant Allianz to be included in an upcoming German real estate investment trust (G-REIT).
- News
IVG sees Parisian charm in €323m deals
GERMANY – IVG Immoblien, Germany’s largest quoted real estate firm, has completed €323m worth of transactions in Paris which included selling an office building on the city’s “Rive Gauche” for €165m and buying two others for €158m.
- News
IVG sees Parisian charm in €323m deals
GERMANY – IVG Immoblien, Germany’s largest quoted real estate firm, has completed €323m worth of transactions in Paris which included selling an office building on the city’s "Rive Gauche" for €165m and buyin...
- News
IVG fires fund arm board member
GERMANY – Siegfried Cofalka has been fired with immediate effect as board executive at OIK, the fund arm of listed German real estate firm IVG Immobilien. IVG declined to disclose the reason for its abrupt dismissal of Cofalka but said Peter...
- News
German transactions top €26bn in H1
GERMANY – Commercial property transactions in Germany totalled €26.4bn in the first half – a 34% increase over the same 2006 period – and should reach €50bn for the full year, US broker Jones Lang LaSalle (JLL) has repor...
MagazineTake a step back
Germany’s impressive economic outlook bodes well for investment in its real estate market, but investors need to consider the options carefully, as Jan Wagner reports
- News
Austrian firm to launch G-REIT by spring 2008
GERMANY – Austrian real estate firm CA Immobilien intends to launch a German real estate investment trust (G-REITs) by next spring that will have between €1.5bn and €2bn in assets. In a statement, CA Immobilien said between 26% a...
- News
IVG to launch €2bn German REIT in 2008
GERMANY – IVG Immobilien, Germany’s biggest quoted real estate firm, has announced it will next year launch a German real estate investment trust (G-REIT) with around €2bn in commercial property assets. The German government lega...
- News
Vector’s bid to become hotel REIT thwarted
UK – Investors have derailed plans by UK hotel group Vector Hospitality to become Europe’s first hotel real estate investment trust (REIT). Vector was forced to abandon a planned flotation on the London Stock Exchange (LSE) last Thursd...
- News
DEGI sells on Eurotower
GERMANY - DEGI, a German provider of open-ended real estate funds, said one of its funds had sold near €3bn worth of properties in Germany, including Eurotower, the current seat of the European Central Bank (ECB) in Frankfurt. DEGI said the ...
- News
Henderson and mfi launch German shopping centre fund
REAL ESTATE – UK manager Henderson Global Investors has teamed up with German property manager mfi to launch a closed institutional fund to invest in German shopping centres. The fund is targeted to investors in Germany and abroad and promis...
- News
Denmark's KP enters German real estate
REAL ESTATE – Danish pension fund KP International A-S has made its inaugural investment in German real estate, paying a bit more than €30m for an office building in Düsseldorf. The 16-story building is fully rented to Sparda Bank...
- News
Jones Lang LaSalle sees 10 listed German REITs
REAL ESTATE – Between five and 10 listed German property firms are to become tax-privileged German real estate investment trusts (G-REITs) in the coming months, says Jones Lang LaSalle, the US-based real estate broker. On March 30, Germany&#...
- News
Germany’s DIC in €460m buy from SEB
REAL ESTATE – German real estate firm DIC Asset AG said it has invested €460m to acquire 26 commercial properties in Germany from SEB Asset Management. DIC said the €460m covered both the purchase price of the properties and cos...
- News
Dutch giants in €700m German real estate tie
REAL ESTATE – Dutch and Danish pension giants ABP and ATP have teamed up with German real estate firm Patrizia Immobilien to launch a joint venture that will invest up to €700m in German commercial real estate. Under the arrangement, A...
- News
Warburg-Henderson spells out its €1.4bn plans for 2007
REAL ESTATE – Warburg-Henderson, a German provider of real estate funds for institutional investors, plans to allocate €1.4bn to acquire western European commercial properties this year. "Considering the record level of investmen...
- News
Bundestag passes G-REITs bill
REAL ESTATE – Germany’s lower house of parliament, the Bundestag, has approved draft law legalising German real estate investments trusts (G-REITs) retroactively from 1 January.
- News
Michael Koch found guilty of corruption in Frankfurt court
REAL ESTATE – Michael Koch, the central figure in the 2004 bribery scandal that engulfed German real estate fund provider Deka, was found guilty of corruption by a Frankfurt court but will not go to jail. Instead, the Frankfurt court sentenc...
- News
Moor Park buys 91 German and Dutch hotels from Accor
REAL ESTATE – Moor Park, a London-based real estate fund provider, has paid €863m to acquire 72 hotels in Germany and 19 in the Netherlands from French hotel chain Accor. Under the deal, Accor will rent the hotels, which fall under the...
