ARTICLES LABELLED WITH TAG Germany

News CA Immo plans further changes in portfolio composition
24
Nov
2022

CA Immo plans further changes in portfolio composition

by Property Forum
In Q1-Q3 2022, CA Immo was able to increase its recurring earnings (FFO I) by 2.4% year-on-year to €102.5 million in the third quarter. Rental income rose by 2.5% to €158.1 million in the first nine months. The recent portfolio expansions and higher rental income from investment properties thus more than offset the effects from portfolio sales. Consolidated net income rose by 40% to €267.5 million, driven among other things by a strong revaluation result (Q1-Q3 2021: €180.4 million). The positive development in the third quarter was mainly due to the good letting business and the takeover of two project completions into the own portfolio. Following the strong first nine months, CA Immo confirms its earnings forecast for 2022 and expects recurring earnings (FFO I) of more than €125 million.
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News ZDR Investments invests again in Austrian retail asset
08
Nov
2022

ZDR Investments invests again in Austrian retail asset

by Property Forum
Czech real estate funds are attracted to invest abroad, and not only in Poland. ZDR Investments is now heading to Austria to acquire a retail park in Voitsberg, Austria, for the second time. It is now investing €12.3 million. In total, the group has already invested six times in Austria, writes E15.cz.
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News Garbe acquires €650 million European logistics portfolio
13
Jul
2022

Garbe acquires €650 million European logistics portfolio

by Property Forum
Garbe Industrial Real Estate GmbH raised approximately €400 million in equity among German and international investors for its investment fund, “Garbe Logistics Real Estate Fund Plus III” (GLIF+III). The Luxembourg special AIF (SICAV-RAIF) without maturity is an Article-8 fund with a manage-to-ESG strategy. With a planned investment volume of €5 billion, it is Garbe’s largest pan-European fund for institutional investors to date.
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News pbb provides €118 million loan to REICO 
25
May
2022

pbb provides €118 million loan to REICO 

by Property Forum
pbb Deutsche Pfandbriefbank has provided a €118 million credit facility to REICO ČS NEMOVITOSTNÍ, the biggest open-ended real estate fund on the Czech market, managed by REICO, an investment company of Česká spořitelna. The facility will be used to fund the acquisition of two newly built logistic properties in Upper Silesia as well as for the refinancing of an office building in Warsaw.
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News Would you want your building to know you?
20
May
2022

Would you want your building to know you?

by Ákos Budai
User data is highly valuable for smart buildings to create the best user experience possible and to help achieve ESG goals. The possibilities are endless and their only limit is related to privacy settings. Recently, Property Forum was invited to visit Drees & Sommer’s new net energy-plus HQ building in Stuttgart and to learn about the latest trends in building technology and sustainable development.
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News CTP Germany launches with €1.0 billion development target
03
Feb
2022

CTP Germany launches with €1.0 billion development target

by Property Forum
CTP has completed the takeover and delisting offer for Deutsche Industrie REIT-AG (DIR), which provides immediate scale in Europe’s largest economy. Germany now represents about 15% of CTP’s portfolio and becomes its third-largest market by gross asset value after the Czech Republic (42%) and Romania (21%).
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News Madison and Griffin to enter Germany's warehouse market
12
Jul
2021

Madison and Griffin to enter Germany's warehouse market

by Property Forum
Griffin Real Estate and Madison International Realty announced a joint venture for their two first investments together in Germany. With Griffin’s development partner, Panattoni, the firms will develop two build-to-suit properties, with footprint area of over 7,000 sqm and 9,100 sqm respectively, that have been leased to Amazon on a 15-year lease with combined investment volume over €80 million.
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News VGP and Allianz JV completes €68 million portfolio purchase
17
Jun
2021

VGP and Allianz JV completes €68 million portfolio purchase

by Property Forum
VGP and Allianz Real Estate, acting on behalf of several Allianz Group companies, announced a successful eighth closing with its 50:50 joint venture, VGP European Logistics. The transaction comprised of four logistic buildings, including two buildings in a new VGP park and another two newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture. The four buildings are located in Germany (three) and in the Czech Republic (one).
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News MLP wants to call the shots on Germany's warehouse market
02
Jun
2021

MLP wants to call the shots on Germany's warehouse market

by Michał Poręcki
Radosław T. Krochta, CEO & President of the Management Board of Polish industrial/logistics developer MLP Group S.A., is answering questions about the group’s expansion on the German market, changing requirements of warehouse space tenants and the long-term impact of the pandemic on the sector.
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News Cordia raises investment in Dutch company Argo
20
May
2021

Cordia raises investment in Dutch company Argo

by Property Forum
Argo Properties N.V., a Dutch company active in the German residential private rented sector, completed an initial public offering in which Cordia International participated as a part of its international expansion strategy.
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Latest news


New leases

  • Signify is relocating its existing headquarters in Lódź. The new office, located in the city centre in the Hi Piotrkowska complex, has an area of over 2,800 sqm. The tenant was assisted in the signing of the contract and the process of arranging the new office by the consulting firm CBRE.
  • Magwise Medical Centre is a new tenant of the Wola Retro office building in Warsaw owned by Develia. The clinic, which specialises in mental health, has taken nearly 390 square metres of space on the ground floor of the building.
  • Logistics company Fiege will lease approximately 5,000 sqm in the ONE industrial park in Lovosice built by Cromwell Property Group. The transaction was arranged by Matěj Indra, head of the industrial department at 108 Agency Czech Republic.

New appointments

  • Lucia Niculae has been appointed Business Development Director of Romanian construction company Pedro Construct. She has been an investor since 2018 and currently manages her own property portfolio. 
  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.
  • Michał Ozimek has joined the Valuation department at Corees Polska - Commercial Real Estate, taking up the position of Senior Valuation & Investment Analyst. Working in the agency's Warsaw branch, he will be responsible for supporting processes related to the development of property valuations.


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