ARTICLES LABELLED WITH TAG Germany

B+N Referencia Zrt., present in eight CEE-based markets, has signed an agreement to acquire a controlling stake in Koberl Group, the leading facility management and building services provider in Germany. The transaction is expected to close in Q1 2025. 

Investors across Europe will continue to focus on sectors with strong structural tailwinds, such as living and logistics, according to a Knight Frank report. 

CA Immo recorded a 4% increase in rental income to €179.1 million in the first nine months of 2024 versus 2023 despite the sale of non-strategic properties, while it posted a net loss of €33.4 million compared with a profit of €61.1 million in the same period of last year.

Wing has announced the sale of the Honvéd Center office buildings in the Central Business District of Budapest to Greve Honvéd Kft, a subsidiary of Hamburg-based Greve Group, for an undisclosed amount.

GTC Group’s management board has announced the acquisition of a residential portfolio in Germany, currently held by Peach Property Group. The portfolio is spread around the cities of Kaiserslautern, Helmstedt, and Heidenheim. It comprises 5,165 residential, 47 commercial units, 71 other units, and 2,108 parking units with a total leasable area of 324,167 sqm. GTC said the portfolio has an adjusted property value of approximately €448 million based on full ownership.

Dr. Angelus Bernreuther has been appointed as the new Head of Business Development at Defama, tasked with leading the transaction business of the publicly listed holder of retail properties.

VGP NV and AREIM Pan-European Logistics Fund AB have announced the signing of an initial transaction between VGP and its 50:50 joint venture SAGA. The target investment is reaching €1.5 billion.

JTRE is strengthening its position as an international developer. It has established a German branch and has announced its first project in the central Berlin location.

In 2023, MLP Group delivered a satisfactory set of results, both from the operational and financial point of view, driven by strong leasing performance on warehouse space across all its markets. The company recorded 29% revenue growth, with 2024 set to be the harvesting time.

Galeria Karstadt Kaufhof, Germany’s largest department store chain owned by Austrian Sign Group, has initiated its third insolvency procedure in less than four years over financial issues.