Business Immo, the real estate website

Anke Herz

Team Leader Debt Advisory Germany

Ralf Kemper

Head of Valuation and Transaction Advisory

Konstantin Kortmann

Head of Residential Investment Germany

Helge Scheunemann

Head of Research Germany

Timo Tschammler

Chief Executive Officer (CEO), Germany

Axel Vespermann

Regional Manager Frankfurt

Finance

German 2018 real estate bank lending expands 8%, to continue this year

German real estate bank lending expanded by 8% last year in volume, says adviser JLL, and it expects credit issuance growth to continue through 2019. In a (...)

Office

German 1Q office prices up 1.9%qq as yields compress further - JLL's Victor

German prime office values rose 1.9%qq in first quarter, mainly due to a further falls in yields in the Frankfurt banking sector, according to JLL's Victor Prime Office (...)

Housing

Lack of product, expropriation fears hit German 1Q resi investment

German residential investment fell 45%yy in first quarter to €4bn mainly due to lack of product but also from investor caution over a citizens' expropriation campaign, (...)

Office

LaSalle IM pays €134m to acquire Munich’s Westen Yards

LaSalle Investment Management has agreed to pay €134m to acquire the 31,000 sqm Westend Yards office building in Munich from PGIM Real Estate. The agreement has been (...)

Office

German Warburg-HIH's office sale to French Amundi said at €570m

For a price reported at some €570m, Hamburg's Warburg-HIH Invest has closed the largest transaction in its history, selling five office properties to Paris-based Amundi Immobilier. Warburg-HIH Invest said it has (...)

Finance

Investors still favour offices above all else

With €29.7bn spent on offices last year, a 24% jump from 2017, Germany established itself as the biggest office market in Europe, a surge led by (...)

Office

German Big 7 office take-up at €4m sqm, 6.5%yy lower but still 2nd highest - JLL

Office space take-up in the Big 7 German urban markets reached almost €4m sqm last year, the second highest ever but undershooting by 6.5% the record (...)

Finance

German 2018 CRE investment hits €60bn; demand to stay high at €55bn this yr - JLL

The upturn in commercial real estate investment continued in 2018 and reached €60.3bn, and demand should remain high in 2019 taking it to around €55bn, says (...)

Office

Europe's flexible office space to expand by 7m sqm through 2023

Flexible office space in Europe has more than doubled since 2014 and could grow 30% p.a. over the next five years, adding 7m sqm by 2023, (...)

Retail

Hamburg's redos acquires German Olymp retail park portfolio

Hamburg fund manager Redos has acquired the Olymp portfolio of 11 retail parks and hybrid centres in Germany for a special fund set up with Union Investment. At 141,000 (...)

Office

JLL's Victor German office indicator grows at moderate 1.5%qq in 3Q

JLL's proprietary Victor Prime Office Indicator rose 1.5% in the third quarter, continuing its moderate growth in 2018 and undershooting the 2%-mark set in three of (...)

Housing

Berlin manager acquires two mandates, 750 flats worth €90m from Union

Berlin private investment manager Deutsche Asset One has acquired 750 apartments valued at around €90m in two separate account mandates from Union Investment Real Estate. In a (...)

Office

Warburg-HIH forward twin office buy in Frankfurt said at €300m

Live from Expo Real (Munich) - Hamburg's Warburg-HIH Invest Real Estate has, in forward deals, acquired two adjacent Frankfurt office projects with 53,778 sqm for a (...)

Housing

German resi investment at €15bn ytd as foreign buying continues

Live from Expo Real (Münich) - German residential investment year to date has reached €14.9bn or 103,000 units, says adviser JLL, 37% above year-ago as international (...)

Finance

Global real estate robust but political, trade headwinds loom - JLL's Tschammler

Global real estate investment and leasing continues to perform well, with demand robust and more investors raising allocations, says Timo Tschammler, CEO of JLL Germany. But (...)

Finance

Frank Pörschke leaves JLL to pursue new entrepreneurial activities

Frank Pörschke, long-time Germany head for international adviser JLL and more recently its president of EMEA markets, is leaving the firm at his own request to (...)

Finance

German CRE investment heads for strong 2018 after €25bn+ in 1H - agents

German commercial property investment is heading for another strong 2018 after more than €25bn changed hands in first half, international advisers agree. But investors are relying (...)

Retail

Dublin's Greenman acquires Berlin mall for €79m from Cerberus

Dublin's Greenman Investments has acquired the Biesdorf Centre in Berlin for €79m from US fund Cerberus for its Greenman Open fund, and says it will seek more food-anchored (...)

Retail

ActivumSG €489m Fund V two-thirds committed after German Halle buy

Jersey-based turnround specialist ActivumSG said it has committed two-thirds of the €489m capital in its Fund V after acquiring the 22,000 sqm Ritterhaus mixed-use building in Germany's Halle. The (...)

Office

UK's Tristan makes purchases in Wroclaw, Cologne; disposal in Luxembourg

London real estate fund manager Tristan Capital Partners has announced three new transactions - acquisition of a development site in Poland's Wroclaw and a mixed-use complex in Germany's (...)

Finance

Japan capital entering euro real estate not for the cycle but the longer term

The entry of GPIF, Japan Post and other giant Tokyo institutions to European property is happening but may take longer if managers reject inital fee demands. Still, (...)

Finance

German CRE investment should reach €55bn as prices peak this year - JLL

Transactions in German commercial property reached €12.3bn in first quarter, about the same as 1Q17, and JLL Germany said it expects around €55bn for 2018, roughly last year's (...)

Listed

Vienna's CA Immo boosts 2017 FFO by 16%, EPRA NAV 12% to €29.90 shr

Vienna's listed CA Immobilien, one of three Austrian firms presently in focus for possible creation of an 'Austria Champion', reported a 16%yy surge FFO to €106.8m in (...)

Housing

Engel & Völkers advises €73m Buwog German resi acquisition

Hamburg-based Engel & Völkers Investment Consulting said it accompanied the successful purchase of a residential portfolio by Viennese firm Buwog from London-listed Phoenix Spree Deutschland (PSDL) as part of a (...)

Office

German 2017 CRE investment hits record €57bn, 2018 to depend on rates, bonds - JLL

Investment in German commercial property last year hit €56.8 bn, shattering the prior record set in 2015 by €1.7 bn, and up 7% from 2016, says (...)