Business Immo, the real estate website

Thorsten Schönenberger

Member of the Board of Managing Directors

Listed

Frankfurt's DIC Asset in 3Q sells two assets for €71m in Frankfurt, Leipzig

Frankfurt's DIC Asset in third quarter sold two assets for €71m in Frankfurt and Leipzig from its GEG institutional division after increasing values with active management. The notarised sales (...)

Office

Paris-based Ardian acquires third asset in Berlin: office project 3 Höfe work

Paris-based private investment group Ardian, formed in 2013 in a spinoff of AXA Private Equity, has acquired the office project 3 Höfe work in central Berlin.  Giving no (...)

Office

US manager Hines adds €300m Stuttgart office portfolio for fund

US-based real estate investment manager Hines has acquired the Karlshöhe office portfolio in Stuttgart for over €300m on behalf of its Hines European Value Fund. The portfolio (...)

Finance

Germany's LBBW, pbb extend €500m 10yr loan facility to Vonovia

Two German lenders, Landesbank Baden-Württemberg and pbb Deutsche Pfandbriefbank are jointly providing a €500m 10-year loan to German listed housing giant Vonovia. Pbb said in a release that the funds are being provided (...)

Office

Stuttgart's LBBW buys €90m German office portfolio

Stuttgart bank LBBW, which last week announced it will expand in real estate fund management, has signed a €90m purchase of five office properties (...)

Office

JP Morgan, LGT's German office buy from Munich's publity said at €230m

JP Morgan Asset Management and Liechtenstein-owned LGT Capital Invest have acquired four German office buildings from struggling Munich-based listed group publity for a price reported (...)

Retail

Vienna's Signa withdraws €3bn Kaufhof offer after Canadian Hudsons Bay rejection

Just two days after appointing a new CEO, Canadian retailer Hudsons Bay this week announced its rejection of an unsolicited offer for German store (...)

Office

Berlin Sony Center an attractive buy even if not a 10% yield - ULI Europe Conf.

Berlin's Sony Center will not yield the 10% that Canada's Oxford Properties usually targets in real estate but was nonetheless an attractive purchase due to the (...)

Retail

LBBW, pbb, ING provide 57% senior financing for Berlin Sony Center’s new buyers

There never was any doubt that Berlin Sony Center’s new buyers, Canada’s Oxford Properties and New York’s Madison, would find senior financing – and now Germany’s pbb (...)