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Commerzbank

Bank - Financial institution

Last update November 6, 2019 | Report an error

Jörg Krämer

Chief Economist

Martin Zielke

Chairman of the Board of Managing Directors

Hospitality

Commerz holds fast buying pace with €162m S-L for Düsseldorf's Hotel Maritim

Commerzbank's property unit Commerz Real is maintaining its fast pace of acquisitions, paying €162m in a sale-leaseback for Hotel Maritim in Düsseldorf's Airport City.  The purchase, involving a 30 (...)

Finance

Record Commerz Real purchase, of Millennium Portfolio, said done at €2.5bn

In the largest transaction in its history, said worth €2.5bn, Commerz Real has acquired the Millennium Portfolio of 49 German office, residential and retail assets for (...)

Housing

Commerz Real adds student, senior housing in Hanover for €36m

Germany's Commerz Real has extended its residential portfolio, investing €36m in separate student and senior transactions in Hanover, the capital of Lower Saxony state. The group purchased (...)

Listed

Germany's Commerzbank, Deutsche Bank end merger discussions

Germany's Commerzbank and Deutsche Bank have broken off discussions on a merger, saying that it was determined this would not be in the interest of either (...)

Housing

Commerzbank's Commerz Real earmarks €2bn for residential in next 4-5 years

Days after Germany's cooperative system manager made an unprecedented €1.4bn+ housing investment, Commerz Real, part of Commerzbank, said it is earmarking €2bn for residential in the (...)

Office

Prague office is latest Korean buy, at €250m for Hanwha; Hana deal said near

Korean interest in Euro office continues: Hanwha has bought, via GLL Partners, a Prague complex for over €250m, and a second €165m purchase by Hana is said to (...)

Finance

Commerz Real takes new digital step with stake in Bergfürst crowd-investor

Germany's Commerz Real, the property fund manager of Commerzbank, has taken a stake in crowd-investing platform Bergfürst to further its goal of becoming a digital asset manager. Giving no (...)

Listed

Paris REIT Cegereal net slides to €33m on valuations, but cash-flow stable

Paris office REIT/SIIC Cegereal posted a sharp drop in net income last year to €33.1m after €62.4m in 2017 mainly due to the high portfolio uplift last year, (...)

Finance

Germany's Commerz Real boosts 2018 deals over €5bn; Hausinvest reaches €14bn

Commerz Real, the real assets fund manager of Germany's Commerzbank, boosted transactions last year over €5bn and said its flagship Hausinvest fund grew to more than (...)

Office

GEG's Höller sees Frankfurt office market, helped by Brexit, staying stable

Frankfurt has become a major German real estate location, taking some €10bn of the national €60bn investment last year, of which Brexit sparked probably €1.5bn, says (...)

Office

Korea's Hana signs €120m sale-leaseback near Frankfurt with Commerzbank

South Korean wealth manager Hana Financial has signed to acquire an office building in Eschborn near Frankfurt for €120m in a sale-leaseback deal with Germany’s Commerzbank. The Seoul-based group, (...)

Office

Munich's Cells purchase of IKB HQ in Düsseldorf said done at €230m

Munich-based private firm Cells Property Investors has acquired the 57,600 sqm former HQ complex of IKB bank in Germany's Düsseldorf with an international investor for a (...)

Hospitality

Germany's Commerz Real, Steigenberger launch €250m hotel fund

Germany's Commerz Real, part of Commerzbank, has issued, together with the Steigenberger group, a fund for European hotel real estate targeting €250m in assets. The vehicle is a Luxembourg (...)

Retail

South Africa's MAS acquires German Flensburg mall for €62.6m

South Africa's MAS Real Estate has acquired Flensburg Galerie, a 25,540 sqm shopping centre in the northern German city of Flensburg, paying €62.55m to seller Commerzbank. In a release (...)

Office

Hamburg's Hansainvest buys 50% of €340m Frankfurt project

Hamburg's Hansainvest has acquired 50% of the Global Tower project in Frankfurt being developed for €340m by GEG German Estate Group in anticipation of acquiring the asset on completion. GEG, jointly (...)

Office

More Frankfurt office towers needed to match rising demand - Colliers

Office occupiers in Frankfurt are increasingly focusing on skyscrapers, making them popular investment assets and depressing vacancies to 3.7%, says adviser Colliers. Also due to Brexit (...)

Office

Commerz Real's Frankfurt Omniturm buy said at €700m

Commerzbank's real assets manager Commerz Real has purchased one of Frankfurt's largest and most spectacular office projects, Omniturm, for a price reported to be almost €700m. Seller (...)

Finance

German CZ's Commerz Real seeks €500m for new infrastructure fund

Commerz Real, the real assets investment unit of Germany's Commerzbank, is launching an infrastructure fund to tap into soaring global capital needs, seeking €500m equity from (...)

Listed

Paris office REIT Cegereal 1H EPRA earnings slip to €15m

Paris office REIT/SIIC Cegereal, controlled by New York-based Northwood Investors, reported a 1.6% first half fall in EPRA earnings to €14.7m on unchanged rental income and a (...)

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 (...)

Office

Singapore's CapitaLand REIT pays €356m for 2nd Frankfurt office asset

Capitaland Commercial Trust , the Singapore REIT controlled by the giant CapitaLand group, is paying €356m for a near-95% stake in Frankfurt office complex Galileo to seller Triuva, part of (...)

Finance

Shares in French Cegereal jump on 2017 results, special div; eyes capital raise

Shares in Paris office REIT/SIIC Cegereal, controlled by US firm Northwood, jumped 8% Friday after it reported 2017 IFRS net profit up by 51% at €62.4m (...)