Business Immo, the real estate website

Olaf Schmechel

Managing Partner

Listed

Aroundtown, TLG to form one of Europe's three biggest property firms, with €25bn AUM

Two of Europe's largest commercial property groups, Aroundtown and TLG, are to merge into the largest firm of its kind and one of the (...)

Retail

Cresco Capital's STATION-Berlin buy takes AUM to €1.3bn

Private property investment manager Cresco Capital has acquired the event location STATION-Berlin and its operator, taking its assets under management to €1.3bn. No specific financial (...)

Logistics

Patrizia buys €59m German cross-dock facilities from Cromwell

German listed manager Patrizia has added a portfolio of six domestic logistics assets from Cromwell Property Group for €59m for its Logistik-Invest Europa II (...)

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 (...)

Office

Allianz RE in €190m forward buy of Munich Atlas office renovation

Allianz Real Estate, a unit of the giant Munich insurer, has made a €190m forward purchase of the 26,000 sqm Atlas office building renovation (...)