Business Immo, the real estate website

Commerzbank

Listed 25/04/2019

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 (...)

Housing 11/04/2019

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 (...)

Office 08/04/2019

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 (...)

Finance 05/04/2019

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 (...)

Listed 22/02/2019

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 (...)

Finance 21/01/2019

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 (...)

Office 11/01/2019

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 (...)

Office 03/01/2019

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 (...)

Office 19/12/2018

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 (...)

Hospitality 17/12/2018

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 (...)

Retail 12/11/2018

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 (...)

Office 01/10/2018

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 24/09/2018

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 (...)

Office 17/09/2018

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 (...)

Finance 02/08/2018

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 (...)

Listed 30/07/2018

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 (...)

Finance 23/07/2018

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 (...)

Office 17/05/2018

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, (...)

Finance 19/02/2018

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% (...)

Housing 23/11/2017

No bubble yet in German housing, senior economists agree

German house prices, despite steep price rises over recent years, have not yet entered a risky bubble, even if this may come in the (...)