Business Immo, the real estate website

Gerald Klinck

Listed 20/09/2019

Recent M&A activity seen unlikely to signal a wave of take-private deals

Despite European listed real estate trading predominantly at discounts to NAV, recent renewed M&A activity is unlikely to signal a wave of take-private deals, (...)

Listed 18/09/2019

Berlin's TLG raises €1bn financing at 1.875% to cover 10% Aroundtown stake

Berlin's TLG Immobilien has raised €1bn financing at 1.875% to cover a 9.99% stake in peer Aroundtown as the two move toward a merger (...)

Listed 02/09/2019

Germany's TLG pays €1bn for 10% stake in Aroundtown as the two eye merger

Listed German property firm TLG Immobilien has taken a €1bn, near-10% stake in peer Aroundtown and said the two companies will begin talks aimed (...)

Listed 09/07/2019

TLG reports AUM valuation uplift of €400m, mostly attributable to Berlin

Berlin's listed TLG Immobilien has reported a preliminary rise of about €400m in its valuation to end-June, more than 90% of which attributable to (...)

Listed 27/06/2019

Germany's TLG places 8.5m new shares, generates fresh capital of €222m

Berlin-based TLG Immobilien has raised €222m in a cash capital increase in the form of a private accelerated book-building process placing 8.5m new shares (...)

Listed 29/05/2019

Berlin's TLG appoints former Elad executive Barak Bar-Hen as CEO

Berlin publicly quoted TLG Immobilien has appointed Barak Bar-Hen as new CEO, the former European head of the New York-based Elad Group.  "With Mr. Bar-Hen we strengthen the Board of (...)

Listed 21/05/2019

Germany's TLG, amid portfolio rejig, raises €600m in bond paying 1.50%

TLG, the German listed property owner in the midst of a substantial portfolio rejig, has raised €600m via a seven-year bond paying 1.50% p.a., (...)

Listed 22/03/2019

New TLG to focus on office, rejig retail to boost shareholder value - CFO

New management at Berlin's listed TLG will concentrate on office assets and cut or redevelop retail to get more shareholder value from its €4.1bn (...)

Listed 21/03/2019

German TLG, under new mgt, boosts FFO 31% to €134m, proposes €0.91 div

Berlin TLG, under new management, reported that 2018 FFO rose 31% to €133.99m, and it anticipates €140m-€143m for this year. It is proposing a (...)

Listed 20/03/2019

Berlin's TLG sells €118m retail, adds €81m office in first optimisation

In the first moves by new management to optimise the portfolio, Berlin-based TLG has sold 29 retail properties for €118m and added an office asset in (...)

Listed 22/01/2019

Ouram requests TLG extraordinary meeting to change supervisory board

Ouram Holding, the senior minority shareholder in Berlin’s listed real estate firm TLG, has requested an extraordinary shareholder meeting to make major changes to (...)

Listed 14/12/2018

Berlin's TLG in €400m asset revaluation after Ouram stake rise

Just over a week after the Ouram group boosted its stake in German listed TLG Immobilien to over 28%, the latter has announced a portfolio revaluation (...)

Listed 09/11/2018

German TLG, under new mgt, raises 9mth FFO 43%, sees €133m for year

German listed firm TLG, in its first data release since replacing top management, reported first nine month FFO up by 43%yy and by 3.2% (...)

Listed 28/08/2018

Berlin's TLG raises 1H FFO 45% on WCM buy, sees further acquisitions

Berlin's TLG Immobilien, which in July said its two CEOs are to step down, reported a 45%yy rise in 1H FFO to €67.6m after (...)

Listed 30/07/2018

Frankfurt's DIC boosts 1H net 20% to €20m, AUM beats €5bn for first time

Frankfurt listed office group DIC Asset grew first half consolidated net income 20%yy to €20m. Stable operating revenues and a rise in dividend income (...)

Listed 18/07/2018

Germany's listed TLG replaces co-CEO duo with Overath, Klinck

Listed Berlin commercial real estate group TLG has suddenly dismissed its two chief executives Peter Finkbeiner and Niclas Karoff, and will replace them with (...)