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Vonovia

Finance 04/07/2018

Nordic 1H property transactions near €21bn, driven by residential - Pangea

Property transactions in the Nordic countries in the first half neared €21bn, the second highest ever, driven by large international investments in the residential (...)

Finance 27/06/2018

Berlin's CapitalBAY aims to add €1bn AUM this year to reach €3.5bn

Privately-held Berlin property investment manager CapitalBAY aims to increase assets by over €1bn this year to reach €3.5bn, says CEO George Salden who now owns a majority in (...)

Housing 22/06/2018

Housing: A third pillar is possible - residential property companies

As the first reading of the ELAN housing bill comes to an end in the French National Assembly, it is clear that France needs a (...)

Finance 19/06/2018

German Vonovia's bid for Swedish Victoria Park succeeds at 58% acceptances

Germany's giant listed housing firm Vonovia has declared its €898m cash offer for Sweden's Victoria Park successful, accepted by 58% of shareholders, and says it will extend the (...)

Housing 15/06/2018

French CDC Habitat takes stake in 63,000-unit northern social housing firm

CDC Habitat, the housing manager of French state financing institution CDC and partner of Germany's giant Vonovia group, is to take a 34% stake in Maisons (...)

Listed 07/06/2018

US Starwood wins few takers for Austrian CA Immo, Immofinanz offers

US private equity firm Starwood Capital, which Wednesday announced 24.4% acceptances in a Swedish housing group bid, has by contrast won only a fraction of (...)

Listed 06/06/2018

US Starwood wins 24% acceptances in bid for Swedish Victoria Park

US private equity firm Starwood Capital has announced acceptances of 24.4% in its takeover bid for Swedish listed housing firm Victoria Park, and will go ahead and (...)

Housing 04/06/2018

German Union/ZBI resi fund increases to €781m AUM, eyes €1bn soon

The German residential investment fund managed jointly by cooperative banking manager Union Investment Real Estate and ZBI has boosted assets by €260m to €781m, and the (...)

Housing 28/05/2018

Spain’s Testa finalises €207m Caixa resi buy with €92m borrowing

Spanish housing firm Testa Residencial, currently being prepared by its owners for an IPO, has signed a €92m credit financing for the €207m acquisition of (...)

Housing 04/05/2018

Vonovia in €1bn equity raise to fund Swedish bid, increases 2018 guidance

German listed housing group Vonovia has raised nearly €1bn in an accelerated private placement to help finance its near-€900m takeover offer for Sweden's Victoria Park. It (...)

Housing 03/05/2018

Sweden, Netherlands, France, Spain in frame outside Germany - Vonovia CFO

German housing giant Vonovia is looking in detail at four countries outside Germany to grow its residential portfolio: Sweden, The Netherlands, France and Spain, CFO Stefan Kirsten told (...)

Housing 03/05/2018

German Vonovia offers €898m for Sweden's Victoria Park, topping Starwood

Europe's largest listed housing company, Germany's Vonovia, is making its first foray outside the German-speaking world, bidding €898m, SEK38 per share, for Sweden's Victoria Park in a (...)

Housing 20/04/2018

Is Germany's Vonovia bidding for French SNCF's 4,000-unit resi portfolio?

In a deal being watched at home and abroad, French railway SNCF is selling a portfolio of 4,000 homes in a rare public sector sale that (...)

Office 04/04/2018

JLL widens into listed RE capital advisory, also stressing S.African needs

Global property advisor JLL is extending its corporate finance advisory into the listed sector in Europe, placing some emphasis on advising South African firms interested in (...)

Housing 03/04/2018

Spain's Testa housing group in €89m pre-IPO capital raise to cut Merlin Property ties

Spanish housing group Testa, being prepared for an IPO in the next few months, is to make a capital increase of €89m for subscription by (...)

Housing 23/03/2018

Spain's Testa, with 11,000 resi units, to IPO before summer - Merlin's Clemente

Spanish REIT/SOCIMI Merlin Properties intends to float housing affiliate Testa Residencial on the stock market before summer to become the nation's first listed residential investor, CEO Ismael Clemente says. Its (...)

Listed 06/03/2018

German housing giant Vonovia boosts 2017 FFO by 21% to €921m

Vonovia, Germany's largest housing company, boosted FFO1 by 21% to €920.8m in 2017 due to organic, internal growth but also the integration of Vienna-based (...)

Finance 28/02/2018

Norway's Pension Fund ends 2017 with 3.4% of €881bn AUM property exposure

Norway's Government Pension Fund Global held 2.6% of its €881bn assets in unlisted real estate at end-2017 which produced a return of 7.5% - (...)

Housing 16/02/2018

Finnish housing firm Kojamo confirms evaluation of stock market listing

The chief executive of Finnish rental housing firm Kojamo, which owns over 34,000 residential units worth €4.7bn and is currently controlled by domestic institutions, confirmed (...)

Finance 07/02/2018

Germany's Corestate appoints Bütter as new CEO to succeed Wilhelm

Listed German real estate investor and manager Corestate Capital has appointed a new chief executive to succeed Sascha Wilhelm. He is Michael Bütter, a (...)