Germany Real Estate
Buffett's firm adds German real estate broker to its network
CapitaLand acquires first office building in Germany
Outlet mall in Hanover is scrapped by developer
Cheap credit not fuelling German real estate bubble for now- central banker
German retail giant Kaufland enters Australia, seeking big lots of land and staff
Westphalia Town Center offers an urban style in the Maryland suburbs
BRIEF-Inovalis REIT Announces Accretive Acquisition Of Office Building In Germany
2018-03-08 13:43:34 March 8 (Reuters) - Inovalis Real Estate Investment Trust : * INOVALIS REIT ANNOUNCES THE ACCRETIVE ACQUISITION OF A MODERN OFFICE BUILDING IN GERMANY AND AN ASSET DISPOSITION AT HIGHER THAN NAV AS PART OF ITS CAPITAL RECYCLING INITIATIVE Source text for Eikon: Further company coverage: Our Standards:   Read More ...
Buffett's firm adds German real estate broker to its network
2018-03-05 19:03:06 Omaha-based Berkshire Hathaway is celebrating 50 years of Warren Buffett at the helm with tons of events going on over the weekend. OMAHA, Neb. (AP) — Berkshire Hathaway's real estate brokerage is expanding overseas with an acquisition in Germany. The deal gives Warren Buffett's Berkshire Hathaway conglomerate another operation in Germany and helps raise the Omaha, Nebraska-based company's profile in Europe   Read More ...
International Real Estate: House Hunting in … Germany
2018-01-17 15:38:18 A SIX-BEDROOM HOUSE IN THE COUNTRYSIDE. $1.2 MILLION (980,000 EUROS) This two-story house is on a hillside in the village of Gross Denkte, about 10 miles south of Brunswick, Germany, and about 40 miles southeast of Hanover. The 3,444-square-foot home, which has six bedrooms and four bathrooms, is on about an acre, with broad views of the surrounding woods and fields   Read More ...
CapitaLand acquires first office building in Germany
2017-12-28 04:30:41 SINGAPORE: CapitaLand has acquired its first office building in Germany, marking the expansion of its commercial business beyond Asia, the group announced on Thursday (Dec 28). CapitaLand said in a press release that it purchased the Main Airport Centre (MAC), a freehold multi-tenanted office in Frankfurt, for 245 million euros (S$392 million) through a joint venture. The group holds a 94   Read More ...
Buwog agrees to be taken over by Vonovia in $6.1 billion deal
2017-12-18 12:19:06 Germany's Vonovia has agreed to buy Buwog in a cash deal valuing the Austrian real estate company at 5.2 billion euros ($6.12 billion), the two companies said on Monday. The deal will further grow Vonovia's portfolio of residential properties to almost 400,000 flats from around 350,000 now, cementing its position as Germany's leading property group and adding further properties in Austria   Read More ...
JP Morgan, eyeing Brexit, rents more space in Frankfurt: source
2017-11-24 19:08:42 FRANKFURT (Reuters) - JP Morgan () has become the latest big bank to respond to Britain’s looming exit from the European Union by renting extra office space in the German financial capital Frankfurt to accommodate more staff. A source familiar with the matter said on Friday that the U.S. investment bank had rented enough room in the Taunusturm for 200 staff, while it could fit more into its existing offices in the 40-storey skyscraper   Read More ...
Mobile home park residents to vote on buying their lot
2017-11-14 19:10:13 BERLIN, Vt. (AP) — Residents of one of the largest mobile home parks in Vermont are deciding whether they should buy it and run it themselves. Residents of Weston's Mobile Home Park in Berlin will decide on Nov. 29 whether to approve the purchase of the privately-owned lot into a "resident-owned community." The Times Argus reports officials are hoping to finish the purchase by the end of the year   Read More ...
Outlet mall in Hanover is scrapped by developer
2017-09-30 04:39:53 A long-planned outlet mall along Interstate 95 in Hanover County is not moving forward. The 400,000-square-foot mall was to be located at the northeast corner of Lakeridge Parkway and Lewistown Road, in the Northlake Business Park, off Interstate 95’s exit 89. Proposals to develop an outlet mall in Hanover date back almost a decade. “In my opinion, outlet malls have peaked   Read More ...
Cheap credit not fuelling German real estate bubble for now- central banker
2017-07-08 14:00:19 AIX-EN-PROVENCE, France: Cheap credit is for now not fuelling a destabilizing real-estate bubble in Germany but the central bank is closely watching the market, Bundesbank vice president Claudia Buch said on Saturday. Housing prices in Germany - relatively cheap compared with other European countries in the past - have risen sharply in recent years, prompting the Bundesbank to warn in May about the risk of a dangerous bubble developing   Read More ...
Cheap credit not fuelling German real estate bubble for now- central banker
2017-07-08 13:39:31 AIX-EN-PROVENCE, France Cheap credit is for now not fuelling a destabilizing real-estate bubble in Germany but the central bank is closely watching the market, Bundesbank vice president Claudia Buch said on Saturday. Housing prices in Germany - relatively cheap compared with other European countries in the past - have risen sharply in recent years, prompting the Bundesbank to warn in May about the risk of a dangerous bubble developing   Read More ...
House Hunting in … Frankfurt, Germany
2017-06-28 15:34:57 The owners are art collectors, and the unit has spotlights and other lighting designed to emphasize their collection, Ms. Kurz said. It also has automated shades and a wood-burning fireplace. A parking space in the garage is included. Westend, a prominent residential area with some of the city’s most expensive developments, is so well known in Frankfurt that it is “nearly a brand,” said Olivier Peters, the listing agency’s managing director   Read More ...
German retail giant Kaufland enters Australia, seeking big lots of land and staff
2017-03-10 16:52:38 The battle for Australians' grocery shop is set to intensify, with German grocery giant Kaufland looking for land and staff in Australia. In news likely to send send shivers down the spines of under-pressure local retailers, the superstore chain is looking for big lots of land of up to 20,000 square metres. This is about the same size as the big box stores of the collapsed Woolworths hardware business, Masters, and large enough to house between 200 and 300 car parks   Read More ...
Westphalia Town Center offers an urban style in the Maryland suburbs
2017-02-22 13:22:25 Avoiding the cookie-cutter syndrome in the suburbs can be hard with so many new developments mirroring the same design scheme. But a new community in Upper Marlboro, right off Route 4, gives home buyers urban-style townhouses with exteriors and a walkable neighborhoods that seem to mimic city living. That’s what attracted Charles and Dara Watson to Westphalia Town Center, a 6,000-acre community where residences will blend with retail, restaurants, offices   Read More ...
Centum taps German realtor as head of Two Rivers Mall
2017-01-18 20:05:02 Centum has hired a German realtor to serve as head of the Two Rivers Mall ahead of its opening slated for next month. Ms Agnieszka Mielcarz is the new general manager of Two Rivers Mall, touted as the largest shopping complex in eastern Africa at more than 700,000 square feet. She replaces Gilles Devendeville who served as managing director of Two Rivers Lifestyle Company — the entity owning the complex   Read More ...
Flats more affordable as rents rise slower than salaries
2016-08-15 12:48:52 The last time the IW carried out such a study in 2010, the average German household could afford a 92 square-metre apartment on a quarter of their disposable income. Six years later, that figure has risen to 94 square meters. On the national level, rents have risen on average 10.2 percent since 2010, while after-tax income has risen slightly more, at 11.5 percent. But regional differences are very clear, with   Read More ...
Property firms expect Frankfurt to win big on Brexit
2016-07-11 18:28:08 A majority of 72 percent of respondents believed financial centre Frankfurt, rather than rivals Dublin, Paris, or Amsterdam, would gain the most from Britain leaving the European Union, the study of 555 firms by consultants Ernst & Young (EY) found. The German property market as a whole would get a boost from Brexit, 57 percent of those polled said, with large majorities expecting prices for commercial and residential properties to   Read More ...
Shy tenants take sting out of German rent controls
2016-05-17 18:12:54 The Mietpreisbremse, or rent control law, came into force in Berlin in June 2015 before being rolled out in other major cities later in the year. Under the new rules, landlords can't set the rent for a new tenant more than 10 percent higher than the average for similar flats in the area if they don't renovate an apartment between tenancies. But a study by research institute Regiokontext conducted for   Read More ...
Berlin makes illegal it to list entire apartments on Airbnb
2016-05-03 00:23:37 Berlin is cracking down on short-term rentals in attempt to keep housing rates affordable. As of May 1st, it’s ilegal to list entire apartments on online platforms such as Airbnb, Wimdu and 9 Flats in the German capital, after a two year transition period for the Zweckentfremdungsverbot law ("prohibition of improper use") ended on April 30. Homeowners can still rent out individual rooms on Airbnb and similar websites, but the   Read More ...
Berlin cracks down on Airbnb rentals to cool market
2016-05-01 12:14:38 The German capital fears that the growing trend of people letting out apartments to tourists through sites such as Airbnb, Wimdu and 9Flats is cutting into a limited property supply and driving up rents. From May 1st, the city-state will enact a new law known by the German mouthful of "Zweckentfremdungsverbot", or prohibition of improper use. It is "a necessary and sensible instrument against the housing shortage in Berlin," said   Read More ...
Germany's most expensive luxury flat sold in Berlin
2016-04-13 19:08:46 The priciest flat by space in Germany was not sold to the elites in business-rich Bavaria, nor in the billionaire-dense port city of Hamburg. Berlin, whose unemployment rate stands at twice the national average, holds the title of selling the most expensive apartment on the German market, according to Engel & Völkers real estate agency. That flat was sold recently for a whopping €19,018 per square metre in the central   Read More ...
German IT students play XXL Tetris on university building
2016-03-30 18:23:19 The group at the Christian-Albrechts university in the northern city of Kiel have effectively turned the facade of a university office building into a 1,700-inch flat screen, using it to play historic gaming classics Tetris and Breakout. "To play this game in this format is something really special," said team member Merlin Kötzing. In the course of their "Project Lighthouse" Jonas Lutz (Business IT), Andreas Boysen, Merlin Kötzing and   Read More ...
Tourism Troubles: Berlin Cracks Down on Vacation Rentals
2015-05-16 15:02:24 Last year, Berlin passed a law banning unregistered vacation rentals in the city because of a shortage of residential housing. A sharp increase in tourism and the popularity of renting private apartments is exacerbating a serious problem.   Read More ...