Immobilien

The 36-story Silberturm, once the headquarters of Dresdner Bank that now will be occupied by Deutsche Bahn AG, and the adjacent building that once houses offices of the bank's executive board have been bought by a group of investors led by IVG Immobilien.

German Property Market Stays Hot Anita Likus 2011

IVG Immobilien AG's €400 million $551.1 million purchase of the Silberturm office tower and an adjacent building in Frankfurt's banking district last week is the latest in a wave of high-profile real-estate deals in Germany's biggest cities.

German Property Market Stays Hot Anita Likus 2011

In Berlin, for example, the city backed out of negotiations to sell city-owned property-fund manager Berlin Immobilien Holding to Altyon Partners, a British private-equity investor that was backed by an undisclosed Abu Dhabi sovereign-wealth fund.

Property Battle for Gagfah William Boston 2011

The share price of IVG Immobilien has plunged about 50% since May, on what analysts said were concerns over whether the German real-estate company would be able to refinance €3.3 billion $4.52 billion of debt due by 2014, including a €480 million loan due at the end of this month.

Financing Is Hard to Find in Europe Craig Karmin 2011

The developer, TLG Immobilien, also maintained the original look of the brewery, keeping old, painted signs marking the different buildings.

German Breweries Have a Second Round Laura Stevens 2011

Berlin Immobilien was previously part of the city-owned bank Bankgesellschaft Berlin and consists of about 29 closed-ended property funds that own about 38,000 residential units and 3,000 commercial properties.

Property Battle for Gagfah William Boston 2011

Michael Determann , of Aberdeen Immobilien KAG Germany, part of Aberdeen Asset Management , recently announced the liquidation of Degi International, its German open-ended fund, because of large redemption requests but says Aberdeen is still committed to Germany.

German Property Market Stays Hot Anita Likus 2011

It bought a large office building in London's financial district for about £120 million in December 2008 from German property group IVG Immobilien AG.

U.K. Freezes Gadhafi Assets Alistair MacDonald 2011

Among the larger European sales by an American property investor this year is developer Tishman Speyer Properties 'sale of the 182,000-square-foot Centurium building in London, which it sold to German fund BVK International Immobilien-Spezialfonds for £128 million ($210 million) in an all-cash deal.

U.S. Investors Abandon Europe 2009

French retail property company Klepierre could be in danger of breaching its debt covenants if property values fall a further 10%, while German commercial and residential property company P.trizia Immobilien could also breach if the value of its portfolio drops by 13%, according to J.P. Morgan Chase.

Squeeze Is on European Property Firms 2008