Hints and tips:
...Union Investment, alongside Germany’s second-largest investor Deka, has already said it would not support confidence votes over the performance of the executive board and the supervisory board....
...Michael Muders, a fund manager at Union Investment, said he was “unsure if Deutsche Wohnen’s management is still acting in the interests of shareholders”....
...Lourdes Melgar, a former hydrocarbons under-secretary, said Pemex had not wanted the field when the sector was opened to private investment under Mexico’s 2013 energy reform....
...Energy companies trying to do a deal with Pemex to share one of Mexico’s biggest oil discoveries accuse the state giant of dragging its feet to win control of the project, in a test case for foreign investment...
...Deka Immobilien, the real estate investment arm of Germany’s municipally owned savings banks, outbid a number of international bidders to ink one of continental Europe’s largest real estate deals of the...
...And on Thursday, Tower 185, Frankfurt’s largest office building, was sold to Deka Immobilien for €775m in a “hotly contested” transaction in which the real estate investment arm of Germany’s municipally...
...A company owned by German investment fund Deka has agreed to purchase the Rathbone Square development in Fitzrovia – the future London home of Facebook – for a headline price of £435m, a four per cent discount...
...But Deka, Germany’s fourth-largest asset manager, said it had not stopped its portfolio managers from investing in carmakers....
...As well as customers, both sides are fighting over investments....
...• Anne Kavanagh has joined Patrizia Immobilien as chief investment officer....
...Germany, which is home to Europe’s largest real estate funds, including the €14bn Deka-Immobilien Europa, introduced tighter rules for open-ended property funds in 2013....
...It is not only London buildings that have been affected: in Manchester, a landmark office block at 1 St Peter’s Square was under offer at £175m before the June 23 vote, but subsequently sold to Deka Immobilien...
...The real estate investment trust (Reit) model — in use in North America since the 1960s — is being implemented by a growing number of countries....
...Rolf Buch, the former Bertelsmann executive who has run the German residential property manager since 2013, concedes that private equity firms and landlords have different investment horizons....
...Others include Deutsche Wohnen, TAG Immobilien and regional specialist LEG Immobilien. Their shares are attracting interest....
...(By way of comparison, the UK’s biggest real estate investment trust, commercial landlord Land Securities, is worth £9bn). Other big players include Deutsche Wohnen and TAG Immobilien....
...Last month, it sold the Le Méridien Parkhotel in Frankfurt to German buyer Art Invest Real Estate, having sold the Le Méridien hotel in Munich to Deka Immobilien in March....
...It also reflects the strong profits made by the firm in the years since it lost £1.75bn on its investment in the UK music company....
...Property prices in Berlin have risen 54.5 per cent since 2009 — more than those of any other German city, according to the country’s largest online property agency, Immobilien Scout GmbH....
...Deka Immobilien will announce on Monday that it is paying €43m for the Báltico building, an office block in Lisbon, its first transaction in Portugal since the financial crisis five years ago....
...“The market is highly competitive and we definitely see a lot of interest from international investors at the moment,” says Matthias Danne, head of real estate investor Deka Immobilien....
...Matthias Danne, head of German real estate investor Deka Immobilien, said: “The German market is saturated, yes, but saturated also means stable.”...
...Michael Hasenstab, who oversees $170bn in global fixed income investments for Franklin Templeton, told the Financial Times recently there were “a lot easier and clearer investments out there versus the UK...
...Francisco, which was founded in 1999 and manages $7bn in technology investments, has identified Kewill’s logistics software as a reason for the buyout....
International Edition