Hints and tips:
Related Special Reports
...The firm has done a number of deals since its founding shareholders were hit by sanctions, including an $11.2bn agreement in December for it and BASF to sell the non-Russian assets of German oil and gas...
...The previous global head of M&A, Drew Goldman, left the bank in October 2022 to join the Abu Dhabi Investment Authority as the sovereign wealth fund’s global head of real estate....
...Meanwhile, Germany’s real estate market faces a reckoning of its own....
...The German Real Estate index, which tracks property sales across the country, found the price of single-family homes fell 11.3 per cent in the fourth quarter from a year ago, while the price of apartments...
...Europe 600 dropped 0.3 per cent — pulled lower by rate-sensitive real estate groups....
...Credit agencies recently downgraded the German lenders Deutsche Pfandbriefbank and Aareal Bank. US exposure accounts for about 15 per cent of their real estate lending books....
...Private equity-owned German real estate lender Aareal Bank warned there was “more to come” after one in four of its US office loans went into default last year....
...Shares dropped 8.6 per cent after the German lender warned that it would book a provision of up to €1.3bn for a long-running lawsuit over its acquisition of domestic rival Postbank....
...German property is in a pickle....
...Vonovia: Shares in the German real estate company dipped 6.4 per cent as the group posted a net loss of more than €6bn, after writedowns on the values of its properties....
...Aroundtown, which invests in German offices, has an LTV close to 60 per cent....
...Germany is PBB’s biggest market with 44 per cent of its commercial real estate loans, many to office owners. German office vacancies are around 5 per cent. But the signs of stress are there....
...Rules on access to the non-public areas of the Bundestag’s parliamentary estate are notably loose compared with those in the institutions of other major democratic powers....
...Yields on rate-sensitive two-year German bonds rose 0.03 percentage points to 2.91 per cent....
...Jessica Reyes, head of the asset management policy division at the Autorité des Marchés Financiers, added that securities regulators generally are “not comfortable” with Ucits funds gaining crypto exposure...
...But a third straight month of consumer inflation in April suggested some stabilisation of domestic demand despite a years long crisis in the important real estate market....
...The other — an umami-rich concoction of beef and German beer — is The Klopp....
...“Raped” is a scene of cruelty as Goya might have reported it: a semi-clothed woman’s body abandoned by the resident landowner in the backwoods of his estate....
...Yields on benchmark 10-year German Bunds climbed 0.07 percentage points to 2.42 per cent....
...The UK Treasury will publish its monthly data recording official holdings of international reserves....
...Shearing the play of its period trappings, his new version wraps the audience into a staging, led by the superb German actress Nina Hoss, that seems to unfold as unpredictably as life....
...Yields on benchmark 10-year German Bunds, which move inversely to prices, rose 0.08 percentage points to 2.45 per cent....
...Many of the bigger companies going bust last year were fashion retailers, transport providers, real estate companies and auto suppliers....
...Two-year German Bund yields gained 0.05 percentage points to 2.75 per cent....
...The billionaire behind Inditex buys real estate dip Spanish fashion giant Inditex paid a dividend of €1.20 per share last year, not even enough to buy a pair of kids’ socks from its flagship Zara brand....
International Edition