Singapore-listed hotel investment firm First Sponsor late last week announced the acquisition of the Westin Bellevue Hotel in Dresden, Germany for €49.5 million ($55 million), a purchase which adds to the close to €400 million the CDL Group affiliate has… Read More>>
CapitaLand Commercial Trust Lands in Europe with $421M Frankfurt Office Deal
Singapore’s CapitaLand Commercial Trust (CCT) is making its first foray outside of Asia to pick up a 38-storey, grade A commercial tower in Frankfurt, Germany for €356 million ($420.8 million).
CCT, Singapore’s largest commercial REIT by market cap, will take… Read More>>
Frasers Property Acquires German Developer Alpha Industrial for $353M
Frasers Property has purchased a portfolio of 22 industrial properties in Germany and Austria for $353 million, as the developer formerly known as Frasers Centrepoint adds to its European platform.
The Singapore-listed firm announced Monday that it has agreed to… Read More>>
CapitaLand, Lum Chang Pick Up Frankfurt Office Complex for $293M
Singaporean developer CapitaLand has made its first bet on a commercial property in Germany, teaming up with construction firm Lum Chang to buy an office building in Frankfurt for €245 million ($293 million).
The duo is picking up the property… Read More>>
Singapore’s CDL and Friends Acquire Frankfurt Hotel for $100M
With investors from China still hobbled by that country’s restrictions on capital outflows, the mainland slowdown is leaving the stage open for buyers from one of Asia’s smallest nations to land deals in a growing list of locations.
Today, the… Read More>>
Singapore’s CDL Goes Deutsch with $112M Munich Hotel Buy
A trust affiliated with City Developments Limited (CDL), the Singaporean property heavyweight, is taking its first piece of continental Europe’s real estate market by buying the Pullman Hotel Munich for €98.9 million (about $112.3 million), the company announced this week.
Dalian Wanda Denies Interest in €6 Bil German Bank Acquisition
Dalian Wanda Group, the property and entertainment conglomerate run by China’s richest man, Wang Jianlin, today denied reports that it was preparing a bid for Germany’s Postbank.
In a statement on its website, the Chinese firm said, “Media reports that… Read More>>
Fosun Acquires Frankfurt Office Complex in $53.5M JV Deal
Chinese investment conglomerate Fosun has acquired a 34,000 square metre (366,000 square foot) office complex in the German city of Frankfurt for just over Euro 50 million ($53.5 million) from New York’s Fortress Investment Group, according to recent reports in… Read More>>
Ping An and Fosun in Bidding War for $1.6B Berlin Complex
Two of China’s biggest international real estate investors are said to be facing off in a contest to acquire an 18 building commercial strip in downtown Berlin that has been put on the market for 1.5 billion euros ($1.6 billion).
China’s Gingko Tree Ready to Acquire Siemens Offices for $630M
First it was London, and then New York. Now China’s real estate investors have moved on to Munich, as an agency managing the country’s foreign reserves is said to be acquiring an office park in the German city for $630… Read More>>
