Real Estate & Property Investment News in Germany from Propertyshowrooms.com

International Renewable Energy Body Launches in Germany

Mon, 26 Jan 2009 00:00:00 GMT

As the recent gas crisis between Ukraine and Russia has shown, the world needs to reduce its dependency on fossil fuels. A new eco-energy agency has been created in Germany to help nations do just that...

Lufthansa Technik in Saudi support deal

Thu, 22 Jan 2009 00:00:00 GMT

Lufthansa Technik, a part of Germany's Lufthansa airline group, has signed a seven-year agreement with Saudi Arabia's low-fare Sama Airlines to provide material and engineering services...

Conservatives Win Hesse State Elections, Ending Stalemate

Mon, 19 Jan 2009 00:00:00 GMT

German Chancellor Angela Merkel's Christian Democrats seem set to stay in control in the central state of Hesse after a 12-month political stalemate. Social Democrats suffered dramatic losses...

Germany's Obamania Soon to Face Reality Test

Mon, 19 Jan 2009 00:00:00 GMT

As the world awaits the inauguration of the next US president, expectations are running high in Germany as well. But issues like Afghanistan, the environment and the auto industry are likely to cause friction soon...

Finance Minister Steinbrueck Rules out "Bad Bank" for Germany

Mon, 19 Jan 2009 00:00:00 GMT

German Finance Minister Peer Steinbrueck has ruled out the creation of a "bad bank" to take toxic assets from the nation's major financial institutions...

German Ruling Coalition Agrees on Stimulus Package

Tue, 13 Jan 2009 00:00:00 GMT

The three parties supporting German Chancellor Angela Merkel agreed at talks late Monday in Berlin on a fresh round of stimulus for the weakening German economy, caucus leaders at the meeting said...

Germany agrees 50bn euro stimulus

Tue, 13 Jan 2009 00:00:00 GMT

Germany has agreed a stimulus package worth about 50bn euros including infrastructure investment, senior ministers say...

Experts: German Stimulus Package Will Breach EU Deficit Rules

Mon, 12 Jan 2009 00:00:00 GMT

A supplementary budget by the German government to stimulate the economy is expected to breach a cap on public spending imposed by the European Union, some officials in Berlin said Sunday...

German Economics Minister Favours Tax Reductions

Mon, 22 Dec 2008 00:00:00 GMT

Designed to achieve a unified economic and political response to the prevailing global economic crisis, a national summit meeting, held between the German government, business leaders and trade union representatives, merely served to highlight the increasing rift emerging within the coalition itself, as Economics Minister Michael Glos relentlessly called for urgent tax cuts...

Top Banker Foresees Major German Recession

Fri, 5 Dec 2008 00:00:00 GMT

Germany's economy could shrink much more in 2009 than previously expected, a top Deutsche Bank economist predicted...

Prince's Claim on Nazi-Seized Property Is Denied

Fri, 5 Dec 2008 00:00:00 GMT

A German court has rejected a compensation claim for thousands of acres of family land by the grandson of a German aristocrat who took part in a 1944 plot to kill Adolf Hitler...

Treveria terminates Dawnay Day link and shakes up strategy

Wed, 3 Dec 2008 00:00:00 GMT

German property investment company Treveria has terminated it's management agreement with the collapsed Dawnay Day Group and changed its operating strategy...

Trump faces Deutsche suit over Chicago tower

Tue, 2 Dec 2008 00:00:00 GMT

The gaming industry slump and real estate slowdown is threatening to hit Donald Trump in the wallet as he faces a lawsuit from Deutsche Bank over a 92-storey Chicago tower development...

Amid Squabbling, Berlin to Reveal Imperial Palace Design

Thu, 27 Nov 2008 00:00:00 GMT

A 15-member jury is scheduled to announce the winning design for the reconstruction of Berlin's former imperial palace on Friday. As with all steps in this project, that decision is sure to attract controversy...

Climate Protection Good for the Economy, Say Researchers

Tue, 25 Nov 2008 00:00:00 GMT

A sustainable energy supply can be achieved, even under conditions of world-wide economic downturn and without lights going out -- this is the outcome of a recent global energy report...

Germany to Increase Borrowing as Economic Forecast Darkens

Fri, 21 Nov 2008 00:00:00 GMT

Germany's Grand Coalition is set to substantially increase its net borrowing in 2009 -- the first time since coming to office. The news comes as an industry poll predicts job losses of 215,000 in Germany next year...

Experts Wary of Money Problems for Renewable Energy Market

Fri, 21 Nov 2008 00:00:00 GMT

The current financial crisis has some German experts worried about a cut in renewable energy funds. But industry professionals say that no matter which way the wind turns, the turbine blades will keep churning...

Deutsche Bank cuts to hit New York and London

Thu, 20 Nov 2008 00:00:00 GMT

Deutsche Bank is to shed 900 jobs as it responds to the financial crisis by reshaping its investment banking operations...

Heavy losses at Hypo Real Estate

Wed, 12 Nov 2008 00:00:00 GMT

Troubled German lender Hypo Real Estate announces heavy losses of 3.1bn euros for the third quarter...

Commerzbank to Tap Germany's Massive State Aid Package

Mon, 3 Nov 2008 00:00:00 GMT

Germany's second-biggest bank Commerzbank, which posted third quarter losses, says it will accept a capital injection of more than 8 billion euros from the government rescue fund in a bid to "stabilize its capital base."...

Germany's Upper and Lower Houses Approve Rescue Package

Fri, 17 Oct 2008 00:00:00 GMT

Germany's upper and lower houses of parliament approved the country's 500-billion-euro ($675-billion) bailout package Friday, Oct. 17. The plan is expected to be ratified and in motion in time for Monday trading...

German parliament backs bail-out

Fri, 17 Oct 2008 00:00:00 GMT

Germany's parliament approves what is billed as the country's largest financial rescue package since World War II...

German Bundestag Approves Financial Rescue Package

Fri, 17 Oct 2008 00:00:00 GMT

Germany's lower house of parliament approved the country's 500-billion-euro ($675-billion) financial bailout package. The upper house, the Bundesrat, is expected to follow suit later in the day...

Germany Says it Sees No Need for Own US-style Bailout

Mon, 22 Sep 2008 00:00:00 GMT

Germany said on Monday it sees no need to create a US-style financial sector bailout of its own even as the European Commission welcomed the US financial rescue package...

Passengers Force German Airline to Switch Jets

Mon, 15 Sep 2008 00:00:00 GMT

Passengers worried by two failed attempts at take-off drafted a petition and forced Germany's second-biggest airline to use a different jet for their flight, Air Berlin confirmed Monday...

Berlin Tourism Passes its Peak

Thu, 11 Sep 2008 00:00:00 GMT

Recent years saw Berlin emerge as the third most-visited tourist destination in the EU after London and Paris. But its new-found popularity is still far from guaranteed, with visitor numbers starting to flag...

airBaltic to launch direct flights from Riga to Hannover

Thu, 11 Sep 2008 00:00:00 GMT

Latvian airline airBaltic will launch direct flights from Riga to Hannover, Germany on December 15, the company announced...

East Berlin Building Project Sparks Protest, Praise

Wed, 10 Sep 2008 00:00:00 GMT

A controversial development project designed to reshape the River Spree bank in east Berlin opens Wednesday amid weeks of fierce protest...

Drive-in apartments on sale in Berlin

Fri, 22 Aug 2008 00:00:00 GMT

Car fanatics can now buy drive-in apartments in Berlin, offering a unique property investment opportunity. A team of architects has designed a building where a heavy duty lift brings your car directly up to the loft-style apartment.

The Berlin drive-in apartment has been designed to make the car a feature of the interior decoration, reports The Times. "Cars have become design statements, an expression of your lifestyle. So why not integrate them properly into your life," Johannes Kauka of Topos, the company behind the apartment block, told the paper.

A stylish but heavy-duty lift hoists the car directly up to the apartment. It is then parked in a kind of conservatory, which is separated from the living space by just a glass wall.

Six of the eleven drive-in loft apartments have been sold so far and the smallest - 224 square metres - costs €468,000 (£373,000). The sixth floor penthouse costs €1.6m. Each apartment has a garden with an optional putting green. It takes just two minutes from approaching the building to enter the apartment and park the car.

The Berlin model is likely to be exported to other cities - St Petersburg and Cape Town have already expressed an interest. If it proves successful it could also be taken to Brussels, Mexico City and Abu Dhabi.

"The customers all have a special relationship to cars," said Kauka. "They have petrol in their veins."

This story was brought to you by holidaylettings.co.uk, the UK's No.1 holiday home website.

Schroders to tempt German investors with ‘spezialfond’

Fri, 22 Aug 2008 00:00:00 GMT

Open-ended fund will target investors looking to capitalise on UK’s falling property prices...

Tycoon wants to build 200 vacation homes in Berlin

Fri, 22 Aug 2008 00:00:00 GMT

A Danish investor is behind a project worth in excess of a billion Danish Kroner to build 200 vacation homes at Europe’s largest amusement park in Berlin...

Lone Star Funds to take over IKB

Thu, 21 Aug 2008 00:00:00 GMT

US private equity firm Lone Star is to buy German lender IKB Deutsche Industriebank, according to IKB's biggest shareholder...

Cap & Reg’s exchanges contracts for German JV with Apollo

Wed, 20 Aug 2008 00:00:00 GMT

Capital & Regional has exchanged contracts with US Fund Apollo Real Estate Advisors to set up a joint venture for its German retail assets...

German economy contracts by 0.5%

Thu, 14 Aug 2008 00:00:00 GMT

Europe's largest economy, Germany, contracted for the first time in almost four years in the second quarter of the year...

Migrant influx 'an opportunity in Germany'

Tue, 12 Aug 2008 00:00:00 GMT

Germanys new laws on migrant workers that make it easier for people to enter the country from new European Union members and get a work permit could offer big opportunities for overseas property investors, it has been stated...

Booking Bets on Hotel Luxury

Wed, 6 Aug 2008 00:00:00 GMT

Defying skeptics who warned that the market already was oversupplied, Horst Schulze recently opened an ultraluxury hotel in Düsseldorf, Germany. Confident that the global boom in luxury hotels will continue, he plans to open seven more Capella-brand hotels around the world in the next 10 months...

German real estate fund bought Magnum logistics centre

Thu, 31 Jul 2008 00:00:00 GMT

German real estate fund Focus Nordic Cities, which is managed by Catella Real Estate AG, bought the logistics centre Magnum Logistics, situated at Laagri, today...

Berlin luxury property market booming

Wed, 30 Jul 2008 00:00:00 GMT

The Berlin property market remains healthy despite the global credit crunch. Luxury property developments are being constructed in some parts of Berlin, and demand is strong.

A new property trend is emerging in Berlin, according to Property Wire. Once known for its Soviet-style concrete buildings, East Berlin is now home to an increasing number of luxury lofts with swimming pools, spas and concierge services.

Roman Heidrich, from Jones Lang LaSalle, said: "The whole concept is new for Berlin. All of a sudden we are seeing a large number of high-end projects being built or in the pipeline." The firm opened a Berlin office earlier this year in response to changes in the property market. Luxury developments such as 'Felini' and 'Oxford have asking prices of more than double the cost of similar property in Berlin just two years ago.

According to property developer Maik Uwe Hinkel, Berlin is now very much in demand: "We have Spanish, Italian, Polish and French buyers."

There are approximately 30 new developments in the Mitte area (between the German foreign ministry and the picturesque Gendarmenmarkt square) and more are in the pipe-line. Construction is due to start on a large residential and commercial complex next year, inspired by the iconic Dakota building in New York.

This story was brought to you by holidaylettings.co.uk, the UK's No.1 holiday home website.

Consortium completes €4.65bn German retail deal

Tue, 29 Jul 2008 00:00:00 GMT

A consortium including Deutsch Bank’s property arm RREEF has completed the purchase of a 49% stake in a department store portfolio sold by German retail and leisure company Arcandor...

Hypo provides €138m refinancing package in Germany

Wed, 16 Jul 2008 00:00:00 GMT

Hypo Real Estate has provided €138m (£109m) of financing to GREP, an investment vehicle advised by Geneva-based investor Even Capital to refinance a large German property portfolio...

W. P. Carey Closes $58M in German Acquisitions

Tue, 15 Jul 2008 00:00:00 GMT

W. P. Carey & Co. has acquired a pair of German properties in Soest and Bad Wünnenberg from Arques Industries for approximately $58 million...

Citigroup disposes of German bank

Fri, 11 Jul 2008 00:00:00 GMT

Citigroup sells its German consumer banking business for five billion euros as part of its efforts to return the business to profit...

Lone Star is loan star with €700m debt deal

Fri, 11 Jul 2008 00:00:00 GMT

Investor beats crunch to raise debt for Deutsche Post portfolio buy...

Thomas Cook cancels airline deal

Fri, 11 Jul 2008 00:00:00 GMT

Thomas Cook cancels plans to merge its German airline Condor with Air Berlin after regulatory concerns...

Lone Star raises €700m from banking club

Tue, 8 Jul 2008 00:00:00 GMT

Lone Star has raised more than €700m (£556m) of bank finance for its €1bn (£795m) purchase of a Deutsche Post property portfolio in Germany...

Price conscious property investors can find bargains at German auctions

Tue, 8 Jul 2008 00:00:00 GMT

German auctions are proving a popular source of bargain properties with detached houses, barns, mills and guesthouses selling for incredibly low prices...

Euro-dollar rate is stable in thin trading

Sat, 5 Jul 2008 00:00:00 GMT

The dollar was stable against the euro here Friday, with the single currency hurt by a weak reading on German industrial orders...