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The Moses Mendelssohn Foundation has sold its majority stake in GBI Holding. The new majority shareholder is the British fund manager Henderson Park, which has realized several major transactions on the German market in the last three years and is now celebrating a successful start on the residential market with the GBI entry...
Union Investment is expanding its partnership with Staycity. The Irish aparthotel operator is set to create long-stay residential units in the YVIE mixed-use project currently under construction by Union Investment in the fast-growing district of Overhoeks, North Amsterdam. From May 2024, Staycity will operate 120 rooms acros...
Limehome, the leading technology-based provider and operator of fully digitised design serviced apartments in Europe, has closed a funding round of €45 million in new growth capital. AW Rostamani Group and Capital Four are investing in the Munich-based start-up for the first time. Current investors HV Capital, Picus Capital a...
Developer Benchmark Real Estate has sold the Moxy Hotel and the Residence Inn by Marriott in Hamburg Altona. The new hotel building, which opened in 2021, is operated by the Odyssey Hotel Group.
Daiwa House Modular Europe and Capital Bay Group are expanding their strategic partnership, launched last year , and signed a joint venture toward this end on October 5th. The purpose of the joint activities is to set up capacities for marketing, and manufacturing prefabricated building modules.
Fast-expanding aparthotel operator Staycity Group has opened its seventh property in Dublin, giving it nearly 1,200 apartments in its home city. At the same time the company has announced a five-year £30m loan facility from OakNorth Bank, the UK bank powered by OakNorth, and further facilities if required.
Habyt is opening the doors of a newly built 3,310 sqm co-living building with 108 units in Frankfurt-Ostend. The company operates the entire building, providing a 360-degree service to its residents.
The Leyendecker Group, based in the Main metropolis, is expanding its own portfolio and acquiring a Stayery property with 139 serviced flats (3,600 m²) from the Schütt Group as part of a share deal that opened in March.
Catella Wohnen Europa (CWE), the German public open-ended real estate fund, has acquired 342 affordable apartments extending over 16,400 sqm in four energy-efficient buildings in Berlin-Pankow from a Hamburg-based family office.
777 Capital Partners AG is taking over the asset management of a modern serviced apartment property in Rosenheimer Strasse and has once again brought the Numa Group on board as a partner. The internationally active group will operate the property in the future.
Union Investment has acquired the Kontorhaus am Wall property in Bremen’s historic old town. The project was recently completed and comprises 86 serviced apartments. These furnished apartments have cooking facilities for self-catering and are designed for longer stays of up to six months. The acquisition is being made on beha...
Dublin-based aparthotel operator Staycity Group is poised to open its sixth aparthotel property in France, in the Parisian business area of La Défense.
KanAm Grund Group's development activities continue to make progress with the leasing of the project in Gutleutstrasse in Frankfurt am Main to Maseven Management GmbH. This is the second large-scale letting within a few months, following the successful letting of the entire Levelingstrasse project in Munich to Orbis Apartment...
CBRE Investment Management, on behalf of a separate account mandate, has acquired a 6,214 sqm serviced apartment building in Antwerp, from Silex Group.
According to Savills, based on what is under construction and with final planning, the supply of serviced apartment stock across Europe is set to accelerate, with supply forecast to expand by 21.2% over the next three years.