BEN WILMOT - THE AUSTRALIAN - 23 July 2015
GPT Group is edging closer to finally exiting its disastrous foray into global property as the company it spun off in the depths of the global financial crisis, German apartment owner BGP, has entered exclusive talks to sell its €1.1 billion ($1.62bn) portfolio to Austrian property company Conwert Immobilien Invest.read more
22 July 2015
Conwert Immobilien Invest SE announced in an ad-hoc disclosure that it is currently in exclusive negotiations with BGP Holdings Europe S.à.r.l. regarding a potential contract for the acquisition of the German residential properties of BGP Investment S.à.r.l., which are currently managed by BGP Asset Management.read more
We would like to make the following statement on this matter:
As explained on multiple occasions BGP is examining a dual track-exit. This entails the possibility of a global sale of the German residential real estate portfolio including the operational management company, as well as the option of going public. BGP is currently in exclusive negotiations with Conwert Immobilien Invest SE, but at this point no agreement has been reached on a possible acquisition. BGP will continue to consider an initial public offering.
Please note that we cannot comment further on ongoing negotiations.
27 March 2015
Concarus Real Estate Invest, a company in the May & Porth group, has acquired a shopping centre in Kelheim near Regensburg, Lower Bavaria. Luxembourg‐based BGP Investment, advised by Internos Global Investors, was the seller. The retail park on Schäfflerstrasse has a rental area of 19,000 sqm plus 600 parking spaces. The largest tenants are Edeka, Hagebaumarkt, C&A, Norma, and Deichmann. Concarus said it would continue the current revitalization of the centre. BGP is currently selling its Germany retail portfolio in order to focus on its core business of residential real estate.
26 January 2015
ADLER Real Estate AG, Frankfurt am Main, Ger-many has successfully completed the acquisition of a portfolio located in Lower Saxony comprising c. 6,750 residential units in Wilhelmshaven, a transaction that was notarised in Q4 2014.read more
23 December 2014
BGP Investment has completed a €160 million refinancing of its Bundaberg German Residential portfolio with Berlin Hyp. The 7 year loan completes the overall refinancing of BGP's Resi assets which commenced in 2013 with the launch of the Monnet Finance CMBS issue.read more
Mark Dunstan, CEO of BGP Investment, commented: «The timing of the new loan has allowed BGP to lock in historically low rates and to significantly push out its debt maturity profile while maintaining conservative gearing levels.»
The Bundaberg portfolio consists of just over 4,000 units largely in the Berlin, Schleswig Holstein and North Rhine-Westphalia regions of Germany.
6 October 2014
INTERNOS Global Investors Limited ('INTERNOS'), the €4 billion owner-managed real estate fund management firm, has sold MKV, a mixed-use retail/logistics asset in inner Munich, Germany, to MCAP Global Finance, Ltd., a wholly owned subsidiary of New York based investment adviser Marathon Asset Management. The disposal was completed on behalf of BGP Investment, the former joint venture between Australian companies Babcock & Brown and the GPT Group.read more
The Australian - September 2014
The investment vehicle that GPT Group spun off in the depths of the global financial crisis to hold its stake in a series of European assets has appointed investment bank Lazard to advise on exit strategies that could see its €1 billion-plus German residential portfolio floated in Europe or sold off privately next year.read more