The real estate and investment firm Becken has acquired the remaining 10.1 percent stake in INDUSTRIA, the specialist in residential real estate investments in Germany, thereby becoming the sole shareholder. Dieter Becken, managing partner of Becken Holding GmbH, commented: “The full acquisition of INDUSTRIA completes our company’s growth trajectory and was the next logical step following the acquisition of a majority stake in …

Rising interest rates, a sharp decline in investor interest, and ongoing uncertainty surrounding the trend toward remote work are leading to fewer office buildings being constructed in the future and placing the real estate development industry as a whole in a difficult economic situation. This was confirmed by Reinhold Knodel, CEO of Pandion AG; Roland Köppe, authorized signatory and Head of Acquisitions & Project Development Berlin at Becken Development GmbH; and Fabio Carrozza, Managing Director …

The prolonged real estate boom of the past twelve years is over—in Hamburg as well as throughout Germany. Rising interest rates, high inflation, disrupted supply chains, and increasing sustainability requirements are posing enormous challenges for the real estate industry. Many market participants are unsettled, investor risk aversion is growing, and lenders are acting more cautiously. Nevertheless, the Hamburg office market remains in robust shape. Stable prime rents, a high …

Becken, a specialist in the development, construction, and long-term asset and investment management of commercial and residential real estate, has acquired a nine-story office building in Munich at Nymphenburger Straße 112. The closing took place in November 2022. The economic transfer of rights and obligations occurred at the end of 2022. The property, with approximately 11,600 square meters of leasable space, features two underground and seven …

Becken, a specialist in the development, construction, and long-term asset and investment management of commercial and residential real estate, acquired a mixed-use residential and commercial building from abrdn Investments Deutschland AG on November 30. The property was part of “WertFonds S,” an open-ended special AIF managed by ACTEUM Investment GmbH. The property, located at Friedrichstraße 19, 25980 Westerland/Sylt, is situated in a central …