Puma Brandenburg Share Discussion Threads

[woracle] 20/12/2006 00:30

Interesting article about berlin property.



Mind you, Shore capital is a probably a better bet than PUMA itself if the assets rise as we hope...

[shawzie] 07/12/2006 11:40

Still on target for interim results published before Christmas'06.

[wonder boy] 17/11/2006 16:29

Generally speaking it's 25%. Erodes to nothing if you hold for ten years.

I have quite a few flats in the same development. I'm selling 2-4 to raise a deposit (you usually require 20%) for my next purchase.

[dogon] 17/11/2006 14:58

WB why are you selling? What is the tax regime for capital gains purposes?

[wonder boy] 17/11/2006 14:51

ydderF, where do you suggest?

[ydderf] 17/11/2006 14:29

avoid Berlin....plenty of better places - you must get out there and see for yourself!

[wonder boy] 17/11/2006 14:04

Dogon,

What do you want to know? If you fancy one or more buy to lets in Berlin then I'm selling a few of mine.

WB.

[dogon] 17/11/2006 12:54

Do any of you know about directly investing in German property? Do you have info on mortgagaes, lagal regime, tax etc?

[shawzie] 26/9/2006 19:15

Around 55% of funds now invested.
Half-year results to be announced at end of 2006 should be interesting

[shawzie] 30/8/2006 19:41

International Property Alerts

30 August 2006

Dear

I see from the Sunday Business Post that the nationals have picked up on Germany as a hot property investment. The newspaper reports that private equity funds have now invested over 15 billion euros in the property market. In Berlin, prices are already on the move by some
7.8 per cent on this time last year. There is a clear divide between East and West though with property in the East still lagging behind and price rises still some way over the horizon. The German economy is on the up, growing by 0.9 per cent in the second quarter of this year when compared to the first quarter of this year. This is the fastest growth seen for five years and has some upside still.
Construction, a good indicator of the strength in the property market, has been a key player in this and I am waiting for the stats on this specific sector. I have long been saying that Germany will be
the big hotspot over the next five years.

We are about to recommend some developments in Germany. I limited pre-registrations to 100, which is probably higher than I should have done, and email details will go out to these 100 members in the next few days. Depending on what the response is to that, we may go to an ad at the weekend.

The Indian retail property market is booming, and is certainly one to watch in terms of share, fund and, thanks to the inevitable ripple effect, residential property investment. The trigger was at the start of this year when the government allowed 100 per cent foreign direct investment (FDI) to generate investment into the infrastructure. We have seen lots of activity since with Emmar Properties and MGF Developments leading the way. Other names that seem to cross my desk regularly in the form of tips, press releases and what have you include American International Group Inc, Kikken Sekkel and Cesma International. Knight Frank ranks India fifth in its list of 30 emerging retail markets with the number of malls in Mumbai, Bangalore, New Delhi, Hyderabad and Pune growing from about 40 to 250 by 2010.

HIFX, the currency specialists, have this afternoon released their fifth Global Property Hot Spots report based on the trends for Brits buying property abroad. The headlines will focus on Cape Verde and Portugal over the next few days. Enquiries from Brits buying in these places has more than doubled between March and July. However, the top five positions, in terms of the percentage of enquiries, are, in first place, France at 30 per cent followed by Spain on 23 per cent, Cape Verde on 13 per cent, Bulgaria on 9 per cent and Portugal on 6 per cent. As always, France and Spain top the charts. By the by, those of you who have 'bought' the Emerging Europe report from me will be pleased to know that I am writing this up next week and will
be including Cape Verde and indeed India in that!

Warm Wishes

Iain

Iain Maitland
Editor, IPA

[atkijo] 23/8/2006 20:04

Thanks shawzie. Imagine it will stay pretty quiet until Nov/Dec time then, so back to sleep with this one... Their prospectus says that they intend to pay a dividend, will be interseting to see what level that actually comes in at (asssuming no disasters and that they do announce a didvidend with the first set of results).

[shawzie] 21/8/2006 16:25

Atkijo
According to SHORE,interim results to September 30,2006 will be published by end of 2006 and year-end results will probably be March 31, 2007 published around mid 2007

[atkijo] 16/8/2006 12:40

Guess I might be talking to myself here, but does anyone know when the first set of results are due from PUMA? As they listed in March am assuming that they will be sometime in Sept. Have checked the Puma Brandenburg website but at present it is 'under construction'.

Thanks in advance for any info.

[shawzie] 17/7/2006 10:25

now growing at a good pace. if sustained I assume that future cash needs will first be met by debt rather than share issues.

[pepi moon] 23/4/2006 12:29

New airport to be built in Berlin named...
Berlin Brandenburg airport....

[pepi moon] 21/4/2006 12:09

added from link above.....

Top Story

German Public-Housing Corporations: Foreign Investors Move in

Distressed sellers may drive hard bargains, but they're eager to strike a deal. Looking particularly eager at the moment are Germany's public housing corporations. Within the last few months they've unloaded billions of euros worth of commercial and residential property, mainly to US investors. And there's more to come.

The sellers, who include state and federal institutions, are badly in need of liquidity and debt relief. At the same time, however, they are obliged to act in the interests of those who have been living and working in the buildings to be sold. The public-housing corporations have therefore been seeking investors who can offer not only cash but also a commitment to deal sensitively with the needs of the properties' tenants.

The New York-based Fortress Investment Group put the requisite cash and commitment on the table to acquire Germany's fourth largest residential housing company GAGFAH from the federal government's social security and pension agency BfA. The transaction, completed in September, was valued at 3.5 billion euros. That figure includes the assumption of 1.4 billion euros in existing financing, a 1.4 billion euro acquisition loan and 700 million euros of private equity capital. The deal gives Fortress 82,000 residential units in Germany, mainly in urban areas such as Berlin, Hamburg and Cologne.

Another recent acquisition involved Berlin's state-controlled housing corporation GSW. It sold its portfolio of 65,700 apartments to a consortium led by US-based Cerberus and Goldman Sachs's Whitehall Fund for two billion euros. The consortium now controls four percent of the housing market in Germany's capital.

Jochen Winter, who advised GSW on the sale, told The Wall Street Journal he expects to see "12 to 18 housing portfolios on the market in the next few months". Germany's public-housing corporations are putting out the welcome mat for foreign investors.

[nockybalboa] 08/4/2006 12:42

looks like the blokes over at www.fairshare.biz got it right again as usual, how do they do it

[lbo] 17/3/2006 10:19

Shore Capital


While the country whips itself into the requisite frenzy of optimism over the likely success of Beckham et al this summer, there's a little corner of London's West End betting on Germany.

Not on its football team of course, (that could be construed as a touch unpatriotic), but on its property market. On Berlin real estate, to be precise.

Shore Capital, the boutique investment bank, has raised £185m to buy homes in the German capital. Add borrowings from elsewhere and Puma Brandenburg - the investment fund, whose shares can themselves be traded on the Alternative Investment Market as of this morning - commands buying

A rental culture and plentiful government-built housing has left apartments there costing about one-tenth of the price of London per square foot, and cheaper than in Budapest, Prague or Warsaw. But cheap mortgages and an influx of Germans into their capital over the past decade make the property market ripe for a boom.

While Shore is betting on price rises, management fees alone from a fully invested fund are slated to bring in about £3m a year. Should Berlin property prices double over the next five years, ShoreCap pockets something like £70m. For a firm this size, that's no small beer.

The remainder of the group - about 60 per cent of turnover - is dominated by traditional stockbroking activities. News yesterday that pre-tax profits almost doubled last year to £12.5m spurred the shares 0.25p to a record 62p, valuing the company at £166m.

That means they are trading somewhere about 18 times expected earnings, compared with about 20 times for rival stockbrokers. With London's smaller companies' market booming and ShoreCap's unique business mix, the shares are a buy.