To prevent the loss of practical judgement in investment management, the experience of senior experts must be passed on to the next generation in a targeted manner, says Dr Georg Allendorf FRICS – expadBridge Advisors GmbH.
Brandenburg.Legal warns against unrealistic expectations regarding the conversion of offices into housing: only around 30 per cent of vacant offices are technically and in terms of planning law suitable for such conversion, and only a fraction of these can be converted economically. In Munich, Colliers forecasts 1,200 flats in the short term rather than 10,000; calls are being made for faster planning procedures.
On 21 May 2026, the Federal Court of Justice ruled that property managers may not charge landlords a commission when letting their own properties. Prof. Martin Häublein criticises this as wrong and warns of a wave of claims for reimbursement. He believes it is now up to the legislature to act.
Colombia sought to channel pension funds into the country by decree, but withdrew the measure due to the risks involved. With its Savings and Investments Union, the EU is focusing on market integration rather than top-down control. Crucially, mobilising capital generates investment through viable projects.
The Lower Saxony Fiscal Court ruled that carried interest is not subject to VAT in the specific case, as it is a participation in the company's success and not a consideration for a service. Due to fundamental importance, the appeal was allowed.
A market commentary by Wüest Partner: The cabinet decision of 12 August 2026 leaves the national CO₂ price 2027 at 55–65 €/t. From 2028, ETS 2 will take effect with market-based, potentially higher prices – particularly risky for inefficient buildings. Investors should plan for higher scenarios.
Aengevelt evaluates initial experiences with the "construction turbo", which has been in force since 30.10.2025: Many municipalities are hesitant due to complexity, legal risks, tight deadlines and a lack of capacity. Progress: Paderborn approved for the first time; Frankfurt used instruments in 40% of 22 projects (approx. 900 units).
On 17.12.2025 (5 K 2500/22), the Tax Court of Baden-Württemberg denies that the change of the management company of a Luxembourg FCP triggers a transfer of shares pursuant to section 1 (3) no. 4 GrEStG. Legal positions are decisive, not functions. The implications extend beyond Luxembourg.
The Investitionsabzugsbetrag (§7g EStG) is a German tax incentive for small businesses and investors. It allows up to 50% of planned investment costs to be deducted up to three years in advance, improving liquidity, plus accelerated depreciation of up to 20% over five years.
An alliance of municipal companies, utilities and an umbrella association under the initiative of the LBD consulting company warns of the consequences of the Building Modernization Act (GMG) in its currently planned design.
Since the beginning of April, the Fund Risk Limitation Act has been taking effect. Together with the StoFöG, which was already passed at the beginning of the year, it makes the German fund location competitive. This pays off especially for private market funds, explains Robert Guzialowski from HANSAINVEST.
The renovation rate for residential buildings is falling steadily, which jeopardizes the climate goals of the federal government. Aengevelt proposes a 'renovation light' to increase the renovation dynamics in the building sector.
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