Editor-in-Chief Business Immo Europe

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  • Editor-in-Chief Business Immo Europe chez BUSINESS IMMO
  • + 49 641 209 16304
  • + 49 172 672 3938
  • 1972 : BA (Hons.) Russian Studies - The University of Manchester
Parcours professionnel
  • 11/2017 - ... : BUSINESS IMMO - Editor-in-Chief Business Immo Europe
  • 09/2015 - 09/2016 : PROPERTY INVESTOR EUROPE - PAGEANT MEDIA LTD - Editor Emeritus
  • 03/2005 - 08/2015 : PROPERTY INVESTOR EUROPE - Founder, Managing Editor
  • 01/1993 - 08/2002 : EUROZONE ADVISORS - Founder, Chairman
  • 01/1990 - 06/1992 : BANK JULIUS BAER (DEUTSCHLAND) AG - Head of European Research
  • 07/1988 - 12/1989 : REUTERS NEWS AGENCY - Chief Financial Correspondent, France
  • 09/1982 - 07/1988 : REUTERS NEWS AGENCY - Financial Correspondent

Dernière mise à jour le 5 décembre 2017 | Signaler une erreur



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Ses articles (92)

Logistique 12/12/2017

China's CIC seeks investors for Logicor, including seller Blackstone - FT

China's sovereign fund CIC is seeking investors to take stakes alongside it in Logicor, the European warehouse firm it acquired from US manager Blackstone for €12.25bn earlier this year, (...)

Hôtels/Loisirs 12/12/2017

French Batipart's €70m new Spanish hotel buy is part of 3-tier strategy - Ruggieri

Just over a month after floating a hotel REIT/SOCIMI on the Spanish stock market, Batipart, the French Ruggieri family's holding firm, has paid €70m to add its (...)

Commerce 12/12/2017

Unibail-Rodamco in agreed €13.28bn takeover of Australia's Westfield

Europe's largest REIT and its biggest manager of retail space, the Franco-Dutch Unibail-Rodamco, has agreed to buy Australian counterpart Westfield for €13.28bn, adding London and US markets (...)

Commerce 08/12/2017

Foncière des Regions signs €290m of non-strategic French retail disposals

France's third largest REIT/SIIC by assets, Foncière des Régions, has signed agreements to sell of nearly €290m of non-core properties, French retail, aiming to strengthen its strategic (...)

Hôtels/Loisirs 06/12/2017

Barcelo's Spanish hotel merger bid for NH synches with Chinese HNA troubles

The sharp rise in tourism to Spain that has brought at least two REITs and numerous funds surging into its hotel sector has sparked a merger (...)

Bourse / Finance 05/12/2017

Post-IPO, Singapore's Cromwell European REIT eyes Italy, eschews Poland

With the Australian Cromwell Property Group as its 35.8% sponsor, Cromwell European REIT raised €866m in a second try at a Singapore float last week as (...)

Commerce 04/12/2017

Poland's Griffin signs €1bn of 28 retail assets, earmarking 12 for Echo Polska

Poland's Griffin Real Estate, controlled by US funds Oaktree, PIMCO and South Africa's Redefine, has signed a deal reported earlier to acquire 28 domestic retail properties (...)

Carrières 01/12/2017

CA Immobilien CEO Nickel to leave, replaced by Andreas Quint

Austria's CA Immobilien has announced that CEO Frank Nickel is leaving and will be replaced by Andreas Quint, head of corporate finance at BNP Paribas Real (...)

Bureau 01/12/2017

US Principal Financial takes control of London's Internos Global Investors

US based investment management giant Principal Financial Group is to take over London-based Internos Global Investors in an agreed cooperation, the two firms have announced. No (...)

Logement 01/12/2017

French SNCF railways to spin off €1bn in housing, unions say

French state railways group SNCF is preparing to spin off €1bn of real estate by creating a separate firm and attracting private capital, according to union representatives. This (...)

Bourse / Finance 01/12/2017

Electoral law, GDP growth, supply shortage seen compressing Italian office yields

Helped by a new electoral law, GDP growth momentum and a supply shortage, Italian office sector dynamism is picking up and should produce rental increases and (...)

Bourse / Finance 30/11/2017

Inclusion of real estate in Italian individual savings should benefit REITs - Coima

The Italian 2018 budget's inclusion of real estate in PIR individual saving plans should bring more private capital into the sector and ultimately benefit the REIT/SIIQ (...)

Bureau 30/11/2017

Frankfurt's Tower 185 sold to Deka for €775m, almost €300m over 2011 cost

Austrian listed CA Immo said it has sold its largest single investment asset, Tower 185 in Frankfurt, to the Deka savings bank group for a total (...)

Bourse / Finance 30/11/2017

Spain's Colonial raises another €416m for Axiare bid in accelerated rights issue

Hard on the heels of an €800m bond issuance to help finance its €1.46bn bid for peer Axiare, Spanish REIT/SOCIMI Colonial has added another €416m to its cash (...)

Bourse / Finance 29/11/2017

Austrian S Immo posts 18% rise in 9mth FFO1, NAV up to €16.06 shr

Austrian listed S Immo reported a rise of nearly 18% in FFO1 to €36.8m for the first nine 2017 months plus a sturdy rise in NAV (...)

Bourse / Finance 29/11/2017

Austria's Immofinanz, after signing Moscow mall sale, doubles 9mth FFO1

Austrian listed Immofinanz, having finally signed to sell a troubled Moscow mall portfolio, said it more than doubled nine months' FFO1 to €48.6m, turning round net, excluding (...)

Logement 28/11/2017

German house prices slow slightly to 6%yy rise in October - Europace EPX

German house prices were rising at a median 6.17%yy in October, slightly slower than in September, according to the EPX index of Europace, a unit of the (...)

Bourse / Finance 28/11/2017

Portuguese housing REITs could be profitable new investment asset - French IEIF

Portugal's coming introduction of residential-focused REIT legislation, announced in autumn, could provide a profitable new asset for investment managers, particularly French, says a new report by (...)

Logement 23/11/2017

No bubble yet in German housing, senior economists agree

German house prices, despite steep price rises over recent years, have not yet entered a risky bubble, even if this may come in the future, leading (...)

Bourse / Finance 23/11/2017

Distressed sellers now replaced by distressed buyers, ZIA conference hears

Upward pressure on real estate prices caused by protracted low interest rates means that one or two distressed buyers often appear in a sales process bidding (...)

Bourse / Finance 23/11/2017

German listed property AUM passes €100bn, nears largest UK sector – ZIA/Barkow

German listed real estate passed €100bn in gross value of managed assets for the first time this year, rising 26%yy to €114bn, only €12bn short of (...)

Bourse / Finance 22/11/2017

Spanish Colonial’s bid for Axiare thrown into confusion as BoA, funds raise stakes

Spanish REIT Colonial’s takeover bid for peer Axiare has taken a confusing turn after Bank of America declared a 6.7% stake in the target, Boston fund (...)

Bureau 22/11/2017

C&W study of office rents near Paris RER stations points to Grand Paris opportunities

A study of rental values in office buildings close to stations on Paris’s RER light rail sytem shows opportunities for investors and users, plus those that (...)

Bureau 19/11/2017

Vienna’s Millennium Tower said acquired above 3.7% by Cologne’s Art-Invest

Cologne-based Art-Invest Real Estate said it will seek more assets in Austria after its first purchase there of Vienna’s Millennium Tower on the banks of the (...)

Logement 19/11/2017

German resi permits fall 7% to 257,000 but 600,000 said waiting to be used

German residential building permits fell by 7.0%yy over the first nine months of 2017 to 256,800, though apartments bucked the trend, according to Federal Statistical Office (...)

Bourse / Finance 17/11/2017

Alternative investments offer yield pickups, growing demand, INREV conference hears

Steady price rises across standard real estate types and yield pickups are prompting more investors to examine alternatives, the INREV Autumn Conference heard. Bus depots, industrial cleaning locations, (...)

Commerce 17/11/2017

LBBW, pbb, ING provide 57% senior financing for Berlin Sony Center’s new buyers

There never was any doubt that Berlin Sony Center’s new buyers, Canada’s Oxford Properties and New York’s Madison, would find senior financing – and now Germany’s pbb and LBBW, (...)

Logement 16/11/2017

Population ageing means lower RE returns, falling house prices – INREV conf

The fast rise of the elderly as a component of developed world populations implies a low-return world and real estate returns at 5-6% over the long (...)

Bourse / Finance 16/11/2017

Party still ahead for western economies; RE price rises should continue – INREV conf

Western economies are in good shape, and caution since the global financial crisis should give way to normalisation and a top-of-cycle ‘party’ soon, Berenberg Bank Chief (...)

Logement 15/11/2017

Swedish house price slide raises concerns bubble may be bursting

Swedish house prices fell in October for the second month, down 3.0%mm after -1.5% in September and the fastest since the financial crisis, a new report (...)

Logement 15/11/2017

Swedish house price slide raises concerns bubble may be bursting

Swedish house prices fell in October for the second month, down 3.0%mm after -1.5% in September and the fastest since the financial crisis, a new report (...)

Bourse / Finance 14/11/2017

Spanish REIT Colonial in €1.2bn takeover bid for Madrid peer Axiare

Spanish REIT Colonial has boosted its stake in peer Axiare to 29% and is launching a full bid at €18.50 per share, pricing it at €1.2bn. (...)

Bourse / Finance 13/11/2017

Germany’s Patrizia takes AUM over €30bn with purchase of Triuva fund manager

German listed Patrizia has acquired investment manager Triuva, the former real estate institutional fund arm of IVG, boosting total managed assets by some €9bn to over €30bn. Reporting (...)

Commerce 13/11/2017

Austria’s Immofinanz sells Moscow malls ready for CA merger, writes down €169m

Austrian listed Immofinanz said it has sold all five Moscow malls for €901m to the Petersburg-based Fort Group, taking a €169m writedown. The long-awaited sale clears the way (...)

Logement 09/11/2017

Benefits argue for creation of large listed housing firms in France – IEIF

The benefits of listed housing firms demonstrated in Germany, Sweden and the US argue in favour of the emergence of a parallel sector in France, says (...)

Commerce 09/11/2017

European real estate investor demand seen stronger in 2018 but caution on UK

Despite strong price rises in European commercial real estate this year, investor demand is expected to be still stronger in 2018, according to a survey by (...)

Bourse / Finance 06/11/2017

European public real estate outperforms, with 8% ytd in October

Global listed real estate returned 1% during October, lower than industrial equities at 2.7% but beating the world’s bond market performance of just 0.3%, according to EPRA. (...)

Logement 06/11/2017

German coalition to keep rental cap but release housing land, boost tax incentives

German government coalition talks between Chancellor Angela Merkel’s Union parties, the liberal FDP and the Greens have agreed to keep the residential rental cap but, to (...)

Commerce 03/11/2017

Kaufhof/Karstadt would be major test of Signa’s entrepreneurial ability

Austria’s private Signa group is well on its way to wiping out memories of the past troubles of its youthful founder René Benko. If it now (...)

Bourse / Finance 03/11/2017

Ruggieris’ Spanish tourism REIT Elaia listed with €119m market cap

Elaia, the Spanish REIT/SOCIMI launched by the France-based Ruggieri family to target the Spanish resort sector, listed Thursday on Elaia Investment Spain (MAB) with a market (...)

Bureau 02/11/2017

Spain’s Hispania postpones €500m office disposal to Swiss Life

Spanish REIT/SOCIMI Hispania has postponed the disposal of its remaining office assets to the first quarter 2018 due to uncertainty over Catalonia. Reports suggest Swiss Life (...)

Commerce 02/11/2017

Austrian Signa confirms bid for Germany’s Kaufhof from Canadian Hudson’s Bay

The private Vienna-based Signa group confirmed it has submitted a bid to Canadian retailer Hudson’s Bay Co. to acquire German department store chain Karstadt. Reports say (...)

Bourse / Finance 02/11/2017

Italy’s Risanamento, Australia’s Lendlease sign €1.2bn accord on Milan Sta. Giulia

After over a year of negotiations, the Italian group Risanamento and Australia’s Lendlease have signed an agreement to re-start development of the massive Santa Giulia quarter in Milan, (...)

Bourse / Finance 01/11/2017

Eurozone economic, real estate optimism tempered by asset availability – ULI/PwC

An improving Eurozone macroeconomic outlook and real estate’s continued attractiveness are bolstering industry optimism, says the ULI/PwC Emerging Trends 2018 report. But investors are concerned about asset (...)

Bureau 01/11/2017

Data availability, shift toward real estate as a service seen upcoming trends

The growing availability of data on all aspects of real estate, combined with the tech-enabled shift toward viewing it as a service rather than an asset (...)

Bureau 01/11/2017

Berlin, Frankfurt, Copenhagen, Munich, Madrid top city list in ULI/PwC report

For the fourth year in a row Berlin has taken the top spot in the city rankings of the annual Emerging Trends report produced by ULI and PwC. (...)

Commerce 30/10/2017

Toronto’s Slate adds 47 German retail sites, taking assets near 120

New acquisitions by the Frankfurt-based unit of Toronto’s Slate group means it is on track to execute on its European business plan, now with nearly 120 (...)

Carrières 26/10/2017

Cegereal CEO Tréguier exits after differences on strategy with board

The controlling shareholders in French REIT/SIIC Cegereal have terminated the contract of long-time CEO Raphael Tréguier, effective immediately, due to differences on strategy, the company said, confirming wire service (...)

Bourse / Finance 25/10/2017

Eighteen IPOs in European public RE in first 9mths raise €4.3bn

Eighteen IPOs took place in the European public real estate markets in the first nine months of 2017, raising €4.3bn, according to EPRA. Those planned for late (...)

Logement 25/10/2017

Companies need to adapt as Europe enters new property cycle

Europe is entering a new property cycle after two decades of rises interrupted by the GFC, and client demands are shifting, says Paris-based consultancy ViewS+S. Institutions are (...)

Logistique 24/10/2017

European logistics dots that lead to China, Jack Ma mean yields are headed lower

It doesn’t take much to join the dots in logistics real estate. When Alibaba founder Jack Ma sees it as crucial to globalisation and aims for (...)

Logement 24/10/2017

German house prices accelerate again in September – Europace

Prices for existing one- and two-family homes and apartments in Germany accelerated in September, taking the aggregate increase up to 6.24%yy from 5.69% in August, according (...)

Hôtels/Loisirs 23/10/2017

French FdR simplifies hotels, housing stakes prior to repositioning

French REIT/SIIC Foncière des Régions, which in recent years has branched out far beyond its initial office focus, is simplifying its structure, buying out partners in its (...)

Bourse / Finance 23/10/2017

Icade, SNI privatisations possible amid shake-up at French CDC

Changes in French state finance arm CDC, starting with the reported selection of its new head, are likely to shake up long-established economic structures just as President Emmanuel (...)

Logement 23/10/2017

Dutch residential prices 7%yy higher in September

Dutch house prices for existing stock rose by 7.3%yy in September, slightly slower than in the summer months, according to official data. Total sales in the (...)

Bureau 22/10/2017

Patrizia eyes more acquisitions, settles Union Investment payout dispute

German listed investment manager Patrizia is planning further acquisitions and has around €700m in liquidity for this, CFO Karim Bohn said in a interview. It has also settled (...)

Bourse / Finance 20/10/2017

France passes first new element of housing strategy into law

The French National Assembly on Thursday passed into law the first new element of its national housing strategy, extending a reduced 19% tax rate to businesses that transfer (...)

Bourse / Finance 20/10/2017

Gold in Spanish resort hotels (2): Blackstone, Ruggieri move in

In the rush to tap into the booming Spanish tourism hotel business, US wealth manager Blackstone and France’s Ruggieri family are hot on the heels of (...)

Hôtels/Loisirs 20/10/2017

Gold in Spanish resort hotels (1): First mover Hispania tracked by Blackstone, Ruggieri

Gold has been discovered in Spanish resort hotels and REIT/SOCIMI Hispania is the first in the ‘rush’. But other fast movers are close behind. They include (...)

Bourse / Finance 20/10/2017

Sweden’s Catella assembles grocery retail group, places shares eyeing listing

Swedish real estate and finance group Catella has formed a company to invest in 72 grocery properties in the south of the country, placing equity with (...)

Logement 19/10/2017

Eastern German housing markets on course for further growth

Eastern German urban housing markets are on course for further growth in both rents and purchase prices as populations expand while vacancy rates fall, says a (...)

Bureau 19/10/2017

Warsaw’s Griffin Premium RE eyes Polish office expansion after Globalworth entry

Warsaw-listed Griffin Premium RE is turning itself into a pure Polish office play ready to become a REIT if and when the law allows. US private (...)

Commerce 18/10/2017

Material news from the European listed universe: Unibail, Hypoport, Colonial

Ahead of third quarter results, which will be upon us starting this week, here are some selected actions and calls that are material to the share (...)

Commerce 18/10/2017

Berlin’s Sony Center: N. American weight of capital outweighs even Korean

If anyone still doubts if European commercial property yields will fall further it’s certainly not Oxford Properties and New York-based Madison who last month signed to pay €1.1bn for Berlin’s (...)

Logement 18/10/2017

Vonovia looks beyond Germany for housing, signs agreement with French SNI

Germany’s largest listed housing group Vonovia has made the decision in principle to seek residential assets outside Germany, and signed an agreement Wednesday with the French SNI Group to start (...)

Commerce 17/10/2017

Echo Polska said on track to boost mall AUM with giant €621m buy

Warsaw’s Echo Polska Properties has reportedly made good on the intentions explained by CEO Hadley Dean to BIE recently – agreeing to pay €621m for a (...)

Bureau 17/10/2017

"I’m surprised how active it is this late in the cycle but there is a comfort around where yields are"

Business Immo Europe : What is your feeling for the mood this year ? Damian Harrington : I think the mood is good this year. I (...)

Logement 17/10/2017

German resi stocks still offer value; price, rental cycle to go further

Investment bank HSBC remains optimistic about German residential real estate, saying in a study of the sector Monday that the end of the price and rental (...)

Logement 16/10/2017

No wide-scale house price inflation in EU but Nordics most at risk

Depite house price rises across western Europe in the past few years there has been no wide-scale house price inflation during the recovery from GFC, says (...)

Bureau 14/10/2017

The reason why office space demand in Poland, CEE will remain strong for a while yet

New Eurostat figures show that one working hour in Poland last year cost €8.60, around one-third of the EU average of €25.40. Surrounding countries such as (...)

Logement 14/10/2017

Asian institutions active in European housing for first time – Catella

Asian institutional investors were active in continental European residential property for the first time last year, while 40% of buyers in Berlin housing were French, Scandinavian (...)

Logement 13/10/2017

German resi prices ending 7yr uptrend but holding steady

German residential prices are coming to the end of a seven-year uptrend and will stagnate at a high level in the medium term, according to a (...)

Bourse / Finance 12/10/2017

Dear Japanese investors: If you don’t come to Europe now, forget it until the next cycle

They’ve been setting up, restructuring, researching and laying plans for years, but Japanese investors are not yet in European mainland real estate. Why? My advice: If (...)

Logement 11/10/2017

Grab for assets 2: Large funds in frenetic search for Spanish residential land

The largest Spanish property developers, many of them controlled by foreign investment funds, are competing at an almost frenetic pace to acquire zoned residential building land, (...)

Logement 11/10/2017

Spanish home sales up 16%yy in August, most active in Valencia, islands

Spanish residential sales rose 16%yy in August to reach 41,282 units, the fourth consecutive month of increase, according to Spain’s National Institute of Statistics. The highest, (...)

Bureau 09/10/2017

Intense grab for assets as Expo Real attendance smashes record

The mood at Expo Real was extremely intense this year. New companies and alliances are forming. Big Deals are happening in a grab for assets. 41,500 people attended, (...)

Bureau 05/10/2017

Election of Macron brings foreign investors back to Paris – Expo panel

Expo Real 4 Oct. 2017 – The election of President Emmanuel Macron is ushering in a sea change in foreign perceptions of France, and external investment is returning to (...)

Bureau 04/10/2017

Globalworth buys US Oaktree control stake in Poland’s Griffin Premium

Less than a year after South Africa’s largest REIT Growthpoint took a stake in Romania-focused, AIM-listed Globalworth, the latter has already started expansion, buying control of (...)

Logement 03/10/2017

Despite Spanish vote violence, Barcelona, Madrid resi prices in pull of Airbnb

The home price rises in the two main Spanish cities far outpace even the strong recovery elsewhere in the nation. The Tinsa agency reports that national (...)

Bureau 02/10/2017

Growthpoint joins other S.Africans in CEE, eyes expansion

Growthpoint, the largest primary listed REIT in South Africa, has its eye on other eastern Europe markets after taking a stake in Romania’s Globalworth, says Managing (...)

Bourse / Finance 01/10/2017

ETF universe to shift as FTSE Russell creates property class

Index provider FTSE Russell is to follow S&P and MSCI in giving real estate its own industry classification, moving it out of Financials after it found correlation divergence. (...)

Bureau 01/10/2017

Bringing REITs under AIFMD seen counterproductive for Portugal

Bringing REITs under the European Union’s AIFMD directive would be counterproductive in Portugal, which has announced their introduction, says a senior executive of Spain’s largest REIT/SOCIMI. David (...)

Logement 01/10/2017

German house prices up nearly 6% in Aug but slowing – Europace

German house prices in August were roughly stable from July but still showed a little-changed overall 5.7%yy increase, according to the Europace EPX index developed by (...)

Bourse / Finance 01/10/2017

The CEE opportunity seems clear. So why are west Europeans so cagey?

When you look at the bid/offer spread logic of the South Africans entering eastern Europe, laid out so clearly by the Growthpoint MD on our site, (...)

Logement 01/10/2017

Spanish home sales up 15% to near record in 2Q17 – Ministry

Purchases of houses in Spain approached a record volume in second quarter, reaching 141,582 units, an increase of 14.7% over 2Q16, according to Ministry of Development (...)

Bourse / Finance 01/10/2017

Portugal to lead Poland, Sweden into Euro REITs club?

It looks as if Portugal will become the next member of the European REITs club as political confusion reigns in Poland, and Sweden shows little enthusiasm (...)

Bourse / Finance 01/10/2017

FTSE re-designation culminates long Warsaw SE path out of Communist HQ

I know you won’t believe I’m old enough, but indeed I visited the Warsaw Stock Exchange at its very beginnings post-Communism, in January 1990, housed, as (...)

Bourse / Finance 01/10/2017

European public real estate in good shape, led by German resi, French/Spanish office

European public real estate markets are in good shape as our website goes live. German housing stocks are near highs, as are most of the main (...)

Logement 01/10/2017

Senior citizens most active in Spanish housing deals

The broker Century 21 reports that three out of every four homes in Spain are being sold by senior citizens over 60 years old. Most are (...)

Logement 01/10/2017

French home price rises slow in 3Q17 but Paris still up 5.1%

Price rises in existing homes in France slowed in third quarter, with the trend most pronounced in the provinces while Paris stayed strong, two agencies reported. (...)

Logement 01/10/2017

Brussels monthly net rent reaches €710 in 2016

The average monthly net rent for housing and apartments in the Belgian capital Brussels climbed only gradually in recent years to reach €710 in 2016, says (...)

Logement 01/10/2017

Portugal to introduce REITs to attract capital into housing

Portugal intends to introduce legislation establishing REITs next year, aiming in particular to attract private capital into housing. Foreign investors will also be welcomed. Antonio Mendonca Mendez, (...)

Articles liés à cette personne (1)

Bourse / Finance 27/11/2017

Business Immo launches English service, appoints Allan Saunderson Chief Editor

Saunderson Real Estate Europe is pleased to announce its integration with France's premier real estate information and database portal Business Immo to form the basis of a new (...)