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Spain’s Santander to sell 36k resi portfolio to Cerberus for €1.5bn

Spain's Banco Santander has reached agreement to sell US-based opportunity fund Cerberus a portfolio of 35,700 residential properties for over €1.54bn, representing 55% of (...)

Founders take more equity as Paris REIT Inea reorganises ownership

Paris-based REIT Foncière Inea, managing €530m AUM, has reorganised its equity, buying back holdings from a family office in a move in which both founders, Philippe (...)

Bucharest's Globalworth confirms net surge, eyes London's main market

After robust expansion in the last 12 months, Bucharest-based Globalworth, listed on AIM, confirmed interim results showing first half net surged to €56.4m, and said (...)

After delays, Portugal cites January 2019 as start date for REITs

After several delays, Portugal is planning to introduce REIT legislation in January for all real estate asset classes and will finalise details before year end, says (...)

CRE investment surges in NL, Poland, Ireland, Portugal - Savills

First half real estate investment in Europe fell 5%yy to €97bn overall, says global adviser Savills. But incoming volumes surged in The Netherlands, Poland, (...)

European 1H CRE investment up 2% to €115bn - BNPP RE

Commercial real estate investment in Europe rose 2%yy in first half to reach €115.4bn but incoming foreign capital slipped 5% and the mix of (...)

French Cegereal adds Paris office for €218m, plans €80m cap raise

French REIT/SIIC Cegereal, controlled by US firm Northwood Investors, has paid €218m to buy Passy Kennedy, a 23,615 sqm office in the 16th quarter of (...)

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News and analysis for investors on major European markets

By Allan SAUNDERSON
Editor-in-Chief Business Immo Europe