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Contributors

Samir Amichi

Senior Managing Director - Head of Real Estate Acquisitions Europe

Lionel Assant

Senior Manager - Global Co-Chief Investment Officer

Caroline Hill

Managing Director - Head of Europe Real Estate ESG

Guillaume Lecois

Managing Director

Samir Amichi

Senior Managing Director - Head of Real Estate Acquisitions Europe

Lionel Assant

Senior Manager - Global Co-Chief Investment Officer

Caroline Hill

Managing Director - Head of Europe Real Estate ESG

Guillaume Lecois

Managing Director

James Seppala

Senior Managing Director - Head of Real Estate Europe

Office

Kering buys Milan's 8 Monte Napoleone for €1.3bn

French luxury group Kering today announced the acquisition, from a subsidiary of Blackstone Property Partners Europe, of the company owning the 8 Monte Napoleone building in (...)

Finance

At Mipim, real estate investors want to believe in a normalisation of the market

After the macroeconomic storm of the last two years, whose thick fog forced property investors to put their allocation decisions on hold, could it (...)

Finance

"At Blackstone, we are not waiting for the ‘all clear’ signal"

Business Immo : The European property markets have been particularly turbulent over the last two years, with galloping inflation, a sharp rise in interest rates (...)

Career

Guillaume Lecois appointed Managing Director at Blackstone

Guillaume Lecois was appointed Managing Director of Blackstone Group International Partners in the UK in January 2024. Based in London, he is notably involved (...)

Finance

"Despite the macroeconomic environment, Blackstone is putting capital to work in Europe"

In the second English instalment of a special BiTV Interview series celebrating issue 200 of Business Immo Global magazine, we welcome James Seppala, Senior Managing (...)

Logistics

Boreal IM and Cadillac Fairview JV makes debut acquisition and opens office in Paris

In its first French acquisition, a joint venture between Boreal IM and Cadillac Fairview has acquired a fully let 17 ha logistics site north (...)

Green

“Blackstone sees an opportunity to invest c. $100bn in climate change solutions projects”

Business Immo: Blackstone is partnering with St. Modwen to develop carbon-negative affordable homes. What is this initiative and what are the objectives? Caroline Hill: St. (...)

Logistics

Blackstone pays €270m for 28 urban logistics assets in France and Germany

Funds managed by global private investment firm Castlelake and its joint venture partner Melcombe, have sold the Proximity Portfolio, a 28-asset prime last mile/urban (...)

Finance

European CRE transactions slide to lowest level in six years in Q2 – RCA

As the Covid-19 pandemic and associated lockdowns took a grip on markets, the volume of European commercial real estate investment transactions plunged to the (...)

Finance

Blackstone raises €9.8bn for sixth European opportunistic real estate fund

Blackstone has made the final close of its sixth European opportunistic real estate fund, Blackstone Real Estate Partners Europe VI (BREP Europe VI), at (...)

Logistics

“Our SIRE joint-venture will have €2bn of total firepower”

Business Immo: How did your partnership come about? Christian Bearman: Arrow Capital Partners is a private investor and operator in real estate which has backing from one (...)

Housing

Blackstone, in selling mode in Spain, puts €200m home loans up for sale

US wealth management giant Blackstone remains in selling mode in Spain, putting up for sale a package of residential mortgage loans worth €200m, part (...)

Logistics

UK's M7 adds five Polish office, light industrial, logistics assets for €66m

London-based M7 Real Estate has paid €66m to add five office, light industrial and logistics assets in Poland on behalf of its M7 Polish (...)

Hospitality

Aroundtown pays €900m for German, Benelux assets said to be Center Parcs

Listed real estate investor Aroundtown is paying €900m for properties in Germany and Benelux said by informed sources to be Center Parcs leisure assets (...)

Housing

Dutch 2019 home sales seen rising 20% to record €10bn

Based on the first five months, Dutch housing sales are likely to rise this year by 20% to a record €10bn, but rising regulation (...)

Housing

€5.7bn takeover of Germany's Scout24 fails to win majority

A joint takeover bid by Blackstone and private equity firm Hellman & Friedman for Germany’s Scout24 group, valuing it at €5.7bn, has failed to (...)

Retail

Spain's El Corte Inglés sets 23 May deadline for offers on €1.5bn disposals

Spain's iconic department store chain El Corte Inglés has set 23 May as the deadline for initial offers on 96 non-strategic properties disposals said to be (...)

Office

UK's Grosvenor re-enters Spain office with €80m buy in Madrid

London-based private manager Grosvenor has re-entered Spain's office market after 13 years, reportedly paying €80m for a Madrid asset from US giant Blackstone. Local media (...)

Finance

Berlin 1Q19 investment doubles to €2.5bn, equals five other cities combined

Three major investment deals helped more than double Berlin first quarter commercial property investment to over €2.5bn, as much as five other major German (...)

Listed

Finland's biggest RE investor Kojamo grows FFO 8% to €116m after IPO

Listed housing group Kojamo is now Finland's biggest property investor. The firm, which floated in an IPO last summer, boosted FFO 8% to €116.4m in 2018, (...)

Finance

JLL advises on €337m Blackstone bond finance for Värde hotel package

JLL has advised on one of the largest bond financings by an alternative real estate debt provider in Italy, a €337m financing by Blackstone (...)

Housing

Blackstone said investing €134m in Danish residential

US investment giant Blackstone has paid €134m for a residential package comprising 424 housing units in Frederiksberg, a western suburb of Danish capital Copenhagen. Blackstone made (...)

Office

UK's Reuben Brothers said leading bids for Spanish Santander's €3bn HQ

The British-based Reuben Brothers have made the highest offer for Spanish Santander Bank's massive Financial City HQ complex near Madrid worth over €3bn and (...)

Housing

Five buyers interested in Spanish Sareb's Témpore after €149m transfer

Spain's 'bad bank' Sareb said it has five interested parties in due diligence to buy its residential REIT/SOCIMI Témpore after transferring another 1,769 rental (...)

Logistics

Calvert leads Gramercy Europe MBO after Blackstone takeover

Led by CEO Alistair Calvert, European industrial sale-leaseback specialist Gramercy Europe has closed a management buyout following Blackstone’s takeover of its US parent Gramercy (...)

Listed

Spain's manager Azora postpones IPO after Blackstone Hispania bid

Spanish real estate manager Azora Altus, which created and manages the REIT/SOCIMI Hispania, is postponing its own IPO in light of uncertainty created by Blackstone's (...)

Logistics

Blackstone's $7.6bn Gramercy takeover includes European unit

Giant US-based manager Blackstone is acquiring US REIT Gramercy Property Trust in a deal valued at €6.4bn ($7.6bn) that includes Gramercy Europe, a London-based (...)

Listed

Blackstone launches €1.9bn takeover bid for Spanish hotel REIT Hispania

Giant US investment manager Blackstone has launched a full takeover bid for Spanish REIT/SOCIMI Hispania via its Alzette vehicle, having agreed to buy 16.65% (...)

Listed

Canada’s Ivanhoé Cambridge cuts stake in French Gecina to 15.4%

Ivanhoé Cambridge, the real estate investment arm of Quebec-based pension fund manager CDPQ, has trimmed its holding in French office REIT/SIIC Gecina by 4.28% via a (...)

Office

European 2017 CRE investment rises 4% to €293bn; 2018 looks good - RCA

Europe’s commercial real estate in 2017 experienced the third most active year on record for investment, rising 4 % from 2016 to €293.4bn, according (...)

Office

Finland's €10bn RE investment record in 2017 unlikely to be repeated - KTI

Real estate investment in Finland soared in 2017 to €10.2bn, beating by 38% the prior record set in 2016, according to research group KTI. (...)

Logistics

UK, Germany power European 2017 RE investment to peak; logistics, hotels lead - CBRE

A strong UK market and a near record in Germany last year boosted commercial real estate investment in all of Europe by 9.3% to (...)

Logistics

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 (...)

Hospitality

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 (...)

Logistics

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 Alibabafounder Jack Ma sees it as crucial to globalisation and aims (...)

Office

"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 (...)

Housing

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 (...)