Business Immo, the real estate website

Laurent Luccioni

Executive vice president and portfolio manager

Finance

Allianz Real Estate to combine with Pimco, forming €100bn real estate management unit

Germany-based insurance group Allianz has announced its intention to combine the strengths of its subsidiaries Pimco and Allianz Real Estate. The move aims to (...)

Listed

South African Vukile said eyeing bid for Spain's Lar Espana REIT

South African fund Vukile Property is said to be preparing a takeover bid for Spanish listed shopping centre REIT/SOCIMI Lar Espana, probably via its Castellana affiliate in Spain. Vukile, present in the (...)

Logistics

Allianz Real Estate acquires first tranche of €80m Italian logistics portfolio

Allianz Real Estate has completed the purchase of two logistics warehouses in northern Italy in an off-market deal for €33.6m, the first tranche of (...)

Listed

Oaktree, Pimco review Polish Echo Investment stakes

Poland’s listed Echo Investment’s largest shareholders, units of Griffin Real Estate plus US-based Oaktree and Pimco, are reviewing strategic options in regard to their (...)

Listed

Greece's Eurobank, Athens REIT Grivalia in merger, valuing latter at €800m

Greek lender Eurobank and Athens REIT Grivalia are merging in a share deal agreed by its controlling shareholder Canada's Fairfax Financial and valuing Grivalia (...)

Listed

Spanish REIT Lar to raise 2019 dividend by 67% plus special payout

Spanish REIT/SOCIMI Lar España is moving forward with its plan to focus on retail and is to raise its dividend by 67%. It will (...)

Finance

Greek REIT Grivalia sees opportunities after decade of turmoil

After a decade of economic and political turmoil in Greece, investment opportunities are now appearing in its real estate, especially in assets coming out (...)

Finance

Euro CRE investment slows sharply in first quarter after record 4Q - RCA

Investment in European commercial real estate slowed sharply in the first three months of 2018 after a record fourth quarter as investors reassessed pricing (...)

Retail

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 (...)

Office

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 (...)

Retail

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 large shopping (...)