Business Immo, the real estate website

Hina Shoeb

Director, Retail, Media & Leisure

Finance

Logicor places €650m in bonds after a two-year break on the financial markets

Logicor has announced the "successful placement" of €650m of bonds under the Group's EMTN programme. The unsecured bonds have a maturity of 4.5 years (...)

Finance

Accor launches €400m share buyback program

On Tuesday evening, Accor launched a €400m share buyback program from October 11 to April 11. This program follows the upgrading of its rating (...)

Finance

Accor successfully places €500m hybrid perpetual bond issue

Accor today successfully placed a €500m perpetual hybrid bond with a 7.25% coupon. "The transaction was oversubscribed by approximately four times, reflecting renewed investor (...)

Finance

Why Europe's hotel industry recovery could be tempered by macroeconomic and geopolitical pressures

BiTV Interviews welcomes Hina Shoeb, Director Retail, Media & Leisure at S&P Global Ratings. In its recently published analysis, S&P Global Ratings states that many European lodging (...)

Listed

S&P downgrades URW’s credit rating to 'BBB+', outlook negative

Following Unibail-Rodamco-Westfield (URW) shareholders" rejection of a proposed €3.5bn capital increase, which was a main component of its €9bn RESET strategic plan to decrease (...)

Listed

Gecina successfully raises €400m on the bond market

Gecina has today successfully raised €400m through the matching of the two bond issues, with an average maturity of 10.1 years and an average (...)

Listed

Covivio priced a €500m 10-year Bond with a 1.625% coupon

Covivio priced a €500m 10-year Bond with a 1.625% coupon French REIT/SIIC Covivio has successfully priced its new Bond issue of €500m, maturing in (...)

Listed

SFL completes €500m bond issue

Société Foncière Lyonnaise (SFL), the Paris-based office REIT 82% held by Spain's Colonial, successfully issued €500m worth of seven-year bonds maturing on 5 June 2027 and (...)

Listed

Air traffic decline: Standard and Poor's revises its long-term credit rating for Aéroports de Paris

The ADP Group announced the rating agency Standard and Poor's has just revised the company's long-term credit rating due to the decline in traffic, (...)

Listed

Berlin's TLG boosts 9mth portfolio 11.5% to €4.6bn amid Aroundtown merger

Berlin's TLG Immobilien boosted the value of its properties by 11.5% in the first nine months to €4.58bn, and reiterated that its merger with (...)

Listed

Hamburg's alstria places €400m bond to refinance old maturities

Hamburg's alstria office REIT has placed a corporate bond with a nominal value of €400m and a fixed coupon of 0.5%, aimed to refinance (...)

Retail

French Casino parent Rallye placed under creditor protection

Rallye, the parent company of French retailer Casino, has been placed under creditor protection by a Paris commercial court to give it time to (...)

Finance

Paris REIT Gecina places 15yr €500m bond issue at 1.625% to buy back notes

Paris office and housing REIT Gecina has placed a €500m bond issue with a 15-year maturity at 1.625% and launched a tender offer on (...)

Listed

Spanish Colonial's recurring net surges 22% to €101m after busy 2018

Recurring net profit for Spanish REIT/SOCIMI Colonial surged 22% to €101m in 2018 and its portfolio revalued by the same amount to €11.35bn after a (...)

Listed

French Covivio boosts 2018 EPRA earnings 6.4% to €381m, 4.5% per shr

Giant French REIT/SIIC Covivio boosted 2018 EPRA earnings 6.4%yy to €381m group share, and 4.5% to €5.08 per share, exceeding guidance of 3%. In its results release, the firm (...)

Finance

Vienna’s Immofinanz places €500m benchmark bond, wins first-ever rating

Vienna’s listed Immofinanz has placed a €500m benchmark bond with investors and won a rating from S&P, making it the first-ever rated issue from a Austrian (...)

Office

Spain’s Colonial looks forward to organic growth after busy 2018

Spanish office REIT/SOCIMI Colonial, after a takeover and a readjustment of capital this year, is looking ahead to delivering organic growth with a rise (...)

Listed

French SFL stake increase helps Colonial to first BBB+ S&P rating

Spain's Colonial has become the first Spanish REIT to obtain a BBB+ credit rating from US agency S&P after taking 81% of France's Société (...)

Housing

Europe's housing markets stage a soft landing - S&P Global

Europe's housing markets are staging a soft landing mainly since monetary conditions will stay favourable, says S&P Global Ratings. German and French prices will slow (...)

Listed

French retailer Casino sells 15% of Mercialys unit for €213m

French supermarket chain Casino, under pressure to reduce debt, has raised €213m by selling 15% of listed unit Mercialys via an equity swap with (...)

Office

Spanish office REIT Colonial 2017 net jumps 149%, recurring up 14%

Spanish office REIT/SOCIMI Colonial, which owns a majority in France's SFL, said attributable net profit last year, prior to its takeover of Madrid peer Axiare, jumped 149% (...)

Finance

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. The move (...)