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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 (...)

Office

BNP Paribas REIM acquires The Hype building in Brussels from Eaglestone

French manager BNP Paribas REIM has acquired from Belgian developer Eaglestone, on behalf of its OPCI fund BNP Paribas Diversipierre, 10,000 sqm office building (...)

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 (...)

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

Atrium European earnings fall 9.3% to €111m after refocus on Poland, Czech

East European retail specialist Atrium European reported a 9.3% fall in 2018 EPRA earnings to €110.8m, and said it is now focused on higher-quality (...)

Finance

CPI aims to be first foreign property firm to tap Japan Pro-Bonds

Securitised real estate debt markets are internationalising, and Czech and Berlin investor CPI Property aims to be the first foreign property firm to tap Japanese Pro-Bonds, (...)

Retail

French Casino signs €565m deal to sell 55 Monoprix supermarkets

Listed French supermarket giant Casino has signed an agreement to sell 55 Monoprix real estate assets, of which 19 in the Paris region, for €565m. It (...)

Office

Co-working here to stay but unlikely to dominate office lettings - EPRA

Co-working space offered by firms such as WeWork should be included in office investor strategies and while it is unlikely to dominate letting demand it serves (...)

Listed

Swedish Castellum lowers LTV cap, wins rating upgrade to spread risk - CFO

Swedish listed Castellum, managing property worth €7.87bn, is to cut its loan-to-value cap to 50% - a move CFO Ulrika Danielsson told BIE came largely in response (...)

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% (...)

Housing

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 (...)