Business Immo, the real estate website
Housing

Aulagnon, Chaussard's Finestate makes first co-living buy in Paris

Paris-based Finestate, the private firm founded by former Affine executives Maryse Aulagnon and Alain Chaussard, has made its first purchase in its chosen sector - co-living. The property acquired is in the (...)

Listed

France's REIT association elects Maryse Aulagnon as president

France's REIT/SIIC association FSIF has elected Maryse Aulagnon, founder of the Affine group, as president in succession to Covivio CEO Christophe Kullmann. FSIF (Fédération des Sociétés Immobilières et Foncières) represents around 35 real estate investment trusts that have been (...)

Listed

France's Tour Eiffel AUM rises to €1.7bn post-Affine; reports €15m loss

France's Société de la Tour Eiffel boosted assets to €1.72bn from €1.17bn after absorbing peer Affine last year, but reported an unconsolidated 2018 net loss of (...)

Listed

France’s newly-merged Société de la Tour Eiffel eyes new growth cycle

The absorption of French REIT/SIIC Affine by larger peer Société de la Tour Eiffel was approved by all shareholders and finalised before year-end 2018. Exclusively for (...)

Listed

French STE, Affine plan merger in new STE with €1.7bn portfolio

Two French REIT/SIICs, Société de la Tour Eiffel and Affine, are to merge to form a single company under STE control, with a property portfolio of (...)

Listed

French Affine’s 1H net drops to €5m, refocuses on regional cities

French REIT/SIIC Affine reported a consolidated first half net profit at €5m, down from €6.9m in 1H17, and said a refocus on regional cities should allow (...)

Listed

Alain Chaussard, long-time CEO of French REIT Affine, steps down

In a move seen as part of succession planning, Alain Chaussard, long-time chief executive of French REIT/SIIC Affine, is to step down, the company has announced. The board, chaired (...)

Listed

French REIT Affine boosts 2017 net by two-thirds, proposes €1 shr div

French commercial property REIT/SIIC Affine, which balances its portfolio between Paris and major cities, said 2017 net profit group share rose by two-thirds to €9.1m. EPRA earnings soared by (...)