Business Immo, the real estate website

Yves Bonamy

Executive Director

Carine Dassé

Executive Director, Real estate Client coverage France, Belgium, Switzerland

Maud Guibourg

Senior Associate Real Estate

Maud Kerlan

Senior associate / Marketing

Rémi Lechantre

Vice President : Program Management

Esthel Lougrat

Vice President

Finance

France's investment property performance plummeted in 2023 (MSCI)

The MSCI France Annual Property index posted an annual performance of -7.7% to December 2023, a sharp fall compared with 2022 that has not (...)

Office

French real estate investments experienced a -12,3% capital growth in 2023 (MSCI)

Sharing a preview into the performance of real estate investments in France for 2023, MSCI’s reports that the capital growth level in French property (...)

Finance

The year 2023 worse than expected, according to the MSCI Barometer

Carried out in October 2023 among a panel of investors whose combined real estate assets exceed €280bn, the survey conducted by MSCI and BPCE (...)

Finance

Past performance is no guarantee of future performance

Judging the prospects for property investment over the next 20 years is a perilous exercise, and one that calls for modesty. A few introductory (...)

Finance

A majority of investors plan to reduce their property allocation

Property investors remain in the waiting room if the latest MSCI barometer carried out in association with BPCE Real Estate Solutions is to be (...)

Finance

Retail real estate fund inflows reach €2.8bn in Q1 2023 (Aspim/IEIF)

According to Aspim and IEIF, consumer real estate funds collected €2.8bn in Q1 2023 compared to €3.9 bn in Q1 2022. « After record inflows (...)

Finance

The performance of French investment property in free fall in 2022 (MSCI)

Investment property in France generated a total annual return of +1.9% in 2022, according to the MSCI France Annual Property Index. This performance is (...)

Finance

Office capital growth level was -2.4% in France for 2022 (MSCI)

MSCI's calculations show that the office capital growth level in France for 2022 was -2.4% on standing investments. “MSCI France Capital Growth Preview provides a (...)

Finance

« About 48 % of investors plan to maintain their real estate acquisition volume »

Business Immo : What is the mood of real estate investors in the current economic climate ? Carine Dassé : First of all, it (...)

Finance

French investment property performance down in H1 2022 (MSCI)

In H1 2022, the MSCI France Biannual Property Index* posted a lower performance than in H2 2021. It stood at 3.8 % in H1 (...)

Finance

Investors keep their faith in real estate

Despite the economic and geopolitical turmoil, investors confirm their appetite for real estate in 2022, reports the latest MSCI/BPCE Real Estate Solutions barometer. Two-thirds (...)

Finance

French CRE investment erases its 2020 underperformance (MSCI France)

Is real estate still the winning asset class for institutional investors? With an overall return of 6.7% in France in 2021 according to MSCI (...)

Finance

Investment property in France performed at 6.7 % in 2021 (MSCI)

The MSCI France Annual Property Index returned 6.7 % at the end of December 2021, up significantly from 3.2 % in 2020. A capital (...)

Finance

“There are no banned real estate products among investors”

Business Immo: What is the mood of property investors after reading the results of your new barometer? Carine Dassé: Investors expect the real estate market (...)

Finance

French CRE investment continued to perform well in 2020 despite the crisis - MSCI

The MSCI France Annual Property Index posted an overall performance of 3.2% at the end of December 2020, down sharply from the 8.4% recorded (...)

Finance

France’s office capital growth level was -0.8% for 2020 - MSCI

The office capital growth level in France for 2020 was -0.8% on standing investments, reports index firm MSCI France’s growth preview. All asset classes (...)

Housing

French residential investment heading for record volume in 2020 - C&W

  Generating between €3bn and €4bn of investment annually, the residential segment (classic, intermediate or with services) has shown growing popularity among institutional investors over (...)

Finance

French property investments return 0.6% for H1 2020 - MSCI

After concluding 2019 with an overall performance of 8.4%, property investments in France posted a total return of 0.6% in H1 2020, according to (...)

Finance

"This crisis was primarily an accelerator of underlying trends"

For its 27th edition, the barometer carried out by MSCI in partnership with Crédit Foncier Immobilier questioned, in the unprecedented context Covid-19 pandemic, 20 investment (...)

Office

"Despite constraints, real estate will continue to attract investors in 2020"

Live from Simi (Paris) - The 26th MSCI Barometer of French real estate investment was presented in Simi by Carine Dassé, Vice President of (...)

Finance

French real estate returns 6.6% in 2018, down slightly from 2017 - MSCI

French real estate recorded an overall return of 6.6% in 2018, comprising a rental yield of 4.2% and a capital return of 2.4%, according (...)

Office

Paris vs London: who wins the match in the last 30 rounds?

London just beat Paris in office market performance over the last 30 years but is becoming much more volatile, says index provider MSCI. The (...)

Finance

French Treasury launches real estate research project

The French Treasury has launched a new commercial real estate research project together with the Louis Bachelier Institute, fund association ASPIM, and iread, an associate firm of the (...)

Office

France surges ahead on the global stage

Associated for a long time to rigid labor laws and social immobilism that hindered its economy, France elected 39 years old liberal ex-banker Emmanuel Macron, (...)

Health / Senior

Healthcare & Senior Housing: A Gold-Silver Asset Class

Many French investors are now focusing on emerging asset classes aside from mainstream sectors 1) to diversify their portfolio, or either 2) to increase their exposure (...)

Investment

Real Estate Snapshot 2017

In this inaugural edition of our Research Snapshot, you will read about topics that are trending across the globe. Is your real estate portfolio (...)

Investment

Building Targeted Real Estate Portfolios: How Many Assets to Replicate the Market?

Investors often target certain markets when executing their allocation strategies. However, differences between individual properties and high asset-specific risk mean that holding just one (...)

Green

How Resilient are Mutual Funds to the Low Carbon Transition

A confluence of regulatory and non-regulatory factors is driving the adoption of renewable energy and other clean energy technologies globally, while headwinds facing fossil (...)

Investment

Flood Risk in the U.S.

While some investors may question the implications of climate change on their portfolios, the 2017 U.S. hurricane season left no doubt about the financial (...)

Investment

Global property performance

Global property held directly by private investors delivered a total return of 7.4% in 2016, marking the seventh consecutive year of positive performance since (...)

Investment

Getting Ahead of the Curve: How Taper 2.0 May Affect Bond Returns

How might the Fed’s plan to reduce its bond-buying program affect returns and risk for Treasurys and mortgage-backed securities? With the Federal Reserve’s monetary (...)

Investment

Anatomy of Active Portfolios

In constructing portfolios, asset managers, intentionally or otherwise, expose the portfolio to factor tilts that greatly influence fund performance. But many managers may not (...)

HR / Working space

Empowering women in the workplace

In the face of stagnating economic development in Japan, the Japanese government has focused in part on the role of women in the workforce. (...)

Investment

Private real estate - Valuation and Sale price comparison

For mainstream financial asset classes, investment performance measurement is based on transaction prices. In contrast, direct real estate is well known for being an (...)

Investment

Real Estate Market size 2016

Global market size rose in 2016. The size of the professionally managed global real estate investment market grew marginally from $7.1 trillion in 2015 (...)

Investment

Are you ready for China A shares?

MSCI’s recent Market Classification Review will result in adding 222 China A shares to the MSCI Emerging Markets and ACWI indexes starting June 2018. (...)

Logistics

Industrial : Property Income Risk & Performance - Q1 2017

As of Q1 2017, the expiration profile of U.S. leases tracked by MSCI was fairly back loaded with the majority set to expire in (...)

Retail

Commercial Property Auction Data (cPad) Report - Spring 2017

At nearly £194m, the value of commercial auction market transactions in the February/March auction round was up over 11% on the December 2016 period. (...)

Green

Regulatory Easing: Potential Impact on Energy Sector

Using market returns as a starting point, we focus on the U.S. energy sector to better understand how the possibility of regulatory easing could (...)

Investment

Bridging the gap: Adding factors to passive and active allocations

Asset owners enjoy a growing array of choices in implementing equity factor allocations. In addition to traditional passive and active mandates, single factor, and (...)

Investment

Navigating Central Bank Intervention in corporate bond markets

Since the 2008 financial crisis, major central banks have purchased $9 trillion of bonds in efforts to reinvigorate the global economy. Government guaranteed securities (...)

Investment

Listed and Private Real Estate : Putting the pieces back together

A property owned by a listed real estate company, such as a Real Estate Investment Trust (REIT) or a real estate management and development (...)

Office

CBD Office : Property Income Risk & Performance - Q3 2016

As of 2016 Q3, more than a third of U.S. leases tracked by MSCI were set to expire in less than 40 months. Nearly (...)

Retail

Retail : Property Income Risk & Performance - Q2 2016

As of Q2 2016, nearly half of U.S. commercial leases tracked by MSCI were set to expire within five years. The underlying contracts were (...)

Investment

Benchmarking and analysis through the IPD global quarterly property fund index

While the equity market slowed and the listed real estate market turned negative during the second quarter, the IPD Global Quarterly Property Fund Index (...)

Investment

Real Estate Market Insight

Global property delivered a total return of 9.9% in 2014, the fifth consecutive year of strong returns since the financial crisis, and the best (...)

Investment

Technical notes for global intel market insight

Annualized total return (all property series) is year-over-year in local currency. Arrows indicate momentum in total return from year-ago levels. Upward momentum is a (...)

Investment

Is Real Estate Bond-Like ?

In the short term, real estate’s stable income flows and smooth valuations give some investors the impression of bond-like behavior. But analysis with MSCI’s (...)

Investment

Real Estate Market Size 2014

The professionally managed global real estate market size grew marginally to $7.0 trillion by year-end 2014 from $6.8 trillion at year-end 2013, according to (...)

Investment

MSCI Liquid Real Estate Indexes

The MSCI USA IMI Liquid Real Estate Index attempts to capture the best of both direct and listed real estate approaches: an investable index (...)

Investment

The erosion of the Real Estate home bias

The appetite for international exposure across asset classes is demonstrated by surveys conducted by Towers Watson (for equities and bonds) and MSCI (for real (...)

Investment

Indice semestriel IPD des fonds OPCI Professionnels en France - Résultats au 30 juin 2014

L'indice semestriel IPD des fonds OPCI Professionnels en France mesure le rendement global de la valeur des actifs nets des OPCI Professionnels semestriellement. Il (...)

Investment

Alternative Real Estate Investments in Property Funds

The economic environment of recent years has presented new challenges to real estate funds and investors alike. There has been a concerted move by (...)

Investment

The Asset Owner Real Estate Investment Process: Risk management insights from the MSCI/IPD survey

During the final quarter of 2013, MSCI conducted a survey into the asset allocation processes of institutional asset owners, with a particularly close examination (...)

Investment

Indice semestriel IPD des fonds OPCI en France - Résultats au 31 décembre 2013

L'indice semestriel IPD des fonds OPCI en France mesure le rendement global de la valeur des actifs nets des OPCI semestriellement. Il s'élève au (...)

Green

Economic and environmental performance - Results as at 31 December 2013

IPD France Annual Green Property Indicators measure, per occupant, environmental (energy, CO2, water, refuse) and economic (total cost of utilisation) performance for green offices. In (...)

Investment

Multi-National Real Estate Income Risk Analysis

Income is the principal foundation of real estate investment returns. For most markets and over the longer term, the vast majority of the real (...)

Investment

Giliberto-Levy Commercial Mortgage Performance Index - Results for the quarter ended December 31, 2012

The Giliberto-Levy Commercial Mortgage Performance Indexsm (GLCMPI) measures the quarterly total return produced by a $191 billion aggregate portfolio of institutional-grade commercial mortgage loans (...)

Investment

Property valuation in the Nordic Countries

The Nordic countries (Denmark, Finland, Norway and Sweden) have performed rather well in the economic turmoil in recent years. Although the countries differ from (...)

Investment

Finnish property investments delivered a total return of 6.0% in 2012

The total return on the Finnish property investment market was 6.0% in 2012. Income return was 6.3%. Capital values continued to decline slightly, resulting (...)

Office

London West End Office Investment Report - June 2011/2012

IPD and specialist Central London property consultancy, H2SO, have collaborated on the first comprehensive analysis of the investment performance of West End offices. The (...)

Hospitality

European Hotel Performance Report 2012

This report is the second in a series of annual reports and is produced in association with AXA Real Estate, Invesco Real Estate, HVS (...)

Juridicial

Uk Lease Events Review Summary

Lease expiries, break clauses, vacancies and defaults are all risks which have to be assessed in evaluating an income stream from commercial real estate. (...)

Investment

The IPD Solvency II Review

The unprecedented financial crisis which began to unfold in the summer of 2007 precipitated the most widespread and in some ways deepest global recession (...)