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Contributors

Domitille Dessertine

Head of Fintech, Innovation and Competitiveness

Serge Enezian

Directeur technnique immobilier

Anne-Sophie Fior

Directrice des ressources humaines

Michèle Lacroix

Member of the Climate and Sustainable Finance Commission

Domitille Dessertine

Head of Fintech, Innovation and Competitiveness

Serge Enezian

Directeur technnique immobilier

Anne-Sophie Fior

Directrice des ressources humaines

Michèle Lacroix

Member of the Climate and Sustainable Finance Commission

Sébastien Raspiller

Secrétaire général

Philippe Sourlas

Secrétaire général adjoint en charge de la direction de la gestion d'actifs

Pierre Walckenaer

Directeur adjoint

Finance

"It is important to stress that Primonial REIM France posted satisfactory results in 2023"

Business Immo: The discourse surrounding property management companies, and SCPIs in particular, has been particularly negative over the past year, which has been marked (...)

Finance

"Consolidation and agility: the guiding principles of Perial's new strategic plan"

The life of an asset management company is punctuated by PPOs. At 34 rue Guersant (17th arrondissement, Paris), where Perial has become a regular (...)

Career

A new Spanish office for ClubFunding

ClubFunding's international expansion continues. This real estate player, whose mission is to offer innovative investment and financing solutions, has just opened a new office (...)

Finance

"We are at the end of the financial era and at the beginning of the asset management era"

Business Immo: In recent weeks, several management companies have announced a drop in unit prices for some of their SCPIs. How do you explain (...)

Finance

AEW Patrimoine adjusts its SCPI unit prices (again)

"The major challenge for us in relation to our partners is to be transparent and educational." These are the words of Antoine Barbier. They (...)

Finance

In the eye of the storm, SCPI funds need to rethink their approach

"Until now, everyone was flocking to property, including SCPIs, as evidenced by the record inflows recorded by SCPIs in 2022, but the mechanical rise (...)

Finance

"We need to adapt our tools, but it's not an upheaval"

Business Immo: What lessons can we learn from this "price crisis"? Jean-Marc Coly: First of all, the property sector is not isolated from the economic (...)

Finance

Primonial REIM France lowers the subscription price of its office and retail SCPIs

Not a day goes by without a tremor in the SCPI market. Following in the footsteps of La Française REM on Wednesday (see our (...)

Listed

Mercialys acquires a stake in ImocomPartners

Mercialys has just acquired a stake in ImocomPartners with the aim of fully acquiring the management company specialising in retail parks. Specifically, this year (...)

Finance

SCPI funds: beware of a confidence crisis

A massive thunderclap. Predictable, yes, but brutal. Flashback, 24 July 2023: At the height of summer, Amundi, faced with a fall in the appraised (...)

Finance

Altarea IM designs an SCPI "adapted to the new property cycle"

Five months after receiving AMF approval, Altarea IM is launching its first SCPI, Alta Convictions, a "multi-theme" vehicle, as Marc-Olivier Penin, the management company's (...)

Finance

"Alternative sub-sectors account for over 60% of Primonial REIM's allocation"

Business Immo: You have just finalised the first stage of the €1.4bn purchase of Icade's stake in Icade Santé. In concrete terms, what does this (...)

Finance

Catella to become majority shareholder in Aquila AM

“France is one of Europe's most attractive and largest real estate markets, where we already have a strong presence, primarily in corporate finance. Having (...)

Career

Another La Française talent joins Altarea IM

Former head of real estate middle office - retail funds of La Française (2021-2023), Maxim Rault has joined Altarea Investment Managers as director of (...)

Finance

TwentyTwo Real Estate reorganises its various activities

In an effort to improve clarity between its various entities and in order to "better understand market developments and strengthen its commitment to ESG", (...)

Finance

"We have prepared for the worst in 2023 and 2024"

Business Immo : Are you concerned about the inflection of demand in the housing market ? Alain Taravella: The idea is not to be worried (...)

Listed

Acquisition of Terreïs : AMF sanctions ten people

Ten. This is the number of people sanctioned by the AMF, France's financial authority body, in a decision handed down on 30 January concerning (...)

Listed

SIICs' financial and extra-financial communication under the microscope (KPMG/FEI)

KPMG and investor association Fédération des entreprises immobilières (FEI) have just published their latest study on the financial communication of SIICs, France's listed REITs. (...)

Listed

The pandemic has not affected the SIICs' transparency in their financial communication (KPMG/FSIF)

KPMG and the  French listed property federation FSIF (Fédération des sociétés immobilières et foncières) have just published their traditional study on the financial communication of (...)

Listed

Icade launches IPO of Icade Santé on Euronext Paris

French REIT/SIIC Icade, shareholder of Icade Santé with a 58.3% stake to date, has announced that the French financial markets authority (Autorité des marchés financiers, (...)

Listed

Icade takes step towards an IPO of Icade Santé on Euronext Paris

Icade Santé, a Paris-based European investor in healthcare real estate, 58.3% held by French REIT/SIIC Icade, has announced the approval of its registration document, dated September (...)

Listed

Covivio Hotels successfully priced a €500m 8-year Bond with a 1.0% coupon

Covivio Hotels, Covivio’s subsidiary dedicated to hotel Real Estate, has successfully priced a new Bond issue of €500m, maturing in 2029 and offering a 1.0% coupon. This operation, (...)

Finance

MNK Partners launches the Polska by MNK fund

MNK Partners, a Paris-based independent asset management company specialising in pan-European real estate investments with high value potential, has launched the Polska by MNK fund, with (...)

Finance

Eurasia launches a portfolio management company

Mr Wang's discreet property company is striking a major blow in the world of managed property with the launch of its portfolio management company. (...)

Finance

AMF sanctions Corum AM for breaches of its professional obligations

The Enforcement Committee of the Autorité des marchés financiers (AMF) has imposed a fine of €600,000 on the asset management company Corum Asset Management. (...)

Listed

Unibail-Rodamco-Westfield: Xavier Niel crosses the 15% threshold

Xavier Niel is continuing his rise in the capital of the listed property company Unibail-Rodamco-Westfield (URW). The founder and chairman of Iliad has declared (...)

Finance

Arkéa IS takes control of Catella Asset Management, which becomes Arkéa Real Estate

Arkéa Investment Services asserts its ambitions in the real estate market. Seven months after launching SCI Silver Avenir, the group chaired by Sébastien Barbe (...)

Listed

URW: "We have to get out of this panic-mode to enter the era of rational decisions" (Bressler/Niel)

The Refocus consortium ­— owning 5% in Unibail-Rodamco-Westfield SE ("URW"), won a victory today. After weeks of media battle, shareholders rejected the €3.5bn capital (...)

Listed

The Bressler/Niel consortium exceeds the 5% threshold of URW's share capital

The consortium of investors in Unibail-Rodamco-Westfield, led by Léon Bressler of Aermont Capital and Xavier Niel of NJJ Holding, has declared to the AMF (Autorité (...)

Finance

AMF, France’s financial markets regulatory body, takes action but will not close stock exchanges

In an interview with French media Les Échos, Robert Ophèle, President of the Autorité des marchés financiers (AMF) France’s financial markets regulatory body, says (...)

Finance

Luxembourg’s FundRock expands into French private equity and real estate sectors

Luxembourg’s FundRock Management, a  third-party UCITS Management Company and Alternative Investment Fund Manager, is to launch a new operation in France that will assist (...)

Finance

France’s Paref Gestion launches SCPI fund targeting Italy

Paris-based Paref Gestion has announced the launch of Novapierre Italie, an open-ended SCPI fund invested in tourism real estate in Italy. Aimed at both (...)

Retail

French PAREF's Novapierre Allemagne fund adds retail warehouse near Frankfurt

The French SCPI Novapierre Allemagne, managed by PAREF Gestion and advised by Principal Real Estate Europe, has acquired four retail warehouse centres south of Frankfurt. Launched in (...)

Listed

Frankfurt's Corestate acquires French investment manager STAM Europe

In a deal that will boost managed assets by €2bn, Frankfurt-listed Corestate Capital is acquiring French real estate investment manager STAM Europe. No financial details (...)

Health / Senior

France's oldest hospital leases section to developer Novaxia for €144m

France's oldest hospital, Hôtel-Dieu, next to Notre-Dame cathedral in Paris, has, for €144m, leased 20,000 sqm to developer Novaxia to convert into care residences and commercial (...)

Hospitality

Swiss Life wins approval for €1bn European hotel fund

Swiss Life Asset Managers has now received approval for its Luxembourg fund aimed, as previously reported by BIE, to target €1bn in hotels around (...)

Logistics

French Paref Gestion, Principal add two German warehouses

French real estate manager Paref Gestion has added two retail warehouses in Germany via Principal Real Estate Europe which acted as asset and transaction (...)

Finance

French Primonial takes full control of REIM unit

French wealth manager group Primonial is to acquire all remaining 30.3% of equity in its real estate subsidiary Primonial REIM from U.F.F. Bank. No (...)

Finance

US Principal completes Internos buy, renames to Principal Real Estate Europe

US-based Principal Global Investors has completed the acquisition of Internos Global Investors, the UK-headquartered pan-European real estate investment manager, and the firm has been renamed Principal Real (...)