Business Immo, the real estate website

Anne-Valérie Attias-Assouline

Avocate associée - Présidente de PWC

Thomas Bortoli

Avocat - Directeur Juridique

Arnaud Burillon

Partner Transaction Services

Jean-Baptiste Deschryver

Associé PwC - Responsable EMEA des activités audit immobilier

Philippe Emiel

Avocat associé

Antoine Grenier

Associé du pôle Immobilier - Corporate-Finance

Éric Hickel

Avocat - Associé

Lionel Lepetit

Associé du pôle Immobilier - Audit

Bruno Lunghi

Partner Tax

Geoffroy Schmitt

Associé du pôle Immobilier - Responsable de l’activité conseil

Valérie Vezinhet

Director of Human Resources, France & francophone Africa

Housing

US Greystar enters Spanish PRS, buying a building on Madrid's Grand Via

US residential specialist Greystar is expanding in Europe, entering Spanish PRS with the purchase of a building in Madrid, and analysing a pipeline of rented residential and student (...)

Finance

Reshuffling the investment pack in Europe’s Big Three

UK, on the ropes but not out yet The United Kingdom was on the ropes in 2018 but still managed to hold on to its title as Europe’s (...)

Housing

Nuveen, Value One in €600m European student housing JV

Nuveen Real Estate and developer Value One have agreed a €600m joint venture investing in pan-European student accommodation, seeding the vehicle with three assets. The seed assets (...)

Logistics

French Amundi, Panhard acquire four business parks in Paris region

French real estate investment managers Amundi and the Panhard Group are acquiring the Mosaic Parcs portfolio of four business parks in the Paris region from AEW. Without (...)

Retail

Italy's Generali in €600m, 53-asset French retail purchase at year-end

Italy's Generali Real Estate, part of the Trieste-based insurance group, boosted its portfolio by €600m at year end, signing on a 53-asset retail portfolio in France operated (...)

Office

Invesco sells La Défense Tour Prisma to AEW Ciloger

US-based manager Invesco Real Estate has sold the 23,000 sqm Tour Prisma in Paris La Défense to French manager AEW Ciloger. Specialists estimated the price at (...)

Housing

CBRE GIP, Madison invest €870m in 6.5k Spanish resi package

CBRE Global Investment Partners and Madison International Realty are jointly acquiring a 6,458-unit Spanish residential portfolio valued at €870m from Madrid's Azora group, which will retain (...)

Office

GEG invests €275m to acquire 7th prime asset in Frankfurt

GEG German Estate Group, a joint venture between Germany's DIC and US-based M&A giant KKR, has invested €275m to acquire the Garden Tower in Frankfurt from a (...)

Office

Hines commits over €300m to European office in Berlin, Barcelona

Texas-based real estate giant Hines has committed over €300m to European real estate in the last week, acquiring the Zalando headquarters in Berlin for a price (...)

Office

Invesco, in largest European deal, pays Unibail €789m for Paris Capital 8

In its largest-ever European asset transaction, investment manager Invesco Real Estate is paying €789m for Capital 8, a 45,000 sqm office building in the 8th quarter (...)

Investment

Emerging Trends in Real Estate - Europe 2018

Europe’s real estate industry remains “cautious but positive” as it comes to terms with today’s low-return market and the longer-term disruptive forces of technology and social (...)

Investment

Emerging Trends in Real Estate 2017

While there is a general post-Brexit slump in sentiment towards the UK, investors continue to see value in real estate across many parts of the rest (...)

Investment

Emerging Trends in Real Estate - Europe 2016

Capital flows and city rankings will always attract the headlines, but this year Emerging Trends Europe shines a spotlight on fundamental changes at the business end (...)

Investment

Emerging Trends in Real Estate 2016

Capital flows and city rankings will always attract the headlines, but this year Emerging Trends Europe shines a spotlight on fundamental changes at the business end of the (...)

Investment

Emerging Trends in Real Estate - United States and Canada 2015

Another year, another look at the Emerging Trends expected to affect real estate in the coming year and beyond. It’s a healthy discipline for our industry, (...)

Green

Building Better Cities: Competitive, sustainable and livable metropolises in APEC (and how to become one)

Two hundred and ten million people. That’s the aggregate population of the 28 urban centers covered in our first-ever Asia-Pacific Economic Cooperation (APEC) city study. Two (...)

Territories

Into Africa : The continent’s Cities of Opportunity

As with our global Cities of Opportunity report, this one is specifically designed for three sets of readers. The entire purpose of this analysis, of course, (...)

Investment

Emerging Trends in Real Estate - Europe 2015

The confidence comes from the availability of capital. Real estate is awash with equity. Most of Emerging Trends Europe’s survey respondents and interviewees anticipate an increase (...)

Territories

Cities of Opportunity 2014

The sixth of Cities of Opportunity continues an investigation that began in 2007 in an effort to help the world’s great cities understand what policies and (...)

Investment

Real Estate 2020: building the future

It’s March 2020. Ahmed Naneesh, chief investment officer of a sovereign wealth fund and steward of one of the world’s largest real estate portfolios, is chairing (...)

Investment

Emerging Trends in Real Estate - 2014

Europe’s real estate industry expects more and better in 2014. It is more confident about its prospects and its ability to improve profits. Headcounts, too, have (...)

Juridicial

Luxembourg - Real Estate Going Global

Luxembourg has been a favoured place for real estate ownership structuring for nearly two decades. The main principles of Luxembourg tax law are an important factor (...)

Juridicial

Malaysia - Real Estate Going Global

The coordination and regulation of the acquisitions of assets, including real property, by foreign interests, is undertaken by the Foreign Investment Committee (FIC) in the Prime (...)

Juridicial

Sweden - Real Estate Going Global

A foreign corporate investor may invest in Swedish property directly or through a local company (i.e. aktiebolag, or AB), a non-resident company, or through a partnership (...)

Juridicial

Switzerland - Real Estate Going Global

A foreign investor is allowed to invest into Swiss real estate property directly or through a local or a non-resident company if such property is used (...)

Juridicial

Argentina - Real Estate Going Global

A foreign investor may invest in Argentine property directly or through a local corporation (sociedades anónimas), a local limited liability corporation (sociedad de responsabilidad limitada) or (...)

Juridicial

Australia - Real Estate Going Global

Non-residents may invest in Australian property by direct ownership of the property from offshore, or through interposed companies, partnerships or unit trusts (either resident or non-resident). Many (...)

Juridicial

Austria - Real Estate Going Global

A foreign individual or corporate investor may invest in Austrian property directly or through a local company, such as an Aktiengesellschaft (AG) or Gesellschaft mit beschränkter (...)

Juridicial

Belgium - Real Estate Going Global

A foreign corporate investor can invest in Belgian property through a local or a non-resident company, or through a partnership. Foreign investors usually invest in Belgian real (...)

Juridicial

Brazil - Real Estate Going Global

Non-residents may invest in property through direct ownership from abroad, or through resident companies or partnerships. The acquisition of real property by foreign individuals or companies follows (...)

Juridicial

Bulgaria - Real Estate Going Global

There are no legal restrictions upon foreign companies and individuals acquiring ownership over buildings (or parts thereof) in Bulgaria; they are also allowed to hold limited (...)

Juridicial

Canada - Real Estate Going Global

Foreign investors may invest in property in Canada by direct ownership of the property from offshore or via resident corporations, partnerships, or trusts. The purchase price paid (...)

Juridicial

Denmark - Real Estate Going Global

A foreign company can invest directly in real estate in Denmark, or through a public or private limited company, which is resident in Denmark. Foreign companies etc. (...)

Juridicial

Finland - Real Estate Going Global

A foreign investor may invest in Finnish real estate property through a local company (such as an Osakeyhtiö (Oy)), a local partnership (such as a Kommandiittiyhtiö (...)

Juridicial

Greece - Real Estate Going Global

Currently real estate property in Greece is subject to various taxes. In that respect, the possession, the use, the purchasing, the donation or inheritance of real (...)

Juridicial

Hungary - Real Estate Going Global

Certain rights (including ownership) and physical data relating to real properties and specified by the law must be registered in the Land Register, which is maintained (...)

Juridicial

India - Real Estate Going Global

A foreign investor is not permitted to invest directly in an immovable property in India. However, this restriction does not apply to non-resident Indian (NRI), Person (...)

Juridicial

Indonesia - Real Estate Going Global

Under the current land regulations the option for a foreign citizen and/or entity to own land (and buildings, as the case may be) in Indonesia is (...)

Juridicial

Ireland - Real Estate Going Global

A foreign corporate investor may invest in Irish property directly, or through a local Irish subsidiary company. The selection of the appropriate structure for an Irish (...)

Juridicial

Italy - Real Estate Going Global

In the Italian tax system, real estate property is generally deemed to produce taxable income, even if not used by the owner or even if not (...)

Juridicial

Malta - Real Estate Going Global

Malta’s full imputation system of taxation, the refund mechanism and the participation exemption are among the main characteristics of Maltese tax legislation, which may be used (...)

Juridicial

Japan - Real Estate Going Global

In general, foreign corporate investors may invest in Japanese property directly or through a Japanese local corporation including special purpose entities (e.g., kabushiki kaisha (KK), goudo (...)

Juridicial

Mexico - Real Estate Going Global

Investment in real estate developments has increased in recent years. Regulations regarding accounting, tax and environmental matters should be considered for these investments. Real estate developers (...)

Juridicial

Kazakhstan - Real Estate Going Global

Rental income from land and property, less tax-deductible expenses, is subject to corporate income tax at the standard corporate tax rate of 20%. Permanent establishments of (...)

Juridicial

Korea - Real Estate Going Global

Foreign investment in real estate in Korea has significantly increased since limitations on foreign investors’ acquisition of land were removed under the revised Aliens Land Acquisition (...)

Juridicial

Netherlands - Real Estate Going Global

A foreign corporate investor may invest in Dutch property in various manners. The investor may invest directly, through a local company (such as a Naamloze Vennootschap (...)

Juridicial

New Zealand - Real Estate Going Global

Non-residents may invest in New Zealand property directly, or through a local company, non-resident company, trust or partnership. Investments in New Zealand real property by non-residents may (...)

Juridicial

Norway - Real Estate Going Global

A foreign corporate investor may invest in Norwegian property directly or through a Norwegian limited liability company or Norwegian partnership owning the property. From a Norwegian corporate (...)

Juridicial

Philippines - Real Estate Going Global

Normally, foreign investors invest in Philippine real property through a corporation in a joint venture with Filipino individuals or Filipino-owned corporations. Rental income earned by a real (...)

Juridicial

Poland - Real Estate Going Global

Net income received by corporate taxpayers is taxable in Poland at the general corporate income tax rate of 19%. Generally, all expenses incurred by companies on (...)

Juridicial

Portugal - Real Estate Going Global

Foreign corporate entities and real estate funds may invest in properties located in Portugal by setting up or acquiring local companies, such as joint stock companies (...)

Juridicial

Romania - Real Estate Going Global

In the Romanian law is enshrined the principle of free transferability of assets, with only few restrictions on the acquisition of real estate or a set (...)

Juridicial

Russia - Real Estate Going Global

In recent years, property investors and developers have become much more international in their outlook. Property has effectively become part of the global marketplace. In Russia, (...)

Juridicial

Singapore - Real Estate Going Global

Foreign investors may invest in the Singaporean commercial property market with little or no restriction. Residential property is divided into three main groups, as follows: - Private (...)

Juridicial

Slovakia - Real Estate Going Global

A foreign corporate or individual investor may acquire real estate in Slovakia directly (with a few exceptions, such as forest and agricultural land where restrictions should (...)

Juridicial

Spain - Real Estate Going Global

The net income of a Spanish entity is taxed at 30%. When investing through a real estate investment fund or company, a reduced rate of 1% (...)

Juridicial

Taiwan - Real Estate Going Global

Foreign entities (including individual and company) are permitted to purchase real estate in Taiwan, subject to prior government approval. This approval is country-specific in that the (...)

Juridicial

Thailand - Real Estate Going Global

Ownership of land is generally not open to non-Thai nationals. Foreign investors may directly invest in certain property in Thailand such as condominiums, or may structure (...)

Juridicial

Turkey - Real Estate Going Global

According to article 35 of Land Registry Law numbered 2644 (the “Law”), in principle, foreign individuals may acquire immovable assets. Before 18 May 2012, such acquisition (...)

Juridicial

Ukraine - Real Estate Going Global

A foreign investor may purchase Ukrainian property either directly or through a local company. However, there is a requirement for foreign individuals to rent out premises (...)

Juridicial

United States of America - Real Estate Going Global

A foreign investor may invest in US real property directly, or through a domestic or foreign partnership, limited liability company or corporation. If a foreign person is (...)

Juridicial

Germany - Real Estate Going Global

German tax law distinguishes between resident and non-resident status. A German resident entity is, in principle, subject to tax on its worldwide income (so-called ‘unlimited tax (...)

Juridicial

Hong Kong - Real Estate Going Global

Foreign investors may invest in Hong Kong property through a non-resident entity or, more commonly, through a resident entity. Rental income derived from Hong Kong property is (...)

Juridicial

United Kingdom - Real Estate Going Global

In recent years, property investors and developers have become much more international in their outlook. Property has effectively become part of the global marketplace. However, the (...)

Investment

Emerging Trends in Real Estate - 2013

Optimism has returned to Europe’s real estate industry. Sentiment among industry leaders about the prospects for their businesses is more positive than at any time since (...)

Hospitality

Thriving or surviving

The hotel industry faces a more competitive and challenging environment in 2013 with continuing economic headwinds likely to hold back growth. RevPAR growth is expected to (...)

Investment

Emerging Trends in Real Estate - Europe 2013

Optimism has returned to Europe’s real estate industry. Sentiment among industry leaders about the prospects for their businesses is more positive than at any time since (...)

Investment

La contribution fiscale des SIIC en France

Le régime des Sociétés d’Investissement Immobilier Cotées (SIIC) a été créé en 2003. Il constitue la principale réussite boursière de la place de Paris des dix (...)

Investment

Cities of Opportunity

Cities of Opportunity 2012 analyzes the trajectory of 27 cities, all capitals of finance, commerce, and culture — and through their current performance seeks to open (...)

Investment

Le poids socio-économique des SIIC en France

66 300 emplois au total ont été générés par les SIIC en 2011, avec une progression annuelle moyenne de 24,4% / an depuis 2003. 3400 emplois (...)

Investment

Emerging Trends in Real Estate - 2012

As Emerging Trends 2012 went to press, Europe’s economic outlook remained a grave concern: for its politicians, its financial markets, and not least of all, for (...)