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Business Immo (Business Immo Group)

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Journaliste pigiste

Finance

"Covid-19 and the European Green Deal are accelerating the need for PropTech solutions"

BiTV Interview welcomes Dirk Paelinck, the founder and CEO of Interoffices and Workero as well as the Chairman of the European PropTech Association. With him, (...)

Listed

"Léon Bressler's 'Refocus' plan is heading in the right direction"

Business Immo: Léon Bressler and Xavier Niel strongly criticised the Reset plan announced by Unibail-Rodamco-Westfield. What is your reading of the situation? Benoît Faure-Jarrosson: The (...)

Hospitality

France’s hospitality fundamentals deteriorate in October - Extendam

The hoteliers who were apprehensive about the end of the holidays and a complicated start to the new year were right. According to the (...)

Housing

"The Babel Community’s objective is to spread its concept across every major French cities"

Business Immo: How was the partnership between The Babel Community and the Banque des Territoires born? Benoît Jobert: This partnership was born out of an (...)

Finance

COVID-19 continues to “take its toll on key real estate assets” in Q3 2020 - Preqin

Capital-raising figures have sunk in Q3 2020, according to Preqin data, as the impact of COVID-19 continues to “take its toll on key real (...)

Office

Greater Paris office take-up falls 53% in Q3 200, French CRE investments down 49 - Immostat

At the end of September 2020, office take-up in the Greater Paris Region reached 913,200 sqm, according to new Immostat data, down 46% compared (...)

Finance

EQT raises €1bn for its second real estate fund and develops a residential platform in France

Swedish investment firm EQT announced today the closing of its EQT Real Estate II fund, which has reached a hard cap of €1bn. The (...)

Housing

"Coliving responds, with a more favourable framework, to a demand from institutional clients for residential"

Business Immo: 813 Capital Investment has dedicated its investment strategy to the coliving sector. What does this strategy entail? Adrien Durazzini: We have a strategy (...)

Finance

According to Keith Breslauer, the Covid-19 crisis is pushing investors towards short durations

Keith Breslauer, Managing Director and Senior Partner at Patron Capital, sent a clear message to the investors gathered online to listen to his speech (...)

Finance

"So far, the French market has been a slight underperformer"

BiTV Interview welcomes Simon Wallace, Global Co-Head of Real Estate Research and Strategy at DWS.  With him, we discuss how France’s commercial real estate market faring (...)

Listed

“The financial markets recognise the critical nature of the logistics asset class”

Business Immo: Argan presented its quarterly results this evening. What do you retain from these three quarters marked by a health and economic crisis? Jean-Claude (...)

Finance

"Patrizia remains positive and optimistic about real assets"

For its new "Interview" season, BiTV opens its platform to Business Immo Europe and welcomes Anne Kavanagh, Chief Investment Officer at Patrizia.  With her, we discuss Patrizia's (...)

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 (...)

Office

"It’s up to us, office professionals, to reinvent this asset class"

Business Immo: Placed demand for office space was strongly affected by the Covid-19 epidemic. While many companies are starting to telework, what is your (...)

Housing

After a disastrous 2nd quarter, France's developers sound the alarm (again)

Already hit by a very difficult start to the year, French housing development was heavily penalised by the Covid-19 pandemic in the second quarter of (...)

Finance

France’s CRE market sits between risks of dislocation or pleasant surprises – IEIF

The economy, both French and global, has been hit hard by the Covid-19 epidemic and, while activity levels seemed to be gradually returning to (...)

Territories

Through a €26bn recovery plan, French state’s CDC to support housing and retail

Presenting this morning its recovery plan, built during the Covid-19 related lockdown, French state financial institution Caisse des Dépots et Consignation (CDC) announced the (...)

Finance

"From a pricing standpoint, different stories are playing out across the continent"

For its new "Interview" season, BiTV opens its platform to Business Immo Europe and welcomes Tom Leahy, Senior Director at Real Capital Analytics.  With him, we (...)

Career

Marc Bertrand leaves La Française to join Amundi, Philippe Depoux to replace him

This autumn, France’s real estate job market is picking up again. As recently announced on Business Immo, Jean-Marc Coly (62) will soon be retiring (...)

Territories

New retail surfaces: French Premier calls on the prefects to prevent soil artificialisation

Following the proposals of the citizens’ convention for the climate, French Prime Minister Jean Castex sent a note to prefects on August 24th asking (...)

Finance

The European senior housing sector not overly affected by the pandemic- Savills

The Covid-19 pandemic has had a limited impact on the senior housing industry and investors have retained a strong appetite for the sector, a (...)

Finance

"Tokoro Capital's first fund will target London and Paris offices"

Business Immo: Why have you created Tokoro Capital? Max Bassadone: When we thought about raising capital, we tried to do things slightly differently by breaking (...)

Office

La Défense: Unibail-Rodamco-Westfield to relocate headquarters in the Trinity Tower

Listed property giant Unibail-Rodamco-Westfield has announced the installation, in the summer of 2021, of its future headquarters in the Trinity Tower, its latest office (...)

Listed

Gecina anticipates 2020 results close to its initial guidance

While some listed real estate companies were heavily impacted by the Covid-19 epidemic, Paris-based REIT/SIIC Gecina was able to limit the damage in H1 (...)

Housing

"The German housing market convinces above all by its stability"

Business Immo: What are the main attractions of the German residential market for real estate investors? Tristan Hinseler: The German residential real estate market convinces (...)

Finance

“The main goal of our new REOC business is to build companies and provide them additional capital”

Business Immo: Principal Real Estate has recently announced the relaunch of its real estate operating company (REOC) strategy. What does this project entail? Todd Everett: (...)

Housing

France’s real estate developers unveil new housing recovery plan

“Let's help the city of tomorrow get out of the ground." This is the motto of the recovery plan recently presented by French developers’ (...)

Finance

"In France, we want to remain active across all asset classes"

Business Immo: You become Head of Investments in a particularly troubled climate for real estate investors. How does the current period influence your investment (...)

Logistics

As appetite for logistics grows, industrial and retail yields are converging - Savills

Industrial may have been historically the highest yielding sector of the three established commercial real estate sectors, but because investor demand for logistics has (...)

Territories

"I want to connect my term to the major underlying trends driving the real estate industry."

Business Immo: You have been active within ULI France for several years. Why this involvement? Sébastien Chemouny: I have been working for Allianz for ten (...)

Finance

Real estate transparency is progressing worldwide, but overall improvement is the weakest since GFC – JLL/LaSalle

Transparency is progressing across most countries and territories, but overall improvement is the weakest since the period directly following the Global Financial Crisis, reports (...)

Finance

Greater Paris office take-up drop 40% in H1 2020, French CRE investments down 20%

Over first half 2020, office take-up in the Greater Paris Region reached 667,500 sqm, according to new Immostat data, down 40% compared to H1 2019. (...)

Finance

French PropTech company Unlatch raises €5.2m, to expand into Spain and England

Having tripled its turnover and passed milestone of 200 developers having adopted its real estate sales digitising solution in 2019, French Proptech company Unlatch (...)

Retail

To house its second downtown Paris store, Ikea will pay €130m for 144 rue de Rivoli

Despite the current retail environment, IKEA clearly has no intention of revising its ambitions to set up operations in the heart of Paris. Not (...)

Finance

“There are important economic reasons to adopt an environmentally conscious approach to investing”

Over the last 10 years, Norges Bank Investment Management, the investment manager of Norway's giant Pension Fund Global, has built an unlisted real estate (...)

Housing

European multifamily investment activity is expected to remain strong in 2Q20 - Savills

Multifamily investment activity in the first quarter of 2020 approached €11.6bn in the 12 European markets monitored by Savills, the firm says in a (...)

Logistics

As e-commerce transforms the logistics sector, investors crave last mile assets – Aviva Investors

As e-commerce companies look to accelerate delivery times, the logistics sector is transforming, states a recent Aviva Investors study, with strong demand for “last (...)

Territories

France’s Acsan and Regional Partner merge to form Ancoris

French real estate operator Axtom today announced the acquisition of Regional Partner, a company working in the promotion of territories and business prospecting, and (...)

Green

Aiming for carbon neutrality, Frey will invest €35m in the French timber industry

French retail REIT/SIIC Frey presented yesterday a new CSR strategy, which should enable it to achieve greenhouse gas emission neutrality by 2030. To this (...)

Finance

With lockdowns easing, investments should resume in 2H20 - Savills

As the world is starting to get out of lockdown and a majority of countries are loosening restrictions, occupier demand has been the first (...)

Finance

“We can expect a lot of activity on Europe's CRE markets for the rest of the year”

Even though investors still had capital to deploy over the last few months, the Covid-19 pandemic led to a 40% drop in CRE investment (...)

Career

Amundi Immobilier: who to succeed Jean-Marc Coly?

According to BI sources, after more than five years at the head of Amundi Immobilier, Jean-Marc Coly, 62, is due to retire soon. His (...)

Office

Greater Paris take-up should drop significantly in 2020

One month after the end of lockdown, the impact of the coronavirus epidemic on the Greater Paris office sector is undeniable. According to JLL, (...)

Finance

“Why CIIAM is becoming Colliers Global Investors”

Eight months after taking over as head of Colliers International Investment & Asset Management (CIIAM), Arnaud Broussou, its chairman, and Grégoire Deramecourt, its managing (...)

Finance

"Pan-European real estate funds are caught in a vicious circle"

Faced with the economic and social changes brought about by the Covid-19 epidemic, pan-European real estate funds have to deal with many uncertainties, particularly (...)

Retail

Covid-19 further restrains Europe’s retail investment market – ULI Europe

In an update to its Reshaping Retail report published at the beginning of the year, ULI Europe revisited the current status of retail real (...)

Housing

France’s new home market collapses, but not because of Covid-19

Whether in terms of supply or demand, French housing development indicators are in the red in the first quarter of 2020, reports the developers’ (...)

Office

With demand for core European offices holding up, pricing remains somewhat stable... for now – UBS AM

After reaching a record high in 4Q19, surpassing the previous record by 30%, European office transactions will fall significantly in most markets in 2Q20, (...)

Retail

"A lot of retail projects in the pipeline today won’t see the light of day"

The development of new shopping centre space in Europe has been on the decline since the record 9 million sqm reached in 2008. According to Boris (...)

Finance

Global real estate AUM stands at €3.2tr, up 15.7% - INREV

Total real estate assets under management (AUM) stands at €3.2tr at the end of 2019, according to the ANREV/INREV/NCREIF Fund Manager Survey 2020, a (...)

Finance

Global real estate agencies withdraw from Expo Real 2020

Global real estate agencies Cushman & Wakefield, JLL, CBRE, Savills and Avison Young have canceled their participation in Expo Real, citing the risks associated (...)

Retail

Despite mediation, French landlords and retailers do not agree on rents

Following the mediation set up on 23 April by Minister Bruno Le Maire, France’s Ministry of the Economy and Finance announced the drafting of (...)

Retail

"Today's retail is more digital, but still as multichannel as ever"

The e-commerce activity of the Fnac-Darty group, which became its sole distribution channel for several weeks, doubled during the lockdown caused by the Covid-19 (...)

Office

France's Realiz3D adapts its space planning algorithm to Covid-19 restrictions

In response to the health issues faced by office users, owners and brokers during the resumption of their activities, French software editor Realiz3D has (...)

Finance

"Just because we’re forced to invest doesn’t mean we have to make mistakes"

Despite the disruption caused by Covid-19, Amundi Immobilier continued to invest during the spring with acquisitions in Barcelona and Warsaw. As several European countries (...)

Office

The City remains the world's leading business district, La Défense confirms attractiveness - EY/ULI

Despite the disruptions caused by Brexit, the City in London remains the world’s leading business district, according to the Global Business Districts Attractiveness Barometer 2020 (...)

Retail

"Health issues will change the design and organisation of companies"

To respond to the health risks caused by the Covid-19 epidemic, inspection and certification company Bureau Veritas is helping French REIT/SIIC Unibail-Rodamco-Westfield update its (...)

Housing

"The social toll caused by the lack of future projects points to an economic crisis"

After two months of lockdown, as the country begins its reopening this week, construction is gradually resuming in France. But the resumption of construction (...)

Finance

As lending standards tighten, a long-term CRE transformation is on the horizon – Scope

“The question is not whether the European commercial real estate sector will be affected by Covid-19 but how severely and for how long,” says (...)

Office

Savills IM buys Paris 8th's 35 Bassano for €40m

Savills Investment Management has announced the acquisition, on behalf of a foreign investor and as part of a sale and leaseback, of 35 rue (...)

Finance

"At this stage, Paris' real estate market is going through a difficult but not dramatic situation"

In the 2020 edition of their study Emerging Trends in Real Estate Europe, PwC and Urban Land Institute named Paris the most attractive city (...)

Finance

"Because demand will remain active, Socfim must accompany the supply recovery"

Although the slowdown in its activity has forced Socfim to review its 2020 plan, the BPCE banking group subsidiary is continuing its work with (...)

Retail

Hammerson says Orion does not intend to close £400m retail parks acquisition

UK retail REIT Hammerson was notified yesterday by Orion Capital Managers that the Paris-based real estate manager does not intend to complete its £400m (...)

Finance

"Despite coronavirus, we can expect a certain dynamism in the real estate sector in 2020"

When EY carried out its study forecasting the major trends that could influence real estate investment in France this year, the French players (listed (...)

Housing

During containment, coliving demonstrates its resilience (CFI)

According to a survey of British, German, French and Spanish managers and investors conducted by Crédit Foncier Immobilier (CFI), the occupancy rate of European (...)

Retail

French government appoints a mediator to conduct rent negotiations between landlords and retailers

France’s Minister of Economy and Finance Bruno Le Maire has appointed Jeanne-Marie Prost to lead the mediation on rents between landlords and retailers. “I have (...)

Territories

French government rectifies suspension of deadlines on building permits

In order to facilitate the continuity of activity in the construction, development and real estate sectors, the French government has reduced extensions of deadlines (...)

Retail

French government urges landlords to cancel 3 months' rent for closed small shops

The French government is asking large property owners to suspend for three months the collection of rents owed the rents owed by very small (...)

Finance

“In the current capital-constrained environment, having a significant amount of dry powder positions Blackbrook Capital quite well”

The onset of a global pandemic might seem like a bad time to launch an investment real estate investment firm. Yet, with €1bn of (...)

Finance

French state’s CDC posts €2.7bn earnings for 2019

French state financial institution Caisse des Dépots et Consignation (CDC) reported aggregated earnings for last year of €2,7bn, down from last year’s €3.3bn. The lower (...)

Finance

As Covid-19 spreads across Europe, long-term strategies will show more resilience – Aviva Investors

As the spread of Covid-19 continues and governments and policy-makers are adopting a myriad of measures to support the economy, Europe’s commercial real estate (...)

Housing

Can coliving and containment coexist?

At the end of 2019, a JLL report predicted that coliving across Europe would grow by more than 115% over the next two years. (...)

Listed

“CBo Territoria is approaching this crisis with caution, but also with confidence”

Business Immo: While publishing its results earlier this week, CBo Territoria announced it was ahead of schedule in its 2017-2021 strategic plan, which plans (...)

Housing

UK student housing leader Unite Students to forgo rent for students who choose to return home

Unite Students, UK's largest owner, manager and developer of purpose-built student housing, will offer to forgo rent for students who choose to return home (...)

Retail

UK commercial tenants protected from eviction until 30 June

The British government has announced that commercial tenants who cannot pay their rent because of COVID-19 will be protected from eviction. “These measures will mean (...)

Finance

"The real challenge for Constructa lies in the activity on the building sites and with the notaries"

The shutdown of building sites, the inability of notaries to meet clients physically, the closures of administrations delivering planning authorisations: numerous problems caused by (...)

Hospitality

"The hotel business will have to question itself and adapt, but it will not lose its relevance"

The Coronavirus epidemic is hitting the hotel industry hard due to containment measures and travel restrictions around the world. Extendam, a specialist investor in (...)

Finance

“We must take collective action and responsibility with a European vision”

In the face of the Covid-19 pandemic, governments are taking measures to slow the spread of the virus and try to support economic players. (...)

Finance

Covid-19 will impact European CRE markets in multiple ways – UBS AM

The impact of Covid-19 on the European real estate market will vary between countries, assets classes and risk strategies, according to a recent UBS (...)

Retail

Coronavirus: how France's retail sector apprehends the store closures

Faced with the temporary closure of places "non-essential" to the life of the nation, announced Saturday by Prime Minister Édouard Philippe, France’s retail sector (...)

Office

[VIDEO] With 22 Bishopsgate, AXA IM - RA redefines the London skyline

With 22 Bishopsgate, AXA Investment Managers - Real Assets is redefining the London skyline. But while the 278-meter high tower will overlook its City (...)

Office

France's BNP Paribas Real Estate is transforming its CRE development processes

French BNP Paribas’s Real Estate's Development division ended 2019 on a high note, with disposals in the last quarter exceeding €1bn. However, the Group (...)

Retail

Dutch Wereldhave prepares its exit from France

After conducting a thorough evaluation of its portfolio, Dutch shopping centre group Wereldhave decided to transform its shopping centres into "Full Service Centres", mixed-use (...)

Finance

“Paris is the World’s leading real estate market because of very attractive fundamentals”

Business Immo: What are your main takeaways from the global real estate investment market in 2019? Virginie Houzé: The global real estate investment market reached an (...)

Finance

With capital overflowing, where can CRE investors find returns?

Annual global private real estate fundraising exceeded $150bn for the first time in 2019, according to a recent study by London-based research firm Preqin, (...)

Listed

Paris-based Frey continues to upgrade its portfolio

Those who predict the death of physical retail probably haven't heard of French retail-focused REIT/SIIC Frey. With triple net EPRA NAV to €778.6m (+29%), (...)

Logistics

“There is a lot of appetite from US investors and managers to get exposure to European logistics”

After committing €122.5m to forward fund two Class A warehouses located in the cities of Réau and Brebières and acquiring an 18,857 sqm warehouse (...)

Hospitality

France’s Atream acquires a part of Germany’s Center Parcs Nordseeküste fo €11.8m

Paris-based independent asset manager Atream has acquired, for €11.8m, the hotel walls and recreational infrastructure of the Center Parcs Nordseeküste, in Germany, on behalf (...)

Housing

France's Nexity acquires 65% of German developer pantera AG

French developer Nexity has acquired 65% of Cologne-based residential developer pantera AG’s share capital, with the intention to develop its real estate services platform (...)

Logistics

US-based HMC and France's Foncière Magellan sell a 47,000 sqm French business parks portfolio

US investment firm Harbert Management Corporation and French investment and asset manager Foncière Magellan have confirmed the sale of a portfolio consisting of four French (...)

Finance

AXA IM - RA completes €13.7bn of transactions in 2019

Paris-based manager AXA Investment Managers - Real Assets has announced strong performance for 2019, having completed €13.7bn of transactions on behalf of clients and (...)

Housing

Paris luxury residential market continues to grow in Paris - Savills

The Parisian market for exceptional properties grew by 6.4% in 2019, compared with 4.5% the previous year, according to Savills’ Paris Luxury Residential Market (...)

Finance

France's Sofidy takes AMU to €6.2bn in 2019

Paris-based fund manager Sofidy has passed the €6.2bn mark in assets under management in 2019. It has collected €1.05bn for the year, a relative (...)

Finance

BNP Paribas Real Estate exceeds €1bn in revenues in 2019

In 2019, BNP Paribas Real Estate crossed the symbolic €1bn revenue mark for the first time, a year ahead of its objectives. “This success demonstrates (...)

Finance

Belgium’s Eaglestone Group expands its activities to France with acquisition of Interconstruction

As part of its expansion strategy, Brussels-based Eaglestone Group is preparing to expand its activities in France with the acquisition of French developer Interconstruction. “The (...)

Office

Advenis REIM pays over €25m for a 9,000 sqm office building in Gaimersheim

Paris-based investment manager Advenis Real Estate Investment Management (Advenis REIM) has acquired through its SCPI fund Eurovalys, invested mainly in Germany, a 9,153 sqm office (...)

Finance

Colonies concludes a new €180m financing round

French coliving operator Colonies is about to shift up a gear after the conclusion of a new €180m financing round with historical investors Idinvest Partners, Global (...)

Office

French commercial real estate hits record highs in 2019

To say the French commercial real estate market finished the year strong to beat its 2018 record would be an understatement. “A year-end rally (...)

Logistics

US Clarion Gramercy invests €134m in French logistics real estate

American logistics real estate investment fund manager Clarion Gramercy has committed to forward fund two Class A warehouses located in the cities of Réau (...)

Career

Prologis expands Cécile Tricault’s responsabilities to Southern Europe

Cécile Tricault, country manager of Prologis France, now also assumes the role of regional head of Prologis Southern Europe. Based in Paris, Cécile Tricault's mission (...)

Hospitality

After €550m Paris Westin buy, Henderson Park eyes more across Europe

Following its €550m acquisition of the Westin Paris-Vendome last year, its second luxury Paris hotel buy, private equity firm Henderson Park is looking for more across (...)