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Last update April 9, 2018 | Report an error

Josée Battistini

Chargée d'affaires

Claudine Baudère

Comptable générale

David Catelain

Directeur général

Audrey Cerati

Coordinatrice régie

Karine Coldeboeuf

Chargée de formation

Alexandre Foatelli

Journaliste web

Charlotte Geirnaert

Responsable conférences et formations

Emmanuelle Graffin

Architecte DPLG - Journaliste - Secrétaire de rédaction

Jean-François Grazi

Cofondateur - Associé

Pierre Guidou

Rédacteur graphiste, PAO

Sylvain Henry

Digital Manager

Anne Herlin

Secrétaire de rédaction

Olivier Monat

Agitateur du Club Innovation & Immobilier

Ève Montanari

Responsable abonnement et diffusion

François Oullion

Chargé d'affaires

Nadia Pereira

Comptable clients

François Perrigault

Chef des informations

Anaïs Piot

Responsable communication et événementiel

Valérie Prieur

Directrice commerciale et marketing

Ludovic Ricco

Journaliste

Sophie Roulet

Architecte DPLG - Designer - Journaliste

Sandra Roumi

Présidente

Estelle Santous

Journaliste rédactrice - Reporter d'images

Anaïs Sarazin

Community Manager

Allan Saunderson

Editor-in-Chief Business Immo Europe

Julien Tabourdeau

Chargé d'affaires

Gaël Thomas

Directeur de la rédaction

Mehdi Touazi

Journaliste web

Vanessa Tran

Coordinatrice conférences et formations

Office

Malaysian PNB, EPF pay £1.58bn for phase 2 of London’s Battersea project

Malaysia’s Permodalan Nasional Berhad (PNB) and The Employees Provident Fund Board (EPF) are to acquire the commercial assets in phase 2 of London’s Battersea Power Station development at a base purchase price of £1.58bn. Expected to complete in first quarter 2019, (...)

Housing

UK investors favour residential as alternative to retail - MSCI

Over a third of UK real estate investors see long-term residential investments as the best alternative to retail property if they move out of the troubled (...)

Office

Germany’s DWS pays €228m for Amsterdam Rivierstaete office asset

In the year's largest single asset deal the Netherlands, Germany's DWS, the asset manager of the Deutsche Bank group, has paid €227.7m to acquire the 30,000 sqm Rivierstaete office (...)

Office

US WeWork to open fifth Paris co-working space in Gecina building

US co-working giant WeWork will on 12 December officially open its fifth Paris location at 198 avenue de France in the 13th quarter, especially utilising the larger floor plates in (...)

Housing

Airbnb launches Backyard housing project to develop homes of the future

California-based Airbnb is creating a new firm, Backyard, which draws on its decade of experience in global lodgings to create news ways to design and build (...)

Housing

French railways to invest €3bn in new housing, refurbishments

ICF Habitat, the housing arm of French railway SNCF which this year sold off a €1.4bn portfolio in a landmark deal, aims to invest €3bn over the (...)

Listed

Brunswick and Allianz loan €150m to Sweden’s Atrium Ljungberg

Swedish investor Brunswick Real Estate and Allianz Real Estate have signed a €150m credit facility to finance investment grade rated Atrium Ljungberg, one of Sweden´s biggest (...)

Finance

Aberdeen Standard aims to double European AUM to €26bn

British fund manager Aberdeen Standard Investments aims to double European assets to €26bn by 2025 and will diversify in residential and logistics in western and northern (...)

Retail

French Black Friday weekend mall visits down 9% on fuel protests

Hindered across by blockades from the 'Yellow Jackets' fuel price rise protests, French mall visits fell 9% during Black Friday week-end, reports shopping centre council CNCC. The drop was even (...)

Office

Skanska invests €175m in Gothenburg Citygate project

Swedish developer Skanska has invested nearly €175m in the Citygate office project in Gothenburg, a 36-storey building that will offer a total GLA of around 42,000 (...)

Office

Norway's Norges pays €416m for Sanofi Paris headquarters

Norges Bank, the investment manager for Norway's giant Pension Fund Global, has signed on a €415.5m acquisition of the Paris headquarters of global pharmaceutical firm Sanofi. An arm (...)

Housing

Why we acquired the SNCF/Vesta housing portfolio

Swiss Life Asset Managers and Ampère Gestion, a unit of French state institution CdC, were revealed last month as winners of the largest French housing portfolio (...)

Housing

Primonial Luxembourg targets key European cities in housing strategy

French investment manager Primonial will focus its new Luxembourg-based housing fund on its home base Paris, plus Brussels, Amsterdam, Berlin, Frankfurt and Helsinki, Deputy CEO Laurent (...)

Office

Skanska invests €170m in Warsaw Generation Park project

Swedish developer Skanska has invested €170m in the third phase of the Generation Park office project in Warsaw, a 38-storey building that will offer a total (...)

Finance

Colony unit NorthStar Realty Europe considers sale

New York-listed REIT NorthStar Realty Europe, a Colony Capital affiliate focused on office properties in Europe, has announced that its board of directors is considering a (...)

Housing

Primonial Luxembourg in first new resi fund closing, investment

Primonial Luxembourg Real Estate, a firm set up by the Paris-based wealth manager to expand its European reach, has made the first closing of its core+ (...)

Housing

Dutch OCP in €400m sale of 1,400 Amsterdam housing units to CBRE GI

Dutch investment company Orange Capital Partners, in partnership with a US fund and the Silverfern Group, has sold some 1,400 Amsterdam residential units to CBRE Global (...)

Logistics

UK’s Segro exits Belgium with €83m warehouse sale

UK investor and developer Segro has exited the Belgian market with the sale of four warehouses totaling 92,500 sqm plus adjacent development land for €83.4m. The assets were sold (...)

Health / Senior

Dutch Bouwinvest commits €75m to French resi, healthcare projects

Dutch Bouwinvest Real Estate Investors has committed €75m to French residential and healthcare real estate projects as it seeks to expand its international assets to €4.3bn by 2020. The (...)

Listed

Dutch Wereldhave sells Helsinki mall for €450m, exits Finland

Netherlands listed shopping centre group Wereldhave has agreed to sell the 94,000 sqm Itis shopping centre in Helsinki to a fund advised by Morgan Stanley Real (...)

Finance

Real estate debt funds still a favoured source of capital - INREV

Real estate debt funds demonstrated a continuing strength this year, reported industry body INREV, as the 67 vehicles included its 2018 Debt Funds Universe report– eight more (...)

Office

Saudi Arabia’s Sedco Capital to invest up to €300m in European real estate

Saudi Arabia's Sedco Capital, which this week announced it invested €156m in three properties in Europe, one of which its first foray into France, aims to allocate up (...)

Office

"France is very focused on innovation"

Business Immo: How is French PropTech developing? Régis Chemouny: Investments in PropTech are expected to reach $ 20 billion worldwide in 2020, compared to $ 12 billion in 2017. (...)

Hospitality

UK’s EasyHotel to open 50 hotels in France, Germany, Spain

Business Immo: What is EasyHotel’s development plan for Europe ? Marc Vieilledent: At the time of its entry on the London Stock Exchange in 2014, EasyHotel had (...)

Territories

"La Défense is THE premier business district of Paris"

Business Immo: What makes La Défense different from other French business districts? Marie-Célie Guillaume: La Défense is THE premier business district of Paris. It is historically the (...)

Office

Hines’ new European value-add fund could invest up to €1.8bn

Live from Expo Real (Munich) - US-based Hines could invest up to €1.8bn in with its new value-add Hines European Value Fund, which recently raised equity (...)

Finance

Despite low Euro yields, value and returns should continue into 2019 - Colliers

Live from Expo Real (Munich) - Despite European real estate yields reaching cyclical lows, value and returns should continue into 2019 due to strong tenant expansion, (...)

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, whose new (...)

Office

10 biggest Paris deals in 2018’s first half

Live from Expo Real (Munich) - From the acquisition of Marché Saint-Honoré by CBRE Global Investors to Capital 8 by Invesco Real Estate, Business Immo invites (...)

Office

Thriving French regional office markets are heading towards a record year

Live from Expo Real (Munich) - France’s office sector may be dominated overwhelmingly by Paris and its suburbs, but its regional markets are thriving this year, (...)

Logistics

Prologis sells $1.1bn Europe, US portfolio to Asian buyer

US logistics property group Prologis has concluded the sale, for $1.1bn (€953m), of a portfolio totalling nearly 1.5m sqm of buildings and just over 58 ha. (...)

Housing

Invesco diversifies euro strategy with first resi acquisition, in Frankfurt

Investment manager Invesco Real Estate has acquired Mainwald, an upcoming 22,600 sqm residential complex in Frankfurt from LBBW Immobilien Development, the first housing asset it has (...)

Housing

27% of top French households aim to invest in real estate

Around 27% of the top-earning French households aim to invest in real estate in the next 12 months, says research firm Ipsos in a study conducted (...)

Logistics

Amazon said planning 121,000 sqm warehouse near Nantes

US-based global e-commerce giant Amazon continues its expansion in France, and is planning to establish a 121,000 sqm logistics platform near Nantes in the northwest, its (...)

Finance

Tishman Speyer launches €750m European value-added fund

New York-based global developer Tishman Speyer has announced the final closing of the fund Tishman Speyer European Real Estate Venture VIII with equity commitments of €750m, (...)

Finance

Germany’s iFunded in €4m financing to extend institutional investor offer

German digital real estate investment platform iFunded has announced a €4m pre-Series A round of financing to extend its offer to institutional investors and integrate blockchain technology. The financing (...)

Retail

"Moving toward a merger of Paris city and station"

Business Immo: What are the reasons behind this €1.2bn investment program in Paris stations? Patrick Ropert: In the Parisian stations we have a lot of catching up (...)

Retail

Paris Montparnasse in €150m facelift to merge rail with retail

Anticipating a near-doubling of traffic flows in Paris' Montparnasse train station by 2030, French rail operator SNCF, with developer Altarea Cogedim, is carrying out a €150m (...)

Housing

Spain’s Santander to sell 36k resi portfolio to Cerberus for €1.5bn

Spain's Banco Santander has reached agreement to sell US-based opportunity fund Cerberus a portfolio of 35,700 residential properties for over €1.54bn, representing 55% of its gross (...)

Housing

UK’s Aberdeen Standard invests €120m in Paris, Vienna resi projects

Britain's Aberdeen Standard Investments, created last year in a merger of insurer Standard Life and the manager Aberdeen, has invested €120m in residential projects in the (...)

Housing

French 2Q housing price growth slows to 2.8%yy - notaries/Insee

Second quarter price growth for existing housing in France slowed slightly to 2.8%yy from 2.9% in 1Q18 but the deceleration on a quarterly basis was more (...)

Logistics

European 1H logistics take-up, investment slow but hold at high level – BNPP RE

After record logistics take-up in Europe over the past three years, the market slowed by 14% in the first half of 2018 but still kept a (...)

Listed

France’s Unibail, post Westfield buy, boosts recurring 1H net 14% to €703m

Following takeover of Australian Westfield in June, Europe's largest REIT, giant mall group Unibail-Rodamco-Westfield, boosted first half recurring net profit 14.5% to €703m, with EPS up 7.3% to €6.16. Now the largest listed shopping centre group in the world, URW reported gross (...)

Office

US Goldman Sachs secures €1.3bn sale and leaseback of future London European HQ

US investment bank Goldman Sachs has entered into a binding agreement Korea’s National Pension Service for the sale and leaseback of Plumtree Court, its future 76 700 (...)

Logistics

Singapore's GLP closes two European logistics funds at €3.4bn

Singapore-listed Global Logistics Properties (GLP) announced the $4bn (€3.4bn) close of logistics funds GLP Europe Income Partners I (GLP EIP I) and GLP Europe Development Partners (...)

Health / Senior

Berlin's Deutsche Wohnen acquires 30 nursing facilities for €680m

Berlin's Deutsche Wohnen, Germany's second largest housing group managing 164,000 units has signed agreements to acquire 30 nursing properties totaling around 4,700 care places. The purchase (...)

Office

Germany’s Triuva acquires office scheme Junghof Plaza in Frankfurt for €400m

US investment manager PGIM Real Estate and Frankfurter Gewerbeimmobilien GmbH (FGI) confirmed the signing of an agreement with Germanys’s Triuva on the future sale of Junghof Plaza, (...)

Office

French Amundi buys the Polygon office building in Prague

Amundi Czech Republic (Amundi CR), whose sole shareholder is France’s Amundi, has acquired the company holding the Polygon office building in Prague on behalf of its (...)

Housing

Danish PFA acquires German portfolio for over €1bn

Danish pension fund PFA has acquired the Century portfolio from Frankfurt-based Industria Wohnen for a gross investment volume of more than €1bn. The portfolio comprises one commercial (...)

Finance

German Patrizia doubles operating income in 1H, increases 2018 guidance

German listed property group Patrizia Immobilien AG reported a 106,6% boost of its operating income in the 1st half of 2018, to €72.5m, and raised its (...)

Office

Savills IM acquires two office buildings in Warsaw for over €200m

In the largest such transaction in Poland this year, Luxemburg based developer HB Reavis has sold for over €200m two Warsaw office buildings totaling almost 53,000 sqm (...)

Housing

French developer LNC, Bressler's Aermont to acquire Rabo's BPD Marignan

French housing developer LNC has entered a joint venture with a fund run by the Aermont group, headed by Unibail founder Léon Bressler, to acquire developer BPD Marignan (...)

Finance

Venture capitalists invest $1bn in global ConTech startups in 1H

Venture capitalists invested a record $1.05bn in global construction technology (ConTech) startups in the first half of 2018, reports adviser JLL - up nearly 30% from (...)

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 (...)

Retail

"Carmila has the financial strength to be opportunistic"

French mall REIT Carmila, an affiliate of giant hypermarket chain Carrefour, raised EPRA earnings 12.2% to €104.1m in the first half. Its CEO Jacques Ehrmann told BIE (...)

Listed

French retailer Casino sells 15% of Mercialys unit for €213m

French supermarket chain Casino, under pressure to reduce debt, has raised €213m by selling 15% of listed unit Mercialys via an equity swap with a bank (...)

Listed

French mall REIT Klépierre boosts 1H net 7%, raises 2018 cash-flow guidance

French shopping centre REIT/SIIC Klépierre reported a near 7% rise in net income to €759.6m in first half. With net current cash-flow up 7.8 % to (...)

Health / Senior

France’s Icade boosts 1H earnings, guidance, eyes euro healthcare REIT

French REIT/SIIC Icade increased EPRA earnings from property investment by 6.9% to €155.9m in first half 2018, raised guidance for cash-flow, and said it aims to become the (...)

Listed

French REIT Altarea takes remaining 55% of historic building specialist

French REIT/SIIC Altarea Cogedim is acquiring the remaining 45% of historic buildings specialist Histoire & Patrimoine as it looks to strengthen its tailored offer to local communities wishing to (...)

Listed

After 1H rebranding, €1.7bn acquisitions, Covivio still has strong ambitions - Kullmann

French REIT/SIIC Covivio has had an eventful 2018 thus far, assuming a new identity and making a major move into the British hotel sector. Long-time CEO Christophe Kullmann (...)

Housing

Paris private housing rents rise 0.8% in 2017 - Olap

  Rents of private unfurnished housing in the Paris region rose 0.8% in 2017 from the prior year, according to the review body Olap. Rises have been dampened (...)

Office

Strengthening Paris office boosts 1H France investment to €12.5bn

Commercial property investment in France reached €12.5bn in first half, boosted by strengthening demand in Paris region office, says the ImmoStat group. BNP Paribas Real Estate forecasts €28bn (...)

Health / Senior

'Silver' asset class rising among investor preferences - Swiss Life AM

Healthcare and senior housing have appeared on investors' roadmaps, supplanting traditional types as institutions exploit ageing demographics seeking to lower risk, says Swiss Life Asset Managers' Beatrice Guedj in (...)

Housing

"We are targeting €1bn turnover in 2020"

Business Immo : What are your key figures respectively? Philippe Plaza: Eiffage Immobilier finished the year 2017 with a volume of 4,750 homes sold and a turnover of €845m, (...)

Office

Paris Gecina signs €775m office sales to help cut LTV below 40%

Paris office REIT/SIIC Gecina has signed €775m in sales pledges for buildings outside Paris acquired in the takeover of Eurosic which, once closed by year end, will take (...)

Housing

"Our ambition is to set in motion an entire sector"

Business Immo: With the Elan law, you take account of the failure of French housing policy for over decades. However you seem to be proposing identical (...)

Hospitality

French Covivio unit closes €300m capital raise to finance UK hotel buy

French hotel REIT Foncière des Murs, a unit of the Covivio group, has completed a capital increase to raise €300m and support the group's £858m (€976m) acquisition of a (...)

Finance

"We have replayed the transaction of the In/Out building with blockchain ..."

Business Immo: Can you introduce Olarchy? Michael Sigda, Cyrille Berthet and Antoine Yeretzian: Olarchy is a platform created by us three in 2018 that will allow real estate players to (...)

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 Europe, say (...)