Business Immo, the real estate website

Luc-Étienne Rouillard Lafond

Journaliste

Business Immo (Business Immo Group)

Press / School training

Last update April 9, 2018 | Report an error

Josée Battistini

Chargée d'affaires

Claudine Baudère

Comptable générale

Inès Beaugé

Journaliste

Steven Besnard

Chargé de projet en communication et événementiel

David Catelain

Directeur général

Audrey Cerati

Responsable régie

Karine Coldeboeuf

Chargée de formation

Sophie Distel

Responsable éditoriale

Mallaury Feuillard

Attachée commerciale

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

Product Owner

Anne Herlin

Secrétaire de rédaction - Iconographe

Aude Leperre

Directrice marketing et communication

Olivier Monat

Agitateur du Club Innovation & Immobilier

Ève Montanari

Responsable abonnement et diffusion

François Oullion

Chargé d'affaires

Nadia Pereira

Comptable clients

Anaïs Piot

Responsable communication et événementiel

Sophie Roulet

Architecte DPLG - Designer - Journaliste

Sandra Roumi

Présidente

Anaïs Sarazin

Community Manager

Julien Tabourdeau

Chargé d'affaires

Gaël Thomas

Directeur de la rédaction

Mehdi Touazi

Journaliste web

Vanessa Tran

Coordinatrice conférences et formations

Hubert Vialatte

Journaliste pigiste

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 (...)

Career

Marc Pietri, President of Constructa, has passed away

French developer Constructa has announced Friday the sudden death of President Marc Pietri at the age of 73. “The Board of Directors, the management team (...)

Finance

“The time is right for Yardi to open an office in Paris”

Business Immo:  What is Yardi proposing to the French real estate sector? Richard Gerritsen: We don't consider ourselves a software company anymore, but a technology (...)

Office

UK’s InfraRed and Paris-based Hemisphere sell Konect building in Saint-Ouen

London-based InfraRed Capital Partners and Paris-based Hemisphere have sold the 11,500 sqm Konect office building, in the Paris suburb of Saint-Ouen, to a structure (...)

Retail

Paris-based Eurazeo Patrimoine sells Aubervilliers' CIFA shopping centre to Mata Capital

Paris-based pan-European investment group Eurazeo Patrimoine has sold to French private equity group Mata Capital the CIFA, a 40,000 sqm wholesale shopping centre located (...)

Office

Ardian Real Estate acquires 7,000 sqm office building in Milan

Paris-based private investment group Ardian has acquired a 7,000 sqm building in Piazza Fidia 1, in Milan, from Generali Real Estate. The acquisition marks (...)

Office

Munich's MEAG acquires 41 Grenette office building in Lyon

Munich's MEAG has purchased the 41 Grenette office building, in Lyon, for its real estate special investment fund MEAG Euro Pro. The vendor of (...)

Office

BNP Paribas REIM buys the Kockelscheuer in Luxembourg from Grossfeld PAP

BNP Paribas REIM Luxembourg, on behalf of the Next Estate Income Fund III (NEIF III), has signed with Grossfeld PAP the sale of the (...)

Listed

French retail REIT Carmila raised net rental income 6.2% in 2019

Carmila, the retail REIT/SIIC controlled by France's giant Carrefour, increased net rental income by +6.2% to €333.2m, including organic growth of +3.1%. Recurring earnings (...)

Office

French Covivio to launch takeover offer for Godewind Immobilien

Paris-based REIT/SIIC Covivio announced its decision to launch a voluntary public takeover offer for all shares in Godewind Immobilien AG, a listed office property (...)

Finance

SCPI and retail OPCI funds collected €11.4bn in 2019 - Aspim/IEIF

French SCPI and retail OPCI funds collected €11.4bn in 2019, surpassing the previous record of 2017 (€10.4bn), according to Aspim-IEIF data. The investment volume (...)

Territories

Société du Grand Paris issues record €2.5bn green bond

Société du Grand Paris, the public body in charge of building the Grand Paris Express, issued its fourth green bond under its "Green Euro (...)

Office

Lille records second best take-up in history in 2019 - JLL

After a record year in 2018, Lille's office rental market remains very dynamic, with more than 264,000 sqm of office space marketed in 2019, (...)

Office

Crédit Suisse AM buys Inspira building in Issy-les-Moulineaux from GCI and Benson Elliot

Crédit Suisse Asset Management has acquired the 11,250 sqm Inspira office building, located in Issy-les-Moulineaux, from private Paris-based developer and investor Générale Continentale Investissements (...)

Finance

Patrizia completed nearly €1bn of transactions in France in 2019.

Patrizia AG carried out nearly €1bn of transactions in France in 2019, a significant increase in transaction volume compared to 2018. The German investor's (...)

Logistics

Round Hill Capital makes first investment in France with 5-assets logistics portfolio

Global investment company Round Hill Capital has announced that funds it advises have acquired a 5-assets logistics portfolio from French REIT/SIIC Société de la (...)

Office

Groupama Immobilier pays €38.5m for Paris 16th private mansion

Paris-based Groupama Immobilier has acquired, for €38,5m, a 2,600 sqm private mansion from the end of the 19th century on behalf of the SCI (...)

Logistics

Segro France reorganizes, creates two divisions

To continue growing its French portfolio, Segro France is reorganizing and strengthening its teams with the creation of two distinct divisions: urban distribution & (...)

Hospitality

Vinci Immobilier sells hotel part of To-Lyon tower

French developer Vinci Immobilier, in partnership with Paris-based developer Europequipements, has sold to Hôtel Athena Part-Dieu a 4-star hotel located in the base of (...)

Listed

French retail giant Klépierre grows 2019 cash-flow 6.7%

French retail property giant Klépierre raised net current cash flow per share i by 6.7% in 2019, at €2.82 and said it will propose (...)

Office

Diderot Real Estate sells Lumière portfolio for €42m

Paris-based private real estate company Diderot Real Estate, dedicated to investments in turnkey rental construction operations, a sold the Lumière portfolio, comprising 10 mixed-use (...)

Finance

Germany’s Patrizia acquires BrickVest

Germany’s Patrizia AG has acquired BrickVest, the London-based global digital investment platform founded in 2014 by French businessman Emmanuel Lumineau. The Augsburg-based listed investment manager (...)

Finance

Aviva Investors launches pan-European retail OPCI fund

London-based investment manager Aviva Investors today announced the launch of its first retail OPCI fund, Aviva Investors Experimmo, a new fund already boasting €170m (...)

Logistics

Ivanhoe Cambridge acquires French logistics portfolio Hub&Flow

Ivanhoe Cambridge, the real estate unit of Québec pension fund CDPQ, has acquired a 430,000 sqm logistics portfolio and the "Hub&Flow" brand from The Carlyle Group following (...)

Finance

Sparkling Q4 rescues 2019 European real estate investment volumes after lacklustre start – RCA

The second most active quarter on record lifted European real estate investment to only a slightly softer finish overall for 2019, after a dismal (...)

Retail

A very good year for France’s luxury retail market in 2019 - C&W

2019 was a very dynamic year for the French luxury retail market with more than 50 new openings, a 28% increase compared to 2018, (...)

Career

AEW appoints Xavier de Saqui de Sannes as Head of Institutional Asset Management France

AEW has appointed Xavier de Saqui de Sannes as Head of Asset Management for its institutional division in France. He will be based in (...)

Office

BNP Paribas REIM buys Deichtor Office Center in Hamburg

French manager BNP Paribas REIM has acquired from US investment manager Westbrook Partners, on behalf of its OPCI fund BNP Paribas Diversipierre, 22,000 sqm (...)

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 (...)