Business Immo, the real estate website

Allan Saunderson

Editor-in-Chief Business Immo Europe

Business Immo

Press - Edition / Training - School

Last update July 12, 2019 | Report an error

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+49 641 20916304

+49 172 6723938

asaunderson@businessimmo.eu

  • Editor-in-Chief Business Immo Europe chez Business Immo
  • +49 641 20916304
  • +49 172 6723938

Personal informations

Diploma(s)
  • 1972 : BA (Hons.) Russian Studies - The University of Manchester
Professionnal career
  • 11/2017 - ... : BUSINESS IMMO - Editor-in-Chief Business Immo Europe
  • 09/2015 - 09/2016 : PROPERTY INVESTOR EUROPE - PAGEANT MEDIA LTD - Editor Emeritus
  • 03/2005 - 08/2015 : PROPERTY INVESTOR EUROPE - Founder, Managing Editor
  • 01/1993 - 08/2002 : EUROZONE ADVISORS - Founder, Chairman
  • 01/1990 - 06/1992 : BANK JULIUS BAER (DEUTSCHLAND) AG - Head of European Research
  • 07/1988 - 12/1989 : REUTERS NEWS AGENCY - Chief Financial Correspondent, France
  • 09/1982 - 07/1988 : REUTERS NEWS AGENCY - Financial Correspondent

Contributors

Josée Battistini

Chargée d'affaires

Claudine Baudère

Comptable générale

Steven Besnard

Chargé de projet en communication et événementiel

David Catelain

Directeur général

Josée Battistini

Chargée d'affaires

Claudine Baudère

Comptable générale

Steven Besnard

Chargé de projet en communication et événementiel

David Catelain

Directeur général

Audrey Cerati

Coordinatrice régie

Karine Coldeboeuf

Chargée de formation

Sophie Distel

Responsable éditoriale

Mallaury Feuillard

Assistante 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

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

Anaïs Piot

Responsable communication et événementiel

Valérie Prieur

Directrice commerciale et marketing

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

Logistics

Barings' Italian logistics buy takes warehouse assets in nation to €600m

London-based investment manager Barings has added two prime logistics assets for an institutional investor in Milan, Italy, taking total industrial assets held in Europe to €600m.  “This (...)

Hospitality

AirBnb’s access to Paris 2024 Olympiad called outrageous

The decision by the International Olympic Committee to give AirBnb access to the Paris 2024 Olympiad is outrageous, a conference in Biarritz, France, heard this week. Hoteliers (...)

Housing

European house price growth seen strongest in Germany

House price increases among major European nations will be strongest in Germany going forward, followed by France, says Geneva-based bank Edmond de Rothschild. In a report for (...)

Finance

Current real estate allocation in main European nations is 11.2%

The current allocation by investing institutions to real estate in the main European nations stands at 11.2% of assets on average, significantly up on 8.1% for (...)

Finance

Australia's Cromwell supports European REIT in €625m refinancing

Australia's Cromwell has supported its Cromwell European REIT in raising €625m in unsecured debt refinance from a banking group, keeping leverage low, maturities long and costs (...)

Office

"Right now we have masses amounts of money targeted towards London"

Huge amounts of investment capital are targeting London city real estate, and the slowdown in development resulting from Brexit worries will worsen the shortage of new (...)

Retail

After 15 years, €750m investment, Paris's iconic Samaritaine set to reopen

Fifteen years after closure, Paris’s iconic department store La Samaritaine is set to come back to life next April as a complex of stores, hotels and (...)

Listed

Aroundtown, TLG to form one of Europe's three biggest property firms, with €25bn AUM

Two of Europe's largest commercial property groups, Aroundtown and TLG, are to merge into the largest firm of its kind and one of the three biggest (...)

Housing

German property prices rising but growth is slowing - Pfandbrief Banks

German real estate prices continue to point in only one direction: upwards, says the Association of German Pfandbrief Banks (vdp). But growth momentum is slowing continuously. In (...)

Health / Senior

French REIT Icade buys Nantes Confluent hospital valued at €194m

Icade Santé, part of the French REIT/SIIC, has agreed with private Vivalto Santé to acquire the Confluent Group which owns the Confluent private hospital in Nantes, (...)

Housing

Catella's 3rd Euro Resi fund beats €100m with German, NL acquisitions

Berlin-based Catella Residential Investment Management has acquired three projects in Germany and Netherlands for €65m, taking total investment for the Catella European Residential Fund lll over (...)

Housing

German Vonovia to publish full offer for Swedish Hembla in €1.2bn deal

Germany's Vonovia expects to publish its mandatory public offer for all shares in Swedish housing firm Hembla this month after it won official clearance for the (...)

Housing

Polish housing becoming increasingly attractive for institutional investors

Polish housing is becoming increasingly attractive for institutional investors, with economic factors improving, and yields well outstripping western Europe, say three leading market players. A study made (...)

Finance

Powerhouse Habitat wins €560m BNP Paribas, Natixis facility

French residential REIT/SIIC Powerhouse Habitat has won a €560m eight-year senior mortgage financing arranged and underwritten by domestic banks BNP Paribas and Natixis. This financing includes a (...)

Hospitality

Student Hotel secures €82m 'green' lending for Toulouse, Paris projects

Amsterdam-based hospitality group, The Student Hotel, has secured €82m for two new hotel projects in Paris and Toulouse through an innovative ESG 'green' financing structure. The facility (...)

Listed

Sweden's Hemfosa recommends €2.20bn takeover bid from rival

Swedish real estate firm Hemfosa has unanimously recommended that its shareholders accept a public takeover bid from rival SBB launched late last week, valuing it at (...)

Finance

German Trei Real Estate wins €70m innovative mixed financing

Germany's Trei Real Estate, an owner of residential and retail real estate, has won an unsecured loan of €70m from a major German real estate lender. The (...)

Hospitality

French senior housing fund Pierval Santé moves into Portugal

French SCPI senior housing fund Pierval Santé, after establishing itself in France and Germany and then Ireland, is now moving into Portugal. Fund manager Euryale Asset Management said the (...)

Retail

Dutch Redevco commits to Net Zero Carbon portfolio by 2040

Private European retail real estate investment manager Redevco has committed to making its entire portfolio net zero carbon by 2040, aligning with the World Green Building Council. In a (...)

Retail

European retail investment slips 25% to €41bn, but headed for renaissance - BNPPRE

European retail property investment slid 25% to €41bn in the last 12 months, but is headed for a renaissance after yields in other sectors have fallen, (...)

Office

RFR, Signa jointly acquire Frankfurt, Rotterdam portfolio from Allianz

Two of Europe's most powerful private real estate groups, Austria's Signa and New York-based RFR are jointly acquiring a top-end office/retail portfolio from Allianz Real Estate. In (...)

Finance

French Apsys wins €300m 10yr Allianz senior loan to refinance Poznan mall

French shopping centre group Apsys has won a €300m 10-year senior loan from Allianz to refinance its Polish shopping centre Posnania in Poznan, taking ownership up to 100%. "The completion of this €300m refinancing (...)

Logistics

US e-carmaker Tesla's first European factory to be located in Berlin

The German capital region of Berlin will be the location of the first European factory for US-based electric carmaker Tesla, the group's founder Elon Musk says. Speaking (...)

Hospitality

Sweden's Pandox eyes €262m in fresh equity, buys in Nuremberg

Swedish listed hotel firm Pandox has won €206m in commitments for up to €262m in fresh equity to help expand its portfolio, and also announced a €61m German (...)

Hospitality

Hamburg's Otto family takes 25% in Ruby Hotels, eyes retail conversions

Hamburg's Otto family, a major retail developer in Europe, has taken a 25% share in the seven-unit Ruby Hotel group, eyeing potential conversions of downtown assets (...)

Logistics

Principal launches €800m long-income Euro real estate fund, buys in Amsterdam

UK-based Principal Real Estate Europe has launched its first long-income-focused European real estate fund, targeting €800m in the initial five years, and acquired its first asset. The (...)

Listed

Austria's CA Immo sells 4m Immofinanz shares for €111m

Austria's CA Immobilien has disposed of just over 4m shares in Austrian peer Immofinanz, around 4.0% of the latter's equity, worth an aggregate value of around (...)

Retail

UK’s Pradera opens French office, names Yarhi director

London-headquartered shopping centre specialist Pradera is opening a French office and has appointed former Redevco executive Joëlle Yarhi as director to expand French activities. Yarhi will be (...)

Office

French Gecina, in asset rejig, adds Paris office for €306m, sells for €238m

In a further portfolio rejig, French REIT Gecina is buying the 34,000 sqm Carreau de Neuilly building in Paris for €306m and selling two fully-let office (...)

Hospitality

Commerz Real sells Berlin's 5-Star Hotel de Rome to Caleus, GIC

In an off-market transaction Commerz Real has sold Hotel de Rome in Berlin to Caleus Capital Partners, an investment partnership of Caleus and Singapore sovereign wealth (...)

Retail

Macron drops support for Europacity retail/leisure megaproject north of Paris

French President Emmanuel Macron has dropped support for the Europacity megacomplex of leisure and shopping facilities north of Paris, which he now considers outdated. Confirming information from the newspaper (...)

Logistics

Tristan buys first two Dutch assets for €150m logistics platform

London-based real estate investment manager Tristan has acquired two Dutch warehouses in a first step towards assembling a logistics platform of at least €150m in value. Working (...)

Housing

US PGIM, Germany's DeWAG acquire Frankfurt-Sachsenhausen resi complex

US investment manager PGIM, together with the German DeWAG group, has acquired a residential complex in Frankfurt-Sachsenhausen holding 382 units. The seller is a family office from Munich, and DeWAG said (...)

Housing

German Patrizia buys in Denmark to take residential AUM to €9.8bn

German listed real estate manager Patrizia has acquired a further residential asset in Danish capital Copenhagen, taking total housing assets under management to some €9.8bn.  The sellers (...)

Hospitality

French Gecina finalises €181m hotel sale with Angelo Gordon, EQ Group

Paris-based REIT/SIIC Gecina has finalised the sale of a French hotel portfolio to Angelo Gordon and the EQ Group, based on a valuation of €181m. This portfolio (...)

Housing

Swiss Life AM launches European Living mutual fund distributed by Deka

Swiss Life Asset Managers has launched the open-ended mutual property fund Swiss Life REF (DE) European Living to be distributed by Deka Bank, aiming for a (...)

Listed

Berlin's TLG boosts 9mth portfolio 11.5% to €4.6bn amid Aroundtown merger

Berlin's TLG Immobilien boosted the value of its properties by 11.5% in the first nine months to €4.58bn, and reiterated that its merger with larger peer (...)

Housing

Home prices in Spain moderate to av. 3.8%yy in October - Tinsa

House prices in Spain moderated in October to an average 3.8%yy as against 4.8% in September, and holding up best in the Balearic and Canary Island, (...)

Housing

New Berlin rental cap, taking effect in February, said facing many legal challenges

The new Berlin rental cap, due to take effect from February, is likely to face many legal challenges as being unconstitutional under state or federal laws, (...)

Finance

European 3Q property demand positive; rents rising, yields falling again

European real estate demand held positive in third quarter, bringing positive rental growth and further yield compression, says adviser Cushman and Wakefield. In its latest DNA of (...)

Listed

Spanish REIT Arima wins €60m equity offer from Canada's Ivanhoé

Amid a growing trend for private capital to buy into listed real estate, Spain's REIT/SOCIMI Arima has won a €60m subscription offer from Canada's Ivanhoé Cambridge. Arima, (...)

Hospitality

China's Huazhu group in €700m takeover of Germany's Steigenberger Hotels

In a further sign of strong demand from Asia for European real estate, the Chinese hotel group Huazhu is paying around €700m to take over Germany's Steigenberger Hotels. A statement from (...)

Hospitality

Commerz holds fast buying pace with €162m S-L for Düsseldorf's Hotel Maritim

Commerzbank's property unit Commerz Real is maintaining its fast pace of acquisitions, paying €162m in a sale-leaseback for Hotel Maritim in Düsseldorf's Airport City.  The purchase, involving a 30 (...)

Finance

Institutions to invest more in infrastructure, renewable energies - survey

Institutional investors plan to significantly expand holdings in infrastructure and renewable energies in the coming three years, says a new study by Germany's Commerz Real.  Made in conjunction with (...)

Office

Germany's Deka adds office/retail in Rotterdam Forum for €64m

Deka Immobilien, part of Germany's savings bank system, has acquired a core-renovated historical office and retail property in the heart of Rotterdam for €64m. Sold by Dutch (...)

Finance

Paris edges London in 3Q19 Europe’s property investment - RCA

A strong 3Q19 performance by real estate in Paris edged the French capital ahead of Brexit-battered London in European volume for the first time and prevented (...)

Office

Hines pays over €160m for Berlin's Atrium Charlottenburg office for fund

US real estate group Hines, acting on behalf of the Hines European Value Fund, has acquired the Atrium Charlottenburg office building in Berlin, for over €160m.  The (...)

Office

Internet giant Google to add 41,000 sqm in Munich after Postpalast buy

US internet giant Google, massively expanding its Munich presence around data protection, has added the site of the Postpalast where it aims to develop office space. Around 41,000 SQM (...)

Housing

Invesco forward-funds Danish resi project as institutional demand grows

US-based Invesco Real Estate is to forward-fund a residential development in Denmark, its second deal in the nation, as institutional demand for housing grows. The asset, Bryggens Bastion, comprises (...)

Listed

Listed CEE office investor Globalworth adds Poland office projects for €185m

Listed CEE office investor Globalworth has signed to purchase two office developments in Poland, in Warsaw and Krakow, for a maximum price of €185m. Chmielna 89 is a 14-storey office (...)

Housing

AXA-IMRA acquires Oaktree's French student housing group Kley

Paris-based AXA-IMRA has, for an unknown sum, acquired the Kley Group, an operator of student housing across France. Vendor was its founder. California's Oaktree Capital Management. Oaktree said Kley is one of (...)

Finance

Allianz Real Estate appoints Megan Walters as Global Head of Research

Allianz Real Estate, the €67.1bn real estate investment and asset manager of Germany's Allianz insurance group, has appointed Megan Walters as Global Head of Research. The appointment (...)

Finance

French RE investor interest rising for value-add strategies, US

Nearly two-thirds of French real estate investors in 3Q19, up 20%yy, were focused on value-add strategies and remained keenest, albeit slightly less so, on the UK, (...)

Listed

Frankfurt's DIC Asset stock price up 10% after 9mth FFO jumps 40% to €66m

Frankfurt's DIC Asset stock price soared 10% to €12.50 after 9mth FFO jumped 40% to €65.5m following integration of the affiliated GEG group - and has raised guidance (...)

Finance

Apax said seeking €800m for Spain's Idealista property valuer

British venture capital fund Apax Partners is said to be seeking a buyer for its Spanish property valuer Idealista, aiming at more than four times its €150m (...)

Logistics

German warehouse demand vulnerable to slowdown, but not happening yet

Demand for German warehouse space will be hit by the economic slowdown, but this is not happening yet and 2019 take-up should fall just short of (...)

Finance

Euro 1H property investment down 16% as prices drag on volumes

Total European property investment dipped 16% in 1H19 to €111bn, 2% below the long-term average as prices become a drag on activities, says adviser Savills. In two-thirds (...)

Finance

Swiss Life AM unveils European Thematic Income & Growth Fund

Swiss Life Asset Managers has launched the European Thematic Income & Growth Fund, a Luxembourg SICAV aimed at a diversified core/core-plus strategy, mainly for institutions. In a (...)

Retail

French 3Q retail property pick-up signals 2019 set to beat 2018's €4.7bn

Retail property investment in France picked up in third quarter and the year could end with higher turnover than 2018's €4.7bn, says adviser Cushman and Wakefield. "We (...)

Office

Commerz Real, Wertgrund add Munich resi on way to €2bn Hausinvest goal

Germany's Commerz Real and Wertgrund have made their third housing purchase on the way to the targeted €2bn of resi out of the total €15bn in the Hausinvest (...)

Housing

German house prices accelerate to 10%yy in September but still show signs of slowing

German house prices accelerated again in September to nearly 10%yy, but showed signs of slowing as the monthly rise slipped to 0.78% from 0.91%, according to (...)

Hospitality

Sweden's Pandox pays €83m for two hotels in Netherlands, Germany

Sweden's Pandox has paid €83m to acquire two hotel properties - in the Dutch city of The Hague and Germany's Hannover - with a combined total of 421 (...)

Finance

Spanish Alantra's real estate debt fund targets up to €150m

Madrid-based property group Alantra is launching a new debt fund with a minimum target size of €100m and maximum of €150m. The vehicle will offer loans of between (...)

Listed

Pecik, Ketterer buy 10% in Vienna's S IMMO, amid merger talks with Immofinanz

Two Austrian and Swiss investors Ronny Pecik and Norbert Ketterer have acquired a 10% shareholding in S IMMO amid the Vienna firm’s merger talks with peer Immofinanz. S IMMO confirmed to (...)

Listed

€25bn property mega-merger looms as Aroundtown agrees bid basis for TLG

A €25bn European real estate mega-merger is looming after Luxembourg's Aroundtown won approval for a takeover bid for Berlin's TLG to create a firm with over (...)

Office

German prime office prices surge to 3.9%qq in third quarter

Prices of office properties in Germany's five largest cities surged by 3.9%qq in third quarter, nearly quadrupling the velocity of 2Q19, according to JLL's Victor Prime (...)

Housing

3Q home sales rise 6%qq to 16,100 in six largest Polish cities

Housing developers in the six largest cities in Poland sold 16,100 units in 3Q19, up 6% from 2Q19, says JLL. A late boom in Poznań and (...)

Office

H.I.G. Capital adds 29,000 sqm office project in Lyon, seeks more

US-based H.I.G. Capital has acquired an office development totaling some 29,000 sqm GLA in France’s second city Lyon, already 70% pre-let, and is seeking more assets (...)

Housing

Paris luxury resi prices to overtake London by 2022 as no-deal Brexit threatens

Paris prices of luxury residential property are likely to overtake London's by 2022, says agent Cordwell Banker, with the UK capital open to a 30% drop (...)

Hospitality

ActivumSG appoints Spanish hotels’ head to grow €500m portfolio

Jersey-based ActivumSG has named Luis Miguel Martín as MD charged with growing its Spanish hotel portfolio beyond its five initial investments valued at around €500m. ASG funds (...)

Listed

Paris-based Orion raises stake in Spanish Neinor Homes to 27%, joins board

Paris-based opportunity real estate manager Orion Capital Managers is now the senior shareholder in listed Spanish housing developer Neinor Homes at 27%, and is joining the (...)

Finance

Hines creates new mgmt structure to strengthen institutional, retail business

US giant Hines is creating a new investment management structure to strengthens its ability to develop, acquire and operate the best assets in partnership with institutional (...)

Finance

Australia's Cromwell exercises rights in €600m Polish fund

Australia's Cromwell has exercised its pre-emptive rights to acquire a third-party investor interest in the Polish Retail Fund that it bought in 2013. No price was (...)

Housing

French timber housing specialist Woodeum signs on Paris La Défense project

French timber housing specialist Woodeum and Paris La Défense have signed a sales contract for land in Les Groues, earmarked for 93 housing units, plus office (...)

Office

Exxon pre-letting of GTC's Budapest office project highlights surging CEE demand

In a sign of surging demand for modern central European office space, Warsaw-listed GTC has pre-rented 95% of 29,000 sqm GLA in a Budapest project for (...)

Retail

Plagued by controversy, Paris Gare du Nord rejig plans to be reviewed

Plagued by controversy, €600m project plans to renovate the Paris Gare du Nord northern station are to be be resubmitted to the study process, says the (...)

Office

European office rents rise 0.5%qq in 3Q19 but activity slowing – JLL clock

European office rents rose 0.5%qq in 3Q19, but economic activity has slowed, with eight of 24 major markets rising as against 11 in 2Q19, JLL's EMEA (...)

Office

Singapore’s GIC confirms BI report of Paris PB6 tower buy, said at €550m

Singapore’s sovereign wealth fund GIC has confirmed its purchase of the 60,000 sqm Paris La Défense PB6 tower, which BI sources in September said they expected (...)

Office

CBRE GI adds 4,370 sqm office asset in Paris's 11th quarter seeing rental upside

CBRE Global Investors has completed the acquisition, on behalf of a client, of a 4,370 sqm office building in the 11th quarter of Paris, which it (...)

Housing

Corestate extends Spain micro-living to €230m with Barcelona asset

Frankfurt-listed investment manager Corestate is developing another micro- living project in Spain to take its total strategy investment in the nation to €230m for six properties. The (...)

Listed

Hungary's Wing to take majority 56% of Polish developer Echo for €268m

Private Hungarian investor and developer Wing has signed an agreement to acquire a majority 56% stake in Polish developer Echo Investment, paying around €268m. The deal was (...)

Finance

New CBRE/BI French real estate user confidence index shows optimism on activity

In the first edition of a French real estate user confidence index produced by CBRE in conjunction with Business Immo, 76% of the respondents expressed optimism (...)

Logistics

European 3Q logistics demand strong, with supply chain rejig a top priority

Demand for European logistics property in 3Q19 remained healthy, with supply chain reconfiguration a top priority, says Prologis Europe, the region's largest warehouse group. Hot spots for (...)

Listed

Corestate says business plan 2019 is on track after 16% share price slide

Frankfurt-listed Corestate Capital has reiterated that its business plan 2019 is on track, following a 16% slide in its share price late Wednesday. In a statement, the (...)

Office

Germany's KanAm purchases 3,750 sqm Mogador property in Paris

Germany' KanAm Grund Group has purchased the Mogador property in Paris, a fully-let office and retail building in the 9th quarter of Paris for an institutional (...)

Housing

Catella wins first intl. commitment at €40m from France’s Primonial for resi fund

Berlin-based Catella REIM's CER III Fund, which had its first close in July, has attracted its first commitment from outside Germany with €40m from France’s Primonial (...)

Office

Munich's HVB said eyeing €1.2bn sale of headquarters campus

Munich's Hypovereinsbank has begun a sales process worth up to €1.2bn of its Tucherpark office campus in the Bavarian capital, specialist news service Thomas Daily is (...)

Listed

After logistics sale, Spain's Colonial analysing assets worth €1bn

Spanish REIT/SOCIMI Colonial, fresh from the €425m sale of its logistics portfolio, aims to continue expanding in office and is now analysing some €1bn in assets for potential purchase. In (...)

Finance

German property investment, at €43bn in first 9mths, 2019 set for record

German property investment reached almost €43.4bn in the first nine months of 2019, with €18.5bn in 3Q19 alone, and looks set to hit a record €65bn (...)

Listed

French REIT Argan acquires fund with 22 logistics assets worth €898m

French REIT/SIIC Argan has finalised the acquisition from Carrefour and institutional investors of the SCI Cargo fund holding 22 logistics assets at a value of €898m. In accordance with (...)

Office

US-based Invesco acquires 9,400 sqm Palazzo Turati in Milan, Italy

Global investment manager Invesco Real Estate has acquired the 9.400 sqm Palazzo Turati in Milan, Italy, located at Via Meravigli 7 in the city's central business district. Giving no financial details, (...)

Office

Hamburg's Warburg-HIH acquires parts of Frankfurt Docks at 96% occupancy

Hamburg's Warburg-HIH Invest Real Estate has acquired parts of a new office development in Frankfurt called The Docks near the European Central Bank, with occupancy at around (...)

Office

Luxembourg's CPI to acquire over €800m Polish office assets by March

Luxembourg-headquartered CPI Property Group, which invests in office in Berlin and central Europe, expects to acquire over €800m in Polish assets this quarter and next. In a (...)

Housing

Spain's housing sales show sharp slowdown, with August slipping 21%yy

Spain's housing market is showing a significant slowdown for the late summer, with August sales down no less than 21.1% compared to the same month in (...)

Listed

Fmr conwert CEO Kowar raises stake in German Eyemaxx to 15%

Johann Kowar, founder and long-time CEO of Austrian property group conwert, has raised his stake in small listed German firm Eyemaxx Real Estate to 15% from 12.76%. Based in (...)

Office

Germany's Patrizia enters strategic partnership with WiredScore

Germany's listed property investment manager Patrizia has made a strategic investment in US-based WiredScore, the global rating scheme for digital connectivity across real estate. Founded in 2013, the proptech is (...)

Retail

Paris Gare du Nord wins green light for controversial €600m renovation

Paris Gare du Nord’s €600m renovation project has received a green light for its controversial commercial components, even if opponents are not yet admitting defeat.  Over the (...)

Hospitality

EBRD launches financing strategy focused on sustainable, inclusive tourism

East Europe development bank EBRD is launching a new sector financing strategy for 2020-2024, focused on sustainable and inclusive tourism. The strategy will concentrate on green buildings, (...)

Hospitality

Irish Staycity opens first aparthotel in Berlin, starting €700m European expansion

Dublin-based Staycity aparthotels group is opening its first German property in Berlin as it starts a European expansion focused on Germany, expected to exceed €700m. The asset will (...)

Finance

Six months after Paris Notre-Dame fire, donations are coming in, should reach €800m

Six months after the fire that severely damaged Paris Notre-Dame cathedral, promised donations are finally coming in, and are likely to reach €800m, below the €1bn (...)

Finance

Philippe Le Trung joins iread as senior advisor

Philippe Le Trung has joined iread as a senior advisor, responsible for developing Europe-wide expertise in the listed real estate sector. Philippe Le Trung, aged 49, is (...)

Office

L'Oréal's ambitious roadmap for 40m sqm of properties in 70 countries

Three years after joining France's global beauty products group L'Oréal, Frédéric Ciuntu has structured his real estate division as a property firm to ensure professional management of its (...)

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 (...)

Office

"Prime yields on offices in Paris CBD have reached a floor"

Live from Simi (Paris) –Prime yields on Paris central business district office investments have reached a floor, say Carine Dassé, vice-president of MSCI Real Estate France, (...)