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Allan Saunderson

Editor-in-Chief Business Immo Europe

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Last update January 19, 2018 | Report an error

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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

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

Anaïs Piot

Responsable communication et événementiel

Valérie Prieur

Directrice commerciale et marketing

Ludovic Ricco

Journaliste

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

Listed

Portugal finally introduces REIT legislation, to be called SIGI

After years of delay, Portugal has announced introduction of REIT status in line with regimes around Europe – to be called a SIGI (Sociedades de Investimento (...)

Office

Spain's Merlin adds two new office buildings in Lisbon for €112m

Spanish REIT/SOCIMI Merlin Properties has paid €112.2m at a 5.4% yield to acquire the Art and TFM office buildings in Lisbon, expanding its footprint the Portuguese (...)

Office

German pension plans pay €140m for Cologne's Wallarkaden project

Hamburg-based developer Momeni has made a €140m forward sale of its Wallarkaden retail and office block in Cologne to a consortium of domestic pension plans. The project (...)

Finance

Polish 2018 CRE investment surges 45% to record €7.2bn - Savills

Commercial real estate investment in Poland surged 45% last year to an all-time record of over €7.2bn, comprising more than 100 transactions, according to international adviser (...)

Office

AXA IMRA acquires TechnoCampus in Berlin Siemensstadt for clients

AXA Investment Managers-Real Assets said it has acquired on behalf of clients, TechnoCampus, an office project which comprises part of Siemensstadt in the Spandau district of (...)

Logistics

Eight new corridors to define Euro logistics as volumes rise, EU expands - C&W

Eight new corridors will define European future logistics routes as the Blue Banana corridor from the Benelux to northern Italy transforms into multiple corridors in response (...)

Finance

Europa Capital targets urbanisation trend in resi, office for €1.3bn deals

UK-based Europa Capital was a net seller from value-add funds in 2018, leveraging strong investor interest for stabilised office and residential assets in an urbanisation trend (...)

Office

LaSalle adds ElseBella office portfolio in Munich for €169m

LaSalle Investment Management has paid €169m to acquire two office properties in Munich on behalf of the LaSalle Encore+ Pan European Fund. Seller is AXA Investment. ElseBella comprises (...)

Finance

Spanish 2018 RE investment rises 8% to €11.6bn - BNP Paribas RE

Spanish real estate investment rose 8% last year to €11.63bn but, adding in corporate operations, soared as high as €19bn, according to international adviser BNP Paribas (...)

Housing

French CDC's Ampère raises €900m commitments for new housing fund

French Ampère Gestion, part of French state financier CdC which led the first-ever takeover of a public sector housing portfolio last summer for €1.4bn, has raised €906m in (...)

Finance

Real estate fund allocations rise to 10% as investors close on targets

Average real estate fund allocations rose last year to 10.0% from 8.9% while targets climbed to 10.4% from 10.2% narrowing the gap for the first time, (...)

Office

GEG's Höller sees Frankfurt office market, helped by Brexit, staying stable

Frankfurt has become a major German real estate location, taking some €10bn of the national €60bn investment last year, of which Brexit sparked probably €1.5bn, says (...)

Logistics

Norway's Pareto said paying €61m for Greater Oslo logistics package

Norwegian investment manager Pareto has acquired a portfolio of logistics assets in the Greater Oslo region for a price said at around €61m. Pareto said the portfolio (...)

Housing

German 2018 resi investment slips to €15bn but notable for first-time buyers

German residential investment slipped by a modest 3%yy to €15.1bn last year, and was marked by the entry of several first-time buyers, says adviser Savills. Despite the (...)

Retail

US Madison in further Norway investment with Oslo Bjørvika urban project

New York-based Madison International Realty is to make a further large investment in Norway, acquiring 38,000 sqm of assets in Bjørvika, a development in Oslo centre (...)

Logistics

Spain's Azora, CBRE said launching €250m last-mile logistics firm

Azora, the Madrid property manager which developed and then sold one of Spain' largest REITs, has launched a firm with CBRE to invest €250m in last-mile (...)

Retail

Austrian Signa adds Hamburg's Gänsemarktpassage; price said at €120m

Austria's Signa Group has acquired the the Gänsemarktpassage in Hamburg for partial redevelopment into a mixed-used complex for a price said to be close to €120m. The (...)

Office

BNPP REIM's NEIF fund enters Spain with Barcelona buy, said at €60m

BNP Paribas REIM has acquired the District 38 office property in Barcelona, entering Spain with its advised NEIF III fund at a price said by local (...)

Office

BNP Paribas REIM adds Nanterre Neon office to take fund to €573m invested

BNP Paribas REIM France has purchased the Neon office asset in Nanterre west of Paris for its Accimmo Pierre SCPI fund and said this rounded off (...)

Housing

Spanish home prices rise 5.8%yy through fourth quarter 2018 - Tinsa

Prices of Spanish new and resale homes were 5.8% higher in fourth quarter 2018 than in 4Q17, according to provisional data from valuation group Tinsa. The Tinsa (...)

Finance

Greater Paris 2018 real estate investment surges 19% to €23bn - Immostat

Greater Paris commercial real estate investment surged by no less than 19% last year to €23.1bn, though office take-up slid by 5% to just over 2.5m (...)

Office

AEW adds Frankfurt Niederrad Quadra tower from Deka

Property investment manager AEW has acquired the 10,000 sqm Quadra office tower in Frankfurt's Niederrad from Deka Immobilien at a price said by specialists to be (...)

Housing

Alternative residential plus logistics poised to perform well this year - Nuveen

European alternative real estate sectors such as student and other 'Living' sectors are poised, alongside logistics, to perform well in 2019 despite political noise in many (...)

Finance

Japanese to boost foreign RE investments, focus more on Europe, Australia

Japanese institutions are likely to increase real estate investments overseas in 2019, and more are shifting away from the US to focus more on gateway cities (...)

Finance

IPSX property exchange wins UK approval, expects first European asset IPOs soon

IPSX, a private London-based stock exchange aimed at European REIT listings for single property assets and portfolios, has received approval from the UK's FCA. It expects first (...)

Retail

Spain's El Corte Inglés said selling up to €2bn of non-core real estate

Spain's largest department store chain El Corte Inglés is reported to be preparing a sale of some 130 non-strategic properties, valued at up to €2bn, which do not (...)

Retail

Savills, seeing retail merging with logistics, launches Omnichannel Retail team

Savills is expanding its client offering to include a dedicated Omnichannel Retail team combining retail and logistics expertise, expecting the segments to merge together and thus (...)

Finance

Polish 2018 real estate investment expected to hit record at over €6.3bn

The total value of Polish commercial real estate investment transactions in 2018 is likely to set a new record, beating €6.3bn, says global adviser JLL. "Interestingly, the (...)

Health / Senior

ActivumSG adds 2nd German senior housing developer to give €1.2bn pipeline

Channel Islands-registered ActivumSG said it has acquired a second developer of senior housing in Germany to give it a pipeline of €1.2bn and a market-leading position in the (...)

Listed

At €510m, Frankfurt's DIC Asset hits 2018 acquisitions target

Frankfurt's listed real estate group DIC Asset said acquisitions for its managed fund and its owned portfolios hit plan in 2018, totalling €510m. Sales were also (...)

Housing

New Spanish housing permits up 23% in first 10 months of 2018

New Spanish homebuilding permits rose in the first 10 months of 2018 to 83,882, up 23.2% from the same 2017 period, according to official figures. The Ministry (...)

Retail

Spanish outlet firm Neinver said up for sale for €500m

Spanish-based retail outlet firm Neinver has been put on sale for over €500m by its owner the Losantos family, according to local media. The firm has not yet (...)

Logistics

Czech Redside enters Slovakia industrial with €90m Trencin buy

Redside, a real estate investment manager based in Prague, has closed the purchase of Trencin Industrial Park in Slovakia for €90m, the largest such deal of 2018 in (...)

Finance

Nuveen starts with $34bn AUM in Europe, formerly under TH brand

Nuveen Real Estate, global property manager of the US-based pension savings group TIAA, is now officially launched, running $34.1bn AUM in Europe formerly under the TH Real Estate (...)

Housing

German 2018 resi investment up 16% at €16bn; 2019 may be hit by supply - BNPPRE

Investment in German residential real estate rose 16%yy to €16.3bn in 2018 but, says adviser BNP Paribas Real Estate, even if demand is strong, turnover this (...)

Office

German Big 7 office take-up at €4m sqm, 6.5%yy lower but still 2nd highest - JLL

Office space take-up in the Big 7 German urban markets reached almost €4m sqm last year, the second highest ever but undershooting by 6.5% the record (...)

Office

M&G's €116m Helsinki office buy boosts Nordics exposure to €720m

London's M&G Real Estate, a unit of UK insurer Prudential, has boosted its Nordics exposure to €720m by acquiring an office in Helsinki for €116m from (...)

Housing

After record 2018, French existing home sales to stay stable in 2019 - Laforêt

French existing housing stock sales should in 2018 reach the prior year record, boosted by first-time buyers, and are likely to be strong this year again, (...)

Listed

French Icade closes €98.8m sale of Paris Issy-les-Moulineaux HQ

French REIT/SIIC Icade said it closed, just before year end, the €98.8m sale of its headquarters building Open in Issy-les-Moulineaux, a growing office quarter in southwest (...)

Logistics

Sweden's Castellum adds airport near Gothenburg for €107m, plans logistics hub

Sweden listed real estate group Castellum has acquired real estate in and around Säve Airport north of the coastal city of Gothenburg for some €107m, aiming to develop (...)

Finance

German 2018 CRE investment hits €60bn; demand to stay high at €55bn this yr - JLL

The upturn in commercial real estate investment continued in 2018 and reached €60.3bn, and demand should remain high in 2019 taking it to around €55bn, says (...)

Finance

€20bn Dutch RE investment to drop this year to €17bn/€18bn - Savills

While 2018 was another strong year for Dutch real estate investment at €20bn, volume is likely to drop this year to reach €17bn or €18bn, says (...)

Office

Korea's AIP, in €160m Copenhagen office deal, joins national peers entering Europe

South Korean investment manager AIP has joined a host of new national peers entering continental Europe, paying €160m for a Copenhagen office complex at around a (...)

Logistics

UK's Tritax EuroBox pays €55m for Poland warehouse, taking AUM to €550m

Tritax EuroBox, the UK REIT floated in summer to acquire European warehouses, has paid €55m for a new facility near Lodz in central Poland, taking investments to (...)

Office

Patrizia buys Frankfurt Eurotower for €575m for Taiwan's Fubon Life

Paying €575m on behalf of Taiwan's Fubon Life Insurance group, Germany's Patrizia has acquired the Eurotower office building in Frankfurt, the European Central Bank's former HQ. The 148 m., 40-storey building (...)

Listed

New Madrid office REIT Árima agrees €110m acquisitions by year-end

Madrid office REIT/SOCIMI Árima, created by former executives of Axiare acquired last year by Colonial, agreed acquisitions worth €110m by year end, just two months after its IPO. In a (...)

Office

Korea's Hana signs €120m sale-leaseback near Frankfurt with Commerzbank

South Korean wealth manager Hana Financial has signed to acquire an office building in Eschborn near Frankfurt for €120m in a sale-leaseback deal with Germany’s Commerzbank. The Seoul-based group, (...)

Retail

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

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

Office

Cromwell European REIT adds two Dutch offices for €128m

CEREIT, the Singapore REIT sponsored by Australia's Cromwell Group, ended 2018 in Europe with a €127.6m purchase of two Netherlands office assets, which the group will (...)

Listed

Luxembourg's Corestate at year-end terminates contract of CEO Bütter

In a sudden announcement at year-end, Luxembourg-registered Corestate Capital said it has terminated the contract of Chief Executive Michael Bütter, in the post only since February. Giving no (...)

Office

Shinhan makes South Korea's first Czech investment, for €50m in Prague

Shinhan Investment has made the first South Korean institutional real estate acquisition in the Czech Republic, buying an office in Prague for KRW65bn (€50m). The investment, reported by (...)

Office

Swedish listed Hemsö adds Helsinki Court House for €200m

Swedish listed group Hemsö, which specialises in public sector-tenanted assets, has acquired the Helsinki Court House in the Finnish capital for some €200m. The total leasable area of the (...)

Office

BNP Paribas REIM buys 18,630 sqm office in Paris Chatillon-Montrouge

BNP Paribas REIM has acquired Le Carat 1, a two-building 18,630 sqm complex in the office district of the Chatillon-Montrouge in the south of Paris just outside the ring (...)

Office

GEG purchases former Frankfurt ECB HQ Eurotheum for €250m

GEG German Estate, controlled by private German firm DIC and US M&A giant KKR, has acquired the Eurotheum building in Frankfurt fromCommerz Real at a cost of around €250m.  GEG said in a (...)

Office

H.I.G. Capital's three-office Norway investment said done at €265m

US-based opportunity fund H.I.G. Capital has acquired three office buildings in Norway totalling 100,000 sqm in a deal that Nordics specialist Pangea says was focused on Stavanger (...)

Office

Italian Generali's purchase of Frankfurt's Marienforum project said around €165m

Italy's Generali Real Estate, part of the Trieste-based insurer, has signed a purchase contract for the Marienforum project in Frankfurt's banking district reported to be worth around €165m. The (...)

Office

Swiss Life, Germany's Universal pay reported €390m for Munich office complex

Swiss Life Asset Managers and Germany's Universal-Investment have, in a deal reported to be worth €390m, acquired the Oskar office complex in Munich on behalf of (...)

Office

Allianz makes first equity deal in Prague, adding office asset for €110m

Allianz Real Estate, part of the Munich-based insurance group, has made its first office equity investments in the Czech Republic, adding two assets for a total (...)

Listed

French Covivio in portfolio adjustments worth €341m in Italy, Paris

French REIT/SIIC Covivio, in end-year portfolio adjustments worth €341m, has sold two offices and a retail property in Italy and acquired an office project in its Paris (...)

Retail

Portuguese Sonae, Slovakian Korbačka in €485m Spanish malls buy

Portuguese retail group Sonae Sierra and Slovakian J&T group's Peter Korbačka are reported to have agreed to pay €485m for three Spanish malls developed by Sonae and CBRE Global Investors. The (...)

Finance

UK's GreenOak, Canadian Sun Life's Bentall agree $940m merger

In a deal valued at $940m, the UK's GreenOak Real Estate, founded by ex-Morgan Stanley executives John Carrafiell and Sonny Kalsi, is to merge with Bentall (...)

Office

TH Real Estate's Hague purchase from UK's Capreon said worth €100m

TH Real Estate, part of US manager Nuveen, is to purchase The Hague Swan (De Haagsche Zwaan) office complex in The Netherlands from London firm Capreon. (...)

Housing

Vonovia's Victoria Park, in largest Swedish deal, adds 2,340 flats for €456m

In Sweden's largest deal of 2018, Victoria Park, a unit of Germany's Vonovia, has agreed to pay SEK4.7bn (€456m) for two residential portfolios with 2,340 apartments (...)

Office

Munich's Cells purchase of IKB HQ in Düsseldorf said done at €230m

Munich-based private firm Cells Property Investors has acquired the 57,600 sqm former HQ complex of IKB bank in Germany's Düsseldorf with an international investor for a (...)

Office

UBS AM acquires Frankfurt tower for €155m from Benson Elliot

UBS Asset Management has, on behalf of a client, acquired the Turmcenter office tower in Frankfurt for €155m and at a yield of 3.9%. Seller is (...)

Housing

Strabag's Züblin unit wins €80m contract to build 665-unit Berlin resi complex

The building firm Züblin, part of the Vienna-based Strabag group, has won an €80m contract to construct a complex of 11 residential buildings offering 665 units in (...)

Finance

German RE boom over but favourable conditions to continue in 2019 - Savills

The boom in German real estate is coming to an end but favourable conditions will continue in 2019, says adviser Savills - predicting only a slight fall in (...)

Listed

Swedish Fabege CEO Hermelin resigns, to leave in New Year

Swedish listed commercial property group Fabege has announced that its president and CEO, Christian Hermelin, has resigned after 25 years with the firm, and will step (...)

Retail

Norges pays €613m cash to add Paris Champs-Elysées Nike flagship

Norges Bank, manager of Norway's giant Pension Fund Global, has signed a €613m cash deal to acquire a retail/office property on Paris's prestigious Champs-Elysées earmarked as (...)

Listed

Italy's Coima Res sells Eurcenter in Rome for €90m to Zurich fund

Italian REIT/SIIQ Coima Res has sold the Eurcenter office property in Rome's EUR district for €90.3m to a fund run by Zurich Investments Life, an Italian unit of (...)

Housing

German resi price rises to continue, seen strongest in smaller cities

After a strong first half, the upward trend in German residential prices should continue, with above-average rises in future coming in medium-sized and smaller cities, says (...)

Hospitality

Germany's Commerz Real, Steigenberger launch €250m hotel fund

Germany's Commerz Real, part of Commerzbank, has issued, together with the Steigenberger group, a fund for European hotel real estate targeting €250m in assets. The vehicle is a Luxembourg (...)

Office

Wiltschnigg's GalCap enters Poland with two office acquisitions

GalCap Europe, the Vienna-based investment manager headed by former Immofinanz executive Manfred Wiltschnigg, has entered Poland with the purchase of two historic boutique office buildings in (...)

Hospitality

Luxury group LVMH adds Belmond hotels at €3.2bn valuation

The world's biggest luxury goods group, the Paris-based LVMH, is acquiring the NYSE-listed Belmond, owner and manager of 46 luxury hotel, restaurant and cruise properties at a (...)

Listed

Berlin's TLG in €400m asset revaluation after Ouram stake rise

Just over a week after the Ouram group boosted its stake in German listed TLG Immobilien to over 28%, the latter has announced a portfolio revaluation of €400m (...)

Finance

Frankfurt's Helaba to acquire Belgian Dexia unit for €352m

Frankfurt-based savings bank Helaba is to acquire the German unit of Belgian state-owned Dexia for €352m in a move that will boost its market position in public sector finance. A Dexia statement said (...)

Housing

German housing permits' 1.2% rise to 289,700 said still not enough

German homebuilding permits in the January to October period rose 1.2%yy to 289,700, but housing association president Axel Gedaschko said this is still not enough to meet needs. The (...)

Office

Tristan Capital pays €92m for Paris suburban office package for fund

European fund manager Tristan Capital Partners has acquired, off market, an 18,223 sqm portfolio of three renovated office buildings in the Rueil-Malmaison sub-market of northwest Paris (...)

Logistics

Spain's Aena may widen €4.6bn Madrid, Barca airport upgrades to others

Spain's listed airport operator Aena, currently expanding Madrid and Barcelona for a total cost of €4.6bn, is reported to be considering redevelopments also for Palma de Mallorca, (...)

Office

Frankfurt's DIC Asset adds €90m forward office deal in Berlin

Frankfurt listed real estate group DIC Asset has secured, in a forward deal, an office project in the Halensee sub-district of Berlin from the developer Casada for a total investment (...)

Hospitality

Madrid's Parques Reunidos pays €226m for German indoor water park

Madrid listed leisure property group Parques Reunidos is to pay €226m to acquire the indoor water park Tropical Islands south of Berlin from Malaysian listed firm Tanjong. In a (...)

Office

US NorthStar earned 20% return on €670m sale of Frankfurt's Trianon tower

US REIT NorthStar Realty Europe said it earned a return of 20% on its investment in Frankfurt's Trianon office tower, sold for €670m to a South Korean (...)

Health / Senior

Swiss Life pays €70m for Belgian office, senior project for German fund

Swiss Life Asset Managers has paid over €70m to acquire a standing office and a senior living project in Belgium for its German open real estate (...)

Retail

Frankfurt's x+bricks pays €80m for 13 German retail properties

The Frankfurt private firm x+bricks, founded by ex-Corestate CEO Sascha Wilhelm, has paid €80m to acquire a portfolio of 13 retail properties from an institutional investor. The properties, (...)

Housing

Netherlands resi investment to surge to €8.5bn, but still below needs

As Dutch residential investment breaks all records, sales of rental housing will this year reach 46,000 worth €8.5bn, up by 63% from 2017, but supply will (...)

Housing

Corestate Capital enters co-living segment with Medici Living, targets €1bn

German listed specialist Corestate Capital is expanding into the fast-growing co-living segment in partnership with Europe’s largest provider, Medici Living, aiming at a portfolio, together with (...)

Logistics

Spain's Neinver finalises €300m logistics portfolio sale to Blackstone

In Spain's largest logistics deal this year, Madrid-based outlet specialist Neinver has, for around €300m, completed a previously reported sale to Blackstone of 55 logistics assets.  Comprising (...)

Office

German Godewind's €205m Frankfurt, Hamburg office buy takes AUM to €560m

German listed blind pool investment firm Godewind, launched earlier this year, has added two office properties in Frankfurt and Hamburg worth some €205m to take its portfolio (...)

Finance

Spanish bank Ibercaja to sell €600m of problem real estate assets

Spanish lender Ibercaja, based in Zaragoza in the northeast, is to put on sale some €600m of problem assets to cut real estate exposure in half (...)

Finance

J.P. Morgan closes 4th European opportunistic fund with $5.3bn capacity

Investment bank J.P. Morgan has closed a new European opportunistic property fund at $1.3bn in commitments, investment capacity of $5.3bn, targeting office, retail, industrial and residential. The New (...)

Office

Corestate's Hannover Leasing adds Düsseldorf office project for €56m

Hannover Leasing, a unit of Luxembourg-registered Corestate Capital, has paid €55.5m to acquire an 12,100 sqm office in development in Düsseldorf, fully pre-leased to a state (...)

Logistics

Barings acquires 90,000 sqm logistics package south of Paris

Barings Real Estate, part of the US-based investment manager, has acquired a 90,000 sqm warehouse portfolio south of Paris. No price was given but specialists estimate (...)

Finance

€30bn of illegal capital funneled into German real estate - Transparency

Some €30bn of illegally-sourced capital was funneled into German real estate last year, according to NGO Transparency International, and it is calling for reforms to combat (...)

Hospitality

French Senate approves 15% tourist, 10% office tax for Greater Paris

France's Senate has approved creation of a 15% tourist tax for the Greater Paris region to finance the Grand Paris driverless metro network, and also confirmed (...)

Office

Sweden's Fastpartner adds Solna port office for €189m

In one of the largest recent single asset deals in Sweden, private investment manager Fastpartner has paid €189m for a 41,000 sqm office block in Solna, north of Stockholm, (...)

Office

Cromwell European pays €38m for office properties in Italy's Bari, Genoa

Cromwell European, a Singapore REIT refinanced last month in a €224m rights issue fully subscribed its by Australian sponsor Cromwell Property, has added two office properties (...)

Office

France's Ardian acquires second Berlin office with co-investor

France's giant private equity group Ardian says its Real Estate Europe Fund has made second investment in Berlin, buying a 30,000 sqm office complex together with (...)

Finance

JLL advises on €337m Blackstone bond finance for Värde hotel package

JLL has advised on one of the largest bond financings by an alternative real estate debt provider in Italy, a €337m financing by Blackstone for a (...)

Office

Europe's flexible office space to expand by 7m sqm through 2023

Flexible office space in Europe has more than doubled since 2014 and could grow 30% p.a. over the next five years, adding 7m sqm by 2023, (...)

Office

Unibail's €789m Paris Capital 8 office sale to Invesco finalised

The sale of one of the best known office complexes in Paris, the 45,000 sqm Capital 8, has been finalised by Unibail-Rodamco-Westfield for €789m to global (...)

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, (...)