Business Immo, the real estate website

Allan SAUNDERSON

Editor-in-Chief Business Immo Europe

BUSINESS IMMO

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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
  • + 49 641 209 16304
  • + 49 172 672 3938

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

David CATELAIN

Directeur administratif et financier

Audrey CERATI

Coordinatrice régie

Josée BATTISTINI

Chargée d'affaires

Claudine BAUDÈRE

Comptable générale

David CATELAIN

Directeur administratif et financier

Audrey CERATI

Coordinatrice régie

Delphine CHHO

Responsable data

Benoit DOURLET

Opérateur de saisie - Documentation

Naziha DUPONT

Opératrice de saisie - Documentation

Charlotte GEIRNAERT

Responsable conférences et formations

Emmanuelle GRAFFIN

Journaliste, secrétaire de rédaction

Jean-François GRAZI

Président - Directeur de la publication

Pierre GUIDOU

Rédacteur graphiste - PAO

Sylvain HENRY

Digital Manager

Anne HERLIN

Secrétaire de rédaction

Gilles LE GARGASSON

Assistant documentaliste

Philippe LERÉVÉREND

Directeur de projet

Caroline LHUILLERY

Chargée des études

Olivier MONAT

Agitateur du Club Innovation & Immobilier

Ève MONTANARI

Responsable abonnement et diffusion

François OULLION

Chargé d'affaires

Aude PERANI

Chargée de projets communication et événementiel

Nadia PEREIRA

Comptable clients

François PERRIGAULT

Chef des informations

Anaïs PIOT

Responsable communication et événementiel

Sandra ROUMI

Rédactrice en chef

Laura ROUMI

Opératrice de saisie - Documentation

Estelle SANTOUS

Journaliste rédactrice et reporter d'images

Anaïs SARAZIN

Community Manager

Julien TABOURDEAU

Chargé d'affaires

Gaël THOMAS

Directeur de la rédaction

David THOMAS

Editor Business Immo Europe

Vanessa TRAN

Coordinatrice conférences et formations

Finance

UK's Revetas, Goldman buy CEE's €450m Trigranit group from TPG

London-based real estate private equity group Revetas Capital, together with Goldman Sachs funds, has acquired east European developer TriGranit from the US firm TPG Real Estate at an asset value of €450m. Revetas, founded (...)

Retail

Warsaw's EPP pays €91m for first mall in Poznan at 7.30% yield

Warsaw's listed EPP, formerly Echo Polska Properties, is acquiring its first asset in the western Polish city of Poznan, paying €91.1m for the King Cross Marcelin Shopping Centre at (...)

Logistics

Blackstone said in final stage of buying €90m logistics assets from Spain's Lar

US investment management giant Blackstone, in the middle of a takeover bid for Spain's Hispania, is finalising acquisition of a Spanish logistics portfolio owned by another REIT/SOCIMI, Lar España, (...)

Listed

Finnish rental homes firm Kojamo says oversubscribed IPO values it at €2.1bn

Finnish rental housing firm Kojamo said its IPO has been oversubscribed at a final offering price of €8.50 per share, valuing the firm, which owns 36,000 apartments worth (...)

Housing

Corestate targets €2.4bn micro-living AUM in Germany, Europe

Listed German property specialist Corestate Capital, plans to invest €2.4bn in micro-living in Germany and throughout Europe through end-2019, and said it has already deployed €1.8bn in (...)

Housing

French CDC Habitat takes stake in 63,000-unit northern social housing firm

CDC Habitat, the housing manager of French state financing institution CDC and partner of Germany's giant Vonovia group, is to take a 34% stake in Maisons & Cités, (...)

Logistics

UK Tritax EuroBox IPO targets £300m for Euro logistics; eyes €600m AUM

British logistics REIT Tritax Big Box has launched a £300m initial public offering for a separate firm, Tritax EuroBox, to target continental European logistics. It is in advanced (...)

Logistics

US tech giant Google said buying 70ha in Netherlands to expand data centres

US tech giant Google, part of the Alphabet group, has acquired 70ha. of land in the Netherlands for data centres after earlier committing €500m as it (...)

Listed

Vienna's Immofinanz announces reverse 10:1 stock split

Vienna-based listed real estate group Immofinanz has announced a 10:1 reverse stock split, a move formerly approved in the shareholder meeting and reducing outstanding shares to 112m. The commercial (...)

Listed

German listed Consus in €300m capital raise to aid growth, acquisitions

Berlin's Consus Real Estate, floated in Frankfurt last year and expanding fast, is launching a capital increase of up to 39.9m shares to raise gross proceeds of (...)

Hospitality

Dutch hotel group CitizenM acquires Paris Champs-Élysées site for €80m

The Dutch boutique hotel group CitizenM has paid €80m for a 4,500 sqm site on the prestigious av. des Champs-Élysées in Paris from French developer Faure and the BlueStone (...)

Housing

German May house prices up 6.3%yy but signs of slowdown emerge - Europace

German house prices held steady at 6.29%yy in May but signs of a slowdown emerged, according to the Europace house price index of Berlin's Hypoport group. Standing stock values slowed, (...)

Hospitality

Swedish listed Balder enters Germany, paying €58m for seven hotels

Swedish listed real estate group Balder has made its first investment in Germany, paying €58m for seven hotels, two of which in Berlin, and says the deal is (...)

Health / Senior

Belgian REIT Cofinimmo pays €172m for 17 German care homes at 5.5%

Belgian REIT Cofinimmo said it has signed to acquire 17 German nursing and care homes for €172m in a deal done at an initial gross rental yield of (...)

Listed

Globalworth Poland raises €450m in equity from parent, S.African Growthpoint

The Polish affiliate of AIM-listed eastern Europe real estate group Globalworth has raised €450m in fresh equity via a private placement with its parent, and senior group shareholder Growthpoint (...)

Hospitality

Paris region signs accord with Alibaba to boost Chinese tourism

The Paris Ile-de-France region has signed an agreement with the online travel platform of Chinese e-commerce giant Alibaba aimed at helping tourists from the People's Republic, who have strong purchasing (...)

Listed

US Apollo, Wecken conversion of German DEMIRE bonds raises bid prospects

US investment firm Apollo and the Wecken Group, the two major shareholders in Germany's DEMIRE Deutsche Mittelstand Real Estate, have converted a €10m bond into equity which could trigger (...)

Finance

Munich's Real I.S. launches special RE fund targeting €1bn in Europe

Munich's Real I.S., the real estate fund manager of German savings bank BayernLB, has launched a new office special fund targeting €1bn in office assets, with a secondary (...)

Office

Germany's Corpus Sireo, part of Swiss Life, is latest to enter Finland, at €28m

Germany's Corpus Sireo Real Estate, part of Swiss Life Asset Managers, has become the latest major foreign fund to enter Finland, paying €28m for a commercial property in (...)

Listed

Blackstone's Hispania approval moves Spanish tax income offshore - El Confidencial

The Spanish financial regulator CNMV has approved the takeover bid by Blackstone for hotels REIT Hispania. If successful, the firm will be taken private and all profits will move offshore, the (...)

Finance

Property, building groups call on EU to accelerate digital transformation

A number of real estate and building groups in Europe, including the chartered surveyor body RICS, are calling on the European Union to do more to accelerate (...)

Housing

French National Assembly passes Elan law easing rental housing regulation

The French National Assembly parliament on Tuesday adopted the Elan law on housing, notably pressing small communal housing firms to merge, boosting permitted sales to 40,000 per year, (...)

Health / Senior

AXA IMRA adds €250m portfolio of elderly care facilities in Paris

AXA Investment Managers - Real Assets, one of Europe's largest investing institutions, has acquire a €250m portfolio of elderly care residential facilities in Paris through credit (...)

Hospitality

Jinjiang's Louvre Hotels in CEE focuses on Warsaw, Belt & Road cities

Paris-based Louvre Hotels, owned since 2015 by China's Jinjiang group, should soon double its Poland assets to 40, says a top executive. Its eastern Europe focus lies (...)

Retail

French retailer Casino targets €1.5bn asset disposals, including real estate

French supermarket chain Casino is to sell off €1.5bn of non-core assets, including real estate, with a view to reducing debt and focusing on the digital transformation of (...)

Hospitality

CEE hotel market growth to continue even if peaking now - conference

East European hotel occupancy and room revenue growth has been steady over the last few years and the market will rise further in the next years (...)

Hospitality

Amid Spain's hotel boom, Blackstone will do what it takes to buy Hispania

With Spanish tourism booming and no fewer than 173 new hotel openings forecast in the next four years, US giant Blackstone will likely do what it takes to (...)

Listed

Hungary beats Portugal, Poland to introduce new, attractive REIT status

Hungary has become the latest European nation to introduce a REIT status that should attract property firms after adjusting laws first introduced in 2011. Poland and (...)

Housing

France passes law to limit impact of Airbnb on housing

Joining other European locations attempting to curb the impact of Airbnb and similar websites on its housing supply, France on Friday passed a law forbidding owners from renting (...)

Finance

German property funds post highest returns in 10 years at 4.3%

German real estate funds last year posted their highest total returns in 10 years, at 4.29% after 2.68% in 2016, says industry body INREV. Domestic-focused funds were (...)

Listed

Aroundtown appoints Cromme to board after 54%yy 1Q FFO surge

Fast-growing listed CRE group Aroundtown has appointed one of Germany's most high-profile managers to its advisory board just days after releasing first quarter figures showing a 54%yy rise (...)

Office

Warsaw office vacancy falls to lowest in five years at 10.3% - Cresa

Warsaw’s office vacancy rate, one of the highest in Europe a couple of years ago, fell in first quarter to its lowest in five years at (...)

Office

Poland's Lodz attracts office, industrial investors with regeneration, low rents

The Polish city of Lodz is at the beginning of the largest urban regeneration in its history, and global adviser JLL says it is attracting office and industrial (...)

Listed

US Starwood wins few takers for Austrian CA Immo, Immofinanz offers

US private equity firm Starwood Capital, which Wednesday announced 24.4% acceptances in a Swedish housing group bid, has by contrast won only a fraction of takers for (...)

Office

Swiss Life AM, surging to €70bn in real estate, is far from finished yet

In just a few years, Swiss Life Asset Managers, part of the giant Zurich-based insurer, has surged to become a major player in European real estate by (...)

Listed

US Starwood wins 24% acceptances in bid for Swedish Victoria Park

US private equity firm Starwood Capital has announced acceptances of 24.4% in its takeover bid for Swedish listed housing firm Victoria Park, and will go ahead and purchase the (...)

Hospitality

French rail, air strikes deal heavy financial blow to travel, events

French rail and airline strikes have dealt a heavy financial blow to travel and event industries in the nation, reaching €1bn in lost travel revenues alone, (...)

Retail

French Immochan is second in week to change name, rebranding as Ceetrus

A second French property firm in a week has announced a change of name. Immochan, the manager and owner of shopping centres anchored by its supermarket (...)

Retail

NYC's Thor Equities confirms €120m sale of luxury retail in Cannes

New York-based real estate investment manager Thor Equities confirmed a report that it has sold a portfolio of luxury retail stores on the promenade La Croisette in the (...)

Finance

Dutch Rabobank puts French BPD Marignan developer on sale - BI sources

Dutch cooperative lender Rabobank, in the process of a complete disposal of its Bouwfonds property manager, is poised to further cut RE exposure, placing its French developer BPD (...)

Finance

UK's Savills buys Cluttons Middle East to link EMEA and Asia

UK-headquartered property adviser Savills is acquiring Cluttons Middle East, a real estate consultancy employing 190 staff across the UAE, Bahrain, Egypt, Oman and Saudi Arabia which it says will (...)

Logistics

Logistics in German city centres in demand but difficult to achieve - briefing

While e-commerce and its promise of fast delivery is forcing German logistics providers to move ever closer to end customers, suitable inner-city sites are scarce, and (...)

Hospitality

AccorHotels confirms it is eyeing France's 14.3% stake in Air France-KLM

Paris-based AccorHotels, which last week sold 57.8% of its AccorInvest unit for €4.6bn, confirmed a Les Echos newspaper report that is considering acquiring the French state's 14.3% stake in Air (...)

Housing

German Union/ZBI resi fund increases to €781m AUM, eyes €1bn soon

The German residential investment fund managed jointly by cooperative banking manager Union Investment Real Estate and ZBI has boosted assets by €260m to €781m, and the firms said (...)

Housing

Finnish housing firm Kojamo launches €748m IPO, eyes €6bn AUM

Finnish rental housing firm Kojamo has launched an IPO valued at €748m in a subscription period scheduled to start today. Owning nearly 36,000 units worth €4.9bn, it aims (...)

Finance

UK's Aviva launches real assets focus after multi-manager sale to LaSalle

UK-based Aviva Investors, after selling its £6bn real estate multi-manager business to LaSalle IM, is to shift to a real assets focus, bringing direct real estate, infrastructure, structured (...)

Housing

Merkel's 1.5m new homes pledge faces building capacity constraints, rising costs

Chancellor Angela Merkel's pledge to create 1.5m new homes in Germany in the next four years will run up against supply constraints. While builders aim at 340,000 (...)

Hospitality

AccorHotels 57.8% sale of AccorInvest unit to bring in €4.6bn

Paris-based AccorHotels has sold 57.8% of its AccorInvest unit to sovereign funds Public Investment Fund and GIC, institutions Colony NorthStar, Crédit Agricole Assurances and Amundi in a transaction bringing gross proceeds of €4.6bn. PIF is owned by (...)

Listed

Poland mall specialist Echo Polska changes name to EPP

Polish listed shopping centre specialist Echo Polska Properties, following approval by its shareholders, is to shorten its name to EPP, emphasising that it is now entirely separate (...)

Housing

France’s National Assembly approves Elan measures to ease resi conversions

France’s National Assembly has approved measures in the landmark Elan housing bill to ease the conversion of empty offices into housing, a key component of a government reform (...)

Office

Amsterdam, Stuttgart, Prague face tightest office supply, best rent prospects - JLL

Office supply shortages will be the main driver of above-average rental growth in specific European cities, says adviser JLL. High on a list of the 10 markets (...)

Finance

LaSalle acquires Aviva's €6bn multi-manager business, Encore+ fund

Global real estate manager LaSalle Investment Management is acquiring the Real Estate Multi-Manager business of UK manager Aviva Investors, which manages €6bn of assets, plus full ownership of the (...)

Hospitality

German investable hotel mkt up 6% to €53bn but deals falling - report

The investable hotel market in Germany grew last year by 6% to €52.6bn but actual deals declined and will likely fall further, says a report by Union (...)

Finance

CdC reform in focus as Paris outlines 'bank of territories' to support housing

French government aims to reform its central financial arm CdC move a step closer today as senior ministers, together with Prime Minister Edouard Philippe, outline plans to (...)

Retail

London’s Intermediate Capital in €105m S-L buy of six Spanish hypermarkets

London-based listed asset manager Intermediate Capital Group has invested €105m in a sale-leaseback of six Spanish hypermarkets, partnering with Inmobiliaria Armuco, a firm 45% owned by domestic food (...)

Housing

Colliers presses into German resi with Frankfurt Engel & Völkers unit buy

International commercial real estate adviser Colliers is pushing deeper into residential investment advisory, acquiring a specialist Engel & Völkers franchise in the Frankfurt region. It is acquiring Engel & Völkers (...)

Hospitality

Florida's Hard Rock wins green light for €2bn Spanish gaming resort

Florida-based leisure and entertainment group Hard Rock International has won approval from Spain's Catalonian government to build a €2bn casino and leisure resort in Tarragona south of Barcelona (...)

Listed

French Foncière des Régions renames as Covivio to reflect European reach

One of France's largest REIT/SIICs, Foncière des Régions managing €21bn in office, residential and hotel property, is changing its name to Covivio to reflect its truly integrated European (...)

Hospitality

Israeli Fattal Hotels said in €157m Munich Leonardo Royal S-L sale to Invesco

Listed Israeli Fattal Hotels chain is reported to have sold the Leonardo Royal Hotel in Munich for €157m in a 30-year sale-leaseback, with the buyer identified as US-based (...)

Office

Germany's Deka sells Paris office building to Patron Capital for €71.5m

Deka Immobilien, the real estate fund investor of the German savings banking group, has sold the office building Le Magnum in Levallois-Perret a north-western suburb of (...)

Housing

Germany targets 1.5m new urban homes with €6bn housing offensive

Germany is to embark on a four-year housing offensive targeting 1.5m new homes and will earmark €6bn from the federal budget for measures that include offering (...)

Office

Grosvenor shifts French strategy from retail towards office renovations

Grosvenor Europe, part of London's privately-held Grosvenor real estate giant, has shifted its French strategy towards Paris office renovations and reduced its emphasis on retail property, says Steve Cowen, (...)

Retail

AEW is latest to re-enter Helsinki, paying €109m for Stockmann asset

London and Paris-based AEW has become the latest large institution to invest in Helsinki, paying €108.5m for a retail-led asset in the CBD from store group Stockmann, its (...)

Office

JP Morgan, LGT's German office buy from Munich's publity said at €230m

JP Morgan Asset Management and Liechtenstein-owned LGT Capital Invest have acquired four German office buildings from struggling Munich-based listed group publity for a price reported at around (...)

Housing

Spanish cities act to curb Airbnb as it considers Barcelona request

Spanish cities are acting to curb what they call 'touristification' and soaring rents caused by US tourist rentals website Airbnb, which last week agreed to consider (...)

Finance

Growing property investment focus on cities includes Nordics - MSCI/KTI conf.

Institutional real estate investors are gradually shifting focus away from national markets to global cities that are growing and show 'future-proofing credentials', the MSCI/KTI Conference heard. Nordic cities (...)

Finance

Swedish AP1 to expand UK, France, Germany RE platform - MSCI/KTI conf.

Swedish public pension fund AP1, which holds nearly 13% of its €30bn total assets in real estate, is likely to expand its UK, France and Germany platform (...)

Retail

Westfield merger with Unibail moves closer after 97% stakeholder support

Some 97% of stakeholders in Australian retail group Westfield have approved its merger with French-Dutch supermarket giant Unibail-Rodamco, taking the creation of Europe's largest listed supermarket group one step (...)

Finance

Healthy Nordic real estate cycle to continue for some years - Pangea's Bjolgerud

The Nordic regional real estate cycle is in healthy condition and is likely to continue for some years yet, Bård Bjølgerud, CEO of adviser Pangea Property Partners, told (...)

Housing

New Paris residential price index planned as basis for derivative products

Business Immo : Why did you create a Parisian residential real estate index? Michael Benhamou : Real estate attracts many investors, yet it is one of the asset (...)

Logistics

Hamburg's Hansainvest to double logistics assets, investing €300m

Hamburg investment manager and funds firm Hansainvest Real Assets, part of the Signal Iduna insurance group, intends to double logistics holdings, investing €200m to €300m over the next 18 (...)

Finance

European 2017 real estate fund returns surge to 9.40% - INREV

Returns in European real estate funds surged last year to 9.40%, totalling all returns, from 5.99% in 2016, according to the non-listed property fund association INREV. The 2018 (...)

Finance

UK's BC Partners creates new property arm, names Theuriau to run it

London-based private equity group BC Partners is creating a new arm, BC Partners Real Estate, to focus on property investment, and has named Stéphane Theuriau, former CEO of French (...)

Housing

Swiss Peach Property adds 1,000 resi units in southern Germany

Zurich-based quoted Peach Property Group, which focuses on residential property in Germany, has signed a purchase agreement to acquire 1,066 residential units in the nation's Southwest, taking (...)

Office

Korean REIT JR AMC's €60m Vienna office buy is first in Europe

South Korean REIT JR AMC has closed its first investment in Europe, paying €60m for the Vienna office headquarters of construction group Porr. The asset was acquired (...)

Hospitality

NYSE's Park in €297m Berlin Hilton sale as Blackstone checks out too

NYSE-listed REIT Park Hotels & Resorts has closed the €297m sale of the 601-room Hilton Berlin. The move came as US wealth manager Blackstone also sold its last remaining 5.8% (...)

Listed

German Patrizia shares surge after 1Q income rises fourfold

Shares in German listed real estate group Patrizia surged by over 11% on Thursday following news that its first quarter operating income quadrupled to nearly €43m from 1Q17. In (...)

Office

Blackstone's Munich Arabella Bogen office buy said at €170m

US wealth management giant Blackstone and Frankfurt-based alternative investment manager Quincap have together acquired the 44,000 sqm Arabella Bogen office building in Munich for a price reported at (...)

Housing

German April housing stock prices surge 8%, highest mth since 2010 - Europace

Prices in German standing housing stock surged in April to 2.64%mm, the strongest jump since June 2010 and taking the rolling rate over 8%, according to (...)

Logistics

Panattoni Europe targets €1.2bn 'last-mile' warehouse projects

Panattoni Europe, an affiliate of US Panattoni Development, aims to allocate €400m annually over the next three years to 'last-mile' warehouse developments near cities, taking its (...)

Office

Singapore's CapitaLand REIT pays €356m for 2nd Frankfurt office asset

Capitaland Commercial Trust , the Singapore REIT controlled by the giant CapitaLand group, is paying €356m for a near-95% stake in Frankfurt office complex Galileo to seller Triuva, part of (...)

Listed

Spain's Colonial to grow rental income to €500m with Axiare - CEO

Spanish REIT/SOCIMI Colonial should be able to boost annual rental income by €200m to €500m after the inclusion of newly acquired peer Axiare, plus a number of other factors, (...)

Housing

German 1Q18 resi prices up 9.2%, CRE 7.4% higher - Pfandbrief banks

German real estate made a dynamic start to the year, with residential prices in the first quarter up 9.2%yy and median commercial real estate values 7.4% (...)

Listed

Listed Aroundtown makes €720m sales ytd at 12% above book

Fast-growing European quoted commercial property group Aroundtown, which also controls listed German housing firm Grand City Properties, has sold over €720m in non-core assets year to date at (...)

Listed

New technologies will optimise, disrupt, transform real estate - EPRA

Emerging technologies such as Virtual Reality, Artificial Intelligence and Blockchain will optimise efficiencies in real estate, transforming business models, but will also disrupt those unable to (...)

Housing

European home loans up 4.3% in 2017, average mortgage at €42,000

Outstanding residential property loans in Europe rose 4.3%yy last year to reach €6.4tr at the end of 2017, up 13% since 2012, according to French mortgage (...)

Logistics

Blackstone's $7.6bn Gramercy takeover includes European unit

Giant US-based manager Blackstone is acquiring US REIT Gramercy Property Trust in a deal valued at €6.4bn ($7.6bn) that includes Gramercy Europe, a London-based manager specialised (...)

Office

Listed German Gateway RE buys 21-unit CRE package from Värde

Frankfurt's Gateway Real Estate, a Stuttgart-listed group controlled by a single family, has acquired 21 properties with 100,000 sqm of rentable space from US opportunity fund Värde Partners, (...)

Finance

Geneva's Edmond de Rothschild eyes €3bn in fresh client equity by 2021

Edmond de Rothschild group, the Geneva-based private wealth manager, has announced plans to raise six new funds targeting €3bn of equity over the next three years (...)

Retail

BMO sells 18-asset German retail portfolio for three-digit millions

BMO Real Estate Partners Germany, a unit of the Canadian Bank of Montreal, said it has sold an 18-property western German retail portfolio called Boulevard to an (...)

Housing

Blackstone adds 2,500 Berlin residential units from local managers

US investment management Blackstone has added 2,500 residential units in central Berlin to its portfolio of over 100,000 units spanning Germany, Spain, Sweden and Denmark. Seller (...)

Hospitality

Schroders starts hotel investments with purchase of €1.8bn Algonquin group

London-based investment house Schroders has agreed to acquire specialist pan-European hotels group Algonquin, managing AUM of €1.8bn in a deal that kicks off its focus on (...)

Housing

Euro student housing projects to rise after 2017 investment rises 29% - C&W

European student housing investment increased 29% last year to €13.6bn as rising demand for global higher education continued to attract institutional capital, says global adviser Cushman (...)

Office

German 1Q office price rises slow; threshold may be reached - JLL's Victor

German prime office price rises slowed sharply in first quarter as investors drew back, and their pain threshold on prices may have been reached, according to (...)

Finance

Germany's TLG on track to double portfolio in office, retail – co-CEOs

TLG Immobilien, the Berlin-based listed group, is on track to double its portfolio, focusing on office and specialised retail property, say co-CEOs Peter Finkbeiner and Niclas Karoff. With the (...)

Housing

Vonovia in €1bn equity raise to fund Swedish bid, increases 2018 guidance

German listed housing group Vonovia has raised nearly €1bn in an accelerated private placement to help finance its near-€900m takeover offer for Sweden's Victoria Park. It also announced (...)

Office

Asia-backed, German-led JV pays €170m for Rotterdam's Maas Tower

A joint venture of Germany's FOM Real Estate, Asia Pacific Real Estate, and Swiss family office Coquine has paid over €170m for Maastoren, the highest office tower in (...)

Housing

German Garbe launches investment mgr, adds resi fund, ex-Bouwfonds execs

German family-owned Garbe Logistik is boosting residential investment activities, hiring experienced managers from the Dutch Bouwfonds group to run a new investment manager Garbe Institutional Capital. In a (...)

Finance

Dutch Bouwfonds continues rundown with €1bn resi fund transfer to Catella

Netherlands cooperative bank group Rabobank continues to dismantle its Bouwfonds Investment Management unit, announcing transfer of a €1bn residential fund to the German subsidiary of Sweden's Catella Real Estate. The management of (...)

Logistics

Stuttgart's APCOA launches cashless, ticketless carparking

Private Stuttgart-based APCOA Parking, which manages car-parking spaces at over 9,000 locations in 13 European nations, has introduced a proprietary application, APCOA Flow, which allows customers to (...)