Business Immo, the real estate website

Allan Saunderson

Editor-in-Chief Business Immo Europe

BUSINESS IMMO

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Last update May 27, 2019 | 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

Laura Blairet

Stagiaire en journalisme

Josée Battistini

Chargée d'affaires

Claudine Baudère

Comptable générale

Steven Besnard

Chargé de projet en communication et événementiel

Laura Blairet

Stagiaire en journalisme

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

Hospitality

France's Atream in €73m Belgian hotel purchase for fund

Paris-based independent asset manager Atream has finalised a portfolio purchase of six hotels in Belgium for €73m on behalf of its hospitality fund, SCPI Atream Hotels. Spread across the Flemish (...)

Listed

Cofinimmo adds Belgian care homes worth €149m, keeps shares suspended

Brussels' listed Cofinimmo is adding eight domestic care homes worth €149m via payment in kind, and said it will keep shares suspended pending another announcement today. The firm said (...)

Office

Germany faces growing office shortage as building fails to keep pace - study

With nationwide office vacancy at 4.1%, Germany faces a growing space shortage that cannot be met by current building activity, says a new study. The Swiss-based Empira Group says (...)

Listed

Engwall's Nyfosa acquires Swedish office portfolio for €149m

Stockholm's Nyfosa, spun out of listed Hemfosa in autumn by 'serial' property entrepreneur Jens Engwall, is acquiring 21 office assets in southern Sweden for SEK1.57bn (€149m). Nyfosa (...)

Retail

Unibail launches Westfield brand in Europe, first covering 10 malls

Europe's largest listed property group Unibail-Rodamco-Westfield is to launch the Westfield brand in Europe with a first wave of 10 shopping centres, including seven in France. The (...)

Finance

Grand Paris audit warns over construction, engineering overheating

An audit of the Grand Paris project transforming the French capital has cited a significant risk of construction and engineering overheating due to high demand, especially (...)

Listed

UK's Henderson Park enters Poland via 70% stake in 11 EPP office assets

UK-based Henderson Park, best known for large hotel investments, has entered Poland with an office deal - taking a 70% stake in 11 buildings owned and (...)

Office

Bahrain's Investcorp adds in Hamburg for €85m to take Euro AUM to €500m

Bahrain alternatives' manager Investcorp has reached €500m in European real estate with the acquisition of Hamburg's multi-let office and light industrial Airport Centre for €85m. The acquisition is Investcorp’s fourth real (...)

Health / Senior

ActivumSG follows Instone with creation of senior care developer Carestone

Saul Goldstein's ActivumSG is creating another company, senior care home developer Carestone, in a manner similar to the Instone housing developer that it spun off last year. In a process paralleling (...)

Housing

German housing hindered by rules, politics, but rent caps no answer - conference

German housing supply is hindered by a mass of regulations and political interests, but an attempt to limit rents, as in Berlin, will simply make matters (...)

Logistics

Google to invest further €1bn on new data centres in Netherlands

Global search giant Google plans to spend a further €1bn on data centres in the Netherlands, bringing total investment there to around €2.5bn. The company, a unit (...)

Retail

With Madrid asset BMO’s €700m high-street retail fund reaches full investment

BMO Real Estate Partners, part of Canada's Bank of Montreal group, has acquired a luxury retail in Madrid and thus fully invested its €700m Best Value (...)

Housing

Germany's Vonovia, responding to rent pressures, says houses diversity of people, incomes

Germany's largest private landlord Vonovia, responding to pressures over rising rents, said it provides homes for a diversity of the population, including lower income groups. In a (...)

Housing

Berlin's Deutsche Wohnen in voluntary commitment to limit rents rises

Berlin listed housing group Deutsche Wohnen, the epicentre of a citizens’ expropriation campaign, has made a voluntary commitment to limit rents to a maximum of 30% of tenant (...)

Listed

French Gecina sells hotel portfolio to Angelo Gordon for €181m

Giant French REIT/SIIC Gecina is selling its entire hotel portfolio comprising five assets to US-based manager Angelo Gordon at a valuation of €181m. The portfolio, acquired as part of Gecina's takeover (...)

Retail

Benson Elliot adds three regional German convenience retail assets for €175m

London-based investment manager Benson Elliot has acquired a portfolio of three regionally-dominant German convenience retail assets from Brack Capital Properties for €175m.  The vendor has retained a minority stake (...)

Office

Italy's Generali, Poste Vita add Berlin Westlight project for reported €200m

As part of their new €400m European real estate joint venture, Italian insurers Generali and Poste Vita are acquiring the Westlight Berlin office project for a (...)

Listed

Berlin's ADO Properties, under Dayan control, names Ran Laufer new CEO

Berlin listed housing firm ADO Properties, newly taken control of by the Israeli Dayan family, has named as chief executive Ran Laufer, also deputy chairman of (...)

Housing

Europe's cities alarmed over EU protection of internet holiday rentals

European cities have sounded the alarm over their rights to limit holiday rentals by Airbnb and other internet platforms after an EU Court of Justice decision (...)

Office

Korea's Mirae said selling Frankfurt office after two years for €120m gain

Mirae, one of the Korean investors recently assembling large European portfolios, is selling a Frankfurt office building after two years at a profit said at €120m (...)

Listed

Paris-based Orion builds Spanish Neinor stake to second biggest 11%

Paris-based Orion Capital Managers has, with a stake of 11.1%, become the second largest shareholder in Spanish housing developer Neinor Homes just two months after first (...)

Listed

London's IPSX said set to revolutionise CRE valuations, securitisation, ownership

London-based IPSX, the new stock exchange dedicated to property firms, is set to revolutionise the way CRE is valued, securitised and owned, says consultant Hardman & (...)

Listed

Swedish Hemfosa pays €84m for domestic, Finnish school/office assets in two deals

Hemfosa, the listed Stockholm group focused on public-rented properties, has paid €84m in two separate deals for school and office assets in Sweden's Eskilstuna and Finland's (...)

Housing

Spain's unsold housing overhang slips to 459,876 in December

Even amid its current housing boom, Spain has an overhang of 459,876 unsold new homes, and the number is declining only slowly from a peak at (...)

Retail

UK's Intu, Hammerson said eyeing sale of Spanish retail assets

British property firms Intu Properties and Hammerson are said to be considering selling some or all of their retail assets in Spain worth around €466m and (...)

Office

Summit's listed Deutsche Real Estate sells Berlin office for €225m

Deutsche Real Estate, controlled by AIM-listed Summit Properties, has sold the Carrée Seestrasse office building in Berlin on the former Osram lamp factory location for €225m. DRE, a quoted company (...)

Finance

BNP Paribas RE appoints Drukker as new CEE Chief Executive

BNP Paribas Real Estate has made the internal appointment of Erik Drukker as new chief executive for central and eastern Europe in delayed succession to Patrick Delcol. Prior to the (...)

Office

Korea's Samsung Securities was buyer in €691m acquisition of Paris Crystal Park

Paris-based manager La Française has announced that Korea's Samsung Securities was the buyer in the recent €691m acquisition of the Crystal Park office building in Neuilly. The (...)

Hospitality

Sweden's listed Pandox pays €103m to acquire three German hotels

Sweden's listed hotel specialist Pandox is paying €103m to acquire three properties with a total 565 rooms in Germany, located in Augsburg, Erfurt and Dortmund. The hotels will be (...)

Finance

Global RE outlook positive as rate environment supports yielding assets - Invesco

The global real estate outlook remains positive as a 'lower-for-longer' rate environment supports yielding assets and extends the opportunity for value-add and manage-to-core strategies, says Invesco (...)

Finance

Allianz RE takes debt fund to €1.5bn with €230m sole refinancing of Berlin's Gropius Passage

With a further sole-lender refinancing for the Gropius Passagen mall in Berlin for €230m, Allianz Real Estate has taken its newly launched Luxembourg debt fund to €1.5bn in (...)

Housing

German housing price growth accelerates over 9% in May - Europace

German residential prices accelerated to just over 9%yy in May from below 8% in April, propelled by a 10% rise in the cost of apartments, according (...)

Health / Senior

French Korian adds six Mallorcan residences to strengthen Spanish platform

Paris-based care property specialist Korian has acquired Grupo 5, a firm owning six residences on Mallorca, taking its Spanish platform to 15 with 2,160 beds five months after (...)

Housing

UK's Amro raises Iberian student resi target to €500m after first acquisitions

UK student housing specialist Amro Real Estate Partners has raised its target for investment in Iberia to €500m from €300m after first acquisitions in Spain. In response to BIE (...)

Office

Signal Iduna's Hansainvest pays €135m for office project in Helsinki

Hamburg's Hansainvest Real Assets, fund management unit of insurer Signal Iduna, has paid €135m for an office property in Helsinki developed and sold by Sweden's Skanska. The property is (...)

Finance

German investment in Scandinavian real estate exceeds €1bn, still growing

Scandinavian real estate becoming more attractive for German investors, with over €1bn ($1.34bn) in a record 12 investments flowing into the region last year, says adviser (...)

Listed

Swedish Balder's €75m diversified Gothenburg buy fits well, says founder

Swedish listed Balder has paid SEK800m (€75m) for a 55,000 sqm property package in its Gothenburg base which, founder Erik Selin told BIE, fits well into (...)

Finance

Sweden's Genesta wins €334m in first closing for third value-add fund

Sweden's private property fund manager Genesta has made the first closing of its third value-add fund with commitments of €334m, all secured from investors in its predecessor fund The (...)

Finance

Munich's Expo Real 2019 to add 7th hall, focused on innovation/technology

Munich's Expo Real trade fair, a fixture in the European real estate calendar which last year welcomed over 45,000 visitors, is to add a seventh hall (...)

Logistics

Tritax EuroBox adds asset near Frankfurt for €51m, 4.75% net yield

Tritax EuroBox, the UK REIT specialised in mainland Europe logistics, has acquired a prime modern logistics facility near Frankfurt for a total €50.6m, a net initial yield (...)

Office

Augsburg's Patrizia sells four office/resi assets in Copenhagen for €50m

Augsburg-based Patrizia has sold four mixed-use office and residential properties in Copenhagen for €50m for its Patrizia Nordics Cities Fund to Danish listed group Jeudan. The buildings comprise (...)

Office

Aberdeen Standard pays €98m for Barcelona tower as fund passes €1bn AUM

UK-based Aberdeen Standard has paid €98m for Torre Auditori in Barcelona, the largest asset to date in its Aberdeen European Balanced Property Fund which also passed €1bn in (...)

Logistics

At €480m, Blackstone, Prologis said leading bid for Colonial's Spanish logistics

US firms Blackstone and Prologis are reportedly leading the bid for the Spanish logistics portfolio being sold by listed group Colonial, with bids running as high (...)

Housing

Aberdeen Standard, Sweden's Ailon to develop 5,000 Nordic student, co-living units

Britain's Aberdeen Standard Investments and Swedish developer Ailon are to bring to market around 5,000 student and co-living residential units in the Nordics over the next three years. In (...)

Listed

Gazit Globe’s Citycon sells NREP two Finnish malls for €77m

Helsinki-based Citycon, part of the Gazit Globe group, has signed an agreement to sell two shopping centres in Finland for €77m to Nordic real estate investor NREP.  Citycon (...)

Hospitality

Accor to sell Polish Orbis plus €1.18bn real estate, buy its contracts business for €286m

Just months after boosting its stake in Poland's Orbis hotels, Paris hotel giant Accor is to sell its €1.18bn in real estate, buy its contracts business (...)

Listed

Austria's Immofinanz acquires Warsaw Spire Tower for €386m

Austrian listed property group Immofinanz is acquiring the 220 m. Warsaw Spire Tower in the Polish capital for €386m from Belgium's Ghelamco and US-based Madison International (...)

Listed

Top management of Berlin's ADO to leave as Dayan family takes control

Berlin's ADO Properties has become the second German property firm after TLG to be taken control of by the Israeli Dayan family. Its top management, including CEO Rabin (...)

Housing

Berlin's proposed residential rental price cap from January seen unconstitutional

The introduction of a rental price cap on Berlin housing next year, which includes a five-year rent freeze, is unconstitutional, says legal practice Greenberg Traurig. The current (...)

Office

UK's Catalyst pays €100m for office buildings in Toulouse, let to Airbus

UK-based investment manager Catalyst Capital is paying €100m to acquire four office buildings in the southern French city of Toulouse, all let to European aeroplane-maker Airbus. The assets, (...)

Logistics

Paris debates future of 35km 'périph' ring road

After deciding to 'green' the Eiffel Tower district and pedestrianise several traffic arteries, Paris is now debating the future of the 'périph', its 35km ring road, location of (...)

Housing

Six of Top 10 global house price markets are European, led by Slovenia, Latvia

Six of the strongest 10 world house price markets in first quarter were European, headed by Slovenia and Latvia which beat China into third place, says (...)

Finance

Eastdil splits from Wells Fargo in MBO backed by Singapore's Temasek, Guggenheim

New York-headquartered Eastdil Secured, adviser on some of the largest global real estate deals, is splitting from lender Wells Fargo in an MBO backed by Singapore's Temasek and US based-Guggenheim. The (...)

Office

London's Valesco, Korea's AIP pay €120m for Bratislava tower at 5.7%

London's private Valesco Group acting with Korean manager AIP have paid developer HB Reavis €120m for the new Twin City Tower in Slovakian capital Bratislava at an entry (...)

Finance

Tristan Capital builds €11bn real estate AUM over 10 years, still sees opportunities

Pan-European real estate fund manager Tristan Capital Partners, celebrating its 10-year anniversary this month, has built assets to €11bn in that time, and still sees opportunities (...)

Finance

German 1Q home loans rise 4.2% to €8.8bn; to reach €55bn this year

New German mortgage loans climbed 4.2%yy to a record €8.8bn in first quarter, and are likely to hit €55bn for the year as a whole, says (...)

Finance

Frankfurt's Peakside launches first blockchain-powered fund targeting €200m equity

Frankfurt-based Peakside Capital Advisors is launching its first blockchain-powered real estate fund, targeting equity of €200m with a focus on core and core-plus German office. With a (...)

Office

"Léon Grosse Immobilier wants to be a real estate developer"

Business Immo: What does Léon Grosse Immobilier represent in 2019? Barbara Koreniouguine: I joined Léon Grosse Immobilier in March 2018 with a dual objective. On the one hand, (...)

Finance

Gaudi's Sagrada Família in Barcelona wins building permit after 140 years

Nearly 140 years after construction began, the Basilica of the Sagrada Família, designed by Antoni Gaudi, has finally had its building permit approved by the Barcelona city (...)

Logistics

Cromwell REIT regains €114m Paris logistics after France drops buyback plans

Cromwell European REIT has regained control over its €114m Parc des Docks last-mile logistics asset in Paris after the French state dropped plans to expropriate the (...)

Housing

AXA IMRA pays €174m for 396-unit housing portfolio in Copenhagen

Paris-based AXA IM-Real Assets has paid €174m to acquire a 396-unit residential portfolio in the new city-centre housing project Bellakvarter in Danish capital Copenhagen. The four-asset portfolio comprises three new (...)

Office

Nuveen pays €126m for Amsterdam estate on behalf of Cityhold Office

Nuveen Real Estate has paid some €126m for the Golden Bend (Gouden Bocht) prime office-led heritage estate in Amsterdam for its Cityhold Office Partnership. The estate was predominantly (...)

Retail

Austria's Signa takes control of Germany’s Kaufhof from Canada’s Hudson's Bay

Austrian private real estate investor Signa has acquired all remaining 49.99% equity in German store chain Kaufhof from Canada's Hudson's Bay Company.  The acquisition, for which no (...)

Logistics

Blackstone said planning new firm for €6bn European logistics

Two years after Blackstone sold logistics firm Logicor for €12bn, the US wealth manager is reportedly planning to pool €6bn smaller or last-mile European properties into a new (...)

Finance

Germany's Deka launches new private saver funds, enters resi with Swiss Life

German savings banks' investment arm Deka is launching three new private saver real estate funds, one of which invests for the first time in residential in (...)

Office

Italy's BNP Paribas REIM sells two Milan office towers for €83m to Kryalos

Italy's BNP Paribas REIM SGR has sold two Milan office towers offering 16,000 sqm GLA to Kryalos SGR for €83m as part of the wind-down of its (...)

Listed

Selin builds Sweden's Balder to €11bn with buy-hold long-term cash-flows

Erik Selin, one of the least-known real estate leaders in Europe, has built Sweden's Balder to €11bn AUM without business plans, macro views or dividends - (...)

Housing

Hamburg's Deutsche Investment pays €220m for German portfolio

Hamburg-based investment fund manager Deutsche Investment has paid €220m for a mostly residential property portfolio in Germany for its special funds. In total, the portfolio comprises 38 (...)

Retail

"Ultimately we’d like to become a pan-European food retail specialist"

BIE: Greenman had €667m deployed in 64 centres in March. Is all of this in Germany? Johnnie Wilkinson: At the moment the only place where we have (...)

Office

Germany's Kingstone, Universal launch first joint fund, targeting €300m at core office

Munich's Kingstone Investment Management and Frankfurt-based Universal have launched their first joint special fund to invest up to €300m primarily in German core office. The Kingstone Wachstumsregionen Süddeutschland fund is (...)

Office

France's Icade to sell Paris Crystal Park office for €691m to Korean investor

Icade, one of France's largest listed firms, has signed to sell the 44,000 sqm Crystal Park office building in Neuilly in the west of Paris to (...)

Listed

Hamburg's MPC launches Dutch real estate platform seeded at €120m

Hamburg's listed MPC Capital has launched a Dutch commercial real estate platform, to be run by its Amsterdam-based Cairn Real Estate unit, initially grouping eight assets worth €120m. The (...)

Housing

Canada's CAPREIT sells NL housing to peer ERES for €232m, takes control

Canadian Apartment Properties REIT has sold a 26-unit Dutch multi-family portfolio for €232m to another Toronto REIT, ERES, at the same time taking control of the Europe-focused (...)

Office

BNP Paribas REIM adds office assets in Dublin, Frankfurt, Bordeaux for €125m

BNP Paribas REIM has paid around €125m to acquire three office buildings - one each in Dublin, Frankfurt and Bordeaux - on behalf of its retail-investor (...)

Finance

LaSalle IM's Mokrane joins BI sister firm iread as Senior Advisor

Mahdi Mokrane, Head of European Research and Strategy at LaSalle Investment Management, is joining Business Immo's sister company iread as Senior Advisor. Iread said Mokrane will collaborate and provide, in particular, his expertise and knowledge (...)

Listed

French executive Ehrmann to join Altarea Cogedim after leaving Carmila

Jacques Ehrmann, one of France's top real estate executives who is stepping down as head of the listed Carmila retail group this month, is to join REIT/SIIC Altarea Cogedim as Managing Director. He (...)

Listed

Frankfurt's DIC Asset acquires allied GEG for €225m, boosting AUM to €7bn

Frankfurt's listed DIC Asset is to acquire the allied GEG German Estate Group for €225m, boosting total managed asset over €7bn, and sparking a strong upgrade in 2019 (...)

Housing

Catella Residential invests €117m across Europe for south German pension fund

Swedish Catella's Berlin residential manager has paid around €117m to acquire almost 300 apartments in three transactions for an individual mandate for a southern German pension (...)

Logistics

Greenoak adds 167,000 sqm French logistics from TwentyTwo

Corelog, a unit of private manager TwentyTwo Real Estate, has sold a 167,000 sqm portfolio of French logistics assets to GreenOak Real Estate's European Logistics Fund. The portfolio consists (...)

Housing

Sweden's Heimstaden buys Dutch mgr, aims to be NL's preferred resilandlord

Sweden's Heimstaden, which in April paid €1.4bn for a 9,544-unit Dutch housing package, has added manager Vivo Wonen in an effort to become NL's preferred residential landlord. Based in Malmö (...)

Housing

US Greystar enters Spanish PRS, buying a building on Madrid's Grand Via

US residential specialist Greystar is expanding in Europe, entering Spanish PRS with the purchase of a building in Madrid, and analysing a pipeline of rented residential and student (...)

Housing

Dutch 2019 home sales seen rising 20% to record €10bn

Based on the first five months, Dutch housing sales are likely to rise this year by 20% to a record €10bn, but rising regulation may prevent (...)

Office

Half Europe's 2yr 10m sqm office pipeline is pre-let as vacancies sink - Savills

Almost half of the 10m sqm European office pipeline for 2019 and 2020 is already pre-let, says adviser Savills. First quarter vacancies are down 100bp from (...)

Finance

Real Capital Analytics raises $115m from Susquehanna to underpin growth

Global real estate research group Real Capital Analytics, based in New York, has raised $115m from US private equity firm Susquehanna to take it to the (...)

Retail

Northern Horizon pays €75m for Latvian shopping mall, entry yield 6.7%

Nordic-based manager Northern Horizon Capital is paying €75m to acquire the Galerija Centrs shopping centre in Latvian capital Riga at an entry yield of 6.7%. A release said its Baltic Horizon (...)

Housing

New investors have €40bn to deploy in European ‘Living’ property types

Residential property of all kinds is gaining in importance among investors, and after €69bn flowed into Europe last year, new entrants have another €40m to deploy, (...)

Logistics

AEW wins €275m separate logistics mandate from German insurer

Paris-based asset manager AEW has won a €275m separate account mandate from a German insurance group to establish a core logistics property portfolio across the nation. The (...)

Office

Finnish YIT plans €300m investment in Bratislava resi, mixed project

YIT, Finland's largest construction company, has acquired a 3.9 ha plot in Slovakian capital Bratislava where it aims to invest around €300m to build residential and (...)

Office

Google adds 2nd premises in central Berlin to add several hundred staff

Just weeks after US tech giant Google opened its Berlin headquarters, it has acquired an 11,000 sqm nearby building in the centre which will eventually house (...)

Housing

Geneva's Stoneweg, UK's M&G acquire Madrid land plots for €200m resi project

Geneva-based Stoneweg, together with the UK's M&G, has acquired several land plots in Madrid where it plans a 45,000 sqm residential project at an estimated cost of (...)

Housing

Spain's housing market at cruising speed, but three trends must be addressed - Tinsa

The Spanish housing market is at cruising speed, with stable prospects for the coming years, but three key trends need to be addressed, says Ignacio Martos, (...)

Listed

Berlin's TLG appoints former Elad executive Barak Bar-Hen as CEO

Berlin publicly quoted TLG Immobilien has appointed Barak Bar-Hen as new CEO, the former European head of the New York-based Elad Group.  "With Mr. Bar-Hen we strengthen the Board of Directors and (...)

Health / Senior

US Medical Properties Trust enters Swiss market, with $237m stake in Infracore

US REIT Medical Properties Trust has entered the Swiss market, paying $236.5m to acquire a 46% stake in healthcare real estate group Infracore amid the latter's ownership restructuring.  The (...)

Housing

Dutch Bouwinvest sells seven resi complexes to optimise €5.7bn fund portfolio

The €5.7bn Dutch Institutional Residential Fund managed by Amsterdam's Bouwinvest has sold seven residential complexes for an undisclosed sum to optimise the portfolio. Giving no financial or buyer (...)

Office

Korean, Warburg-HIH Edge Amsterdam West forward deal said at €250m

A Korean consortium advised by Hamburg's Warburg-HIH Invest has acquired the Edge Amsterdam West development in the Dutch capital in a forward deal said to be (...)

Finance

Schroders adds Munich's Blue to boost German, Swiss, Austrian real estate reach

UK-based investment manager Schroders has acquired Munich's Blue Asset Management to reinforce its reach in the German, Swiss and Austrian real estate markets.  Giving no financial details, (...)

Housing

Berlin Medici Living expands into Poland, targeting €200m initial investment

Berlin co-living group Medici Living, which has won investment from Corestate Capital and its founder Ralph Winter, is expanding into Poland, targeting an initial €200m for (...)

Finance

German Aurelis's net earnings surge to €263m after Laetitia portfolio sale

Net earnings by German developer Aurelis, controlled by George Soros's Grove, surged to €263.3m last year after its Laetitia portfolio sale, but are unlikely to be repeated (...)

Finance

Nuveen names Gabi Stein to spearhead EMEA real estate client advisory

Global investment manager Nuveen has appointed former Tishman Speyer executive Gabi Stein as MD for Europe in its International Advisory Services division. In this newly-created role, based (...)

Health / Senior

Sweden's Catella enters French senior housing in Nice with CMW fund

Sweden-based group Catella has entered French senior housing with its Catella Modernes Wohnen Fund, acquiring a residence in Nice operated by the French Korian Group. Paying €11.5m for the (...)

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, (...)