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 général

Audrey Cerati

Coordinatrice régie

Josée Battistini

Chargée d'affaires

Claudine Baudère

Comptable générale

David Catelain

Directeur général

Audrey Cerati

Coordinatrice régie

Delphine Chho

Responsable data

Karine Coldeboeuf

Chargée de formation

Naziha Dupont

Opératrice de saisie - documentation

Judith Dupuis

Opératrice de saisie - documentation

Charlotte Geirnaert

Responsable conférences et formations

Emmanuelle Graffin

Architecte DPLG, journaliste, secrétaire de rédaction

Jean-François Grazi

Co-fondateur et associé

Pierre Guidou

Rédacteur graphiste - PAO

Sylvain Henry

Digital Manager

Anne Herlin

Secrétaire de rédaction

Gilles Le Gargasson

Assistant documentaliste

Philippe Lerévérend

Directeur de projet

Olivier Monat

Agitateur du Club Innovation & Immobilier

Ève Montanari

Responsable abonnement et diffusion

François Oullion

Chargé d'affaires

Nadia Pereira

Comptable clients

François Perrigault

Chef des informations

Anaïs Piot

Responsable communication et événementiel

Valérie Prieur

Directrice commerciale et marketing

Sandra Roumi

Présidente

Estelle Santous

Journaliste rédactrice et reporter d'images

Anaïs Sarazin

Community Manager

Julien Tabourdeau

Chargé d'affaires

Gaël Thomas

Directeur de la rédaction

Vanessa Tran

Coordinatrice conférences et formations

Jean Venet

Opérateur documentaliste

Finance

Engel & Völkers consolidates in Frankfurt under consultancy arm

Engel & Völkers Commercial, part of the Hamburg-based brokerage group, is establishing a new, stronger presence in Frankfurt after its consulting arm took over management of (...)

Retail

Retail, logistics lines blurring, yield gaps narrowing - Savills

The line distinguishing European retailers and logistics is, like their yield differences, becoming increasingly blurred, says adviser Savills. Retailers adapting to omni-channel strategies including logistics will (...)

Office

Tishman Speyer buys Frankfurt tower for new German IM platform

Global developer Tishman Speyer has acquired the Bürohaus an der Alten Oper in Frankfurt for a new investment management platform, the third office tower to change hands in the city in (...)

Finance

Japan pension giant GPIF awards global real estate mandate to CBRE GIP

Japan's Global Pension Investment Fund, the world's largest pool of retirement savings with $1.43tr AUM, has appointed CBRE Global Investment Partners as its global real estate (...)

Finance

French Tikehau to acquire Paris mgr Sofidy for some €200m equity value

Paris-based listed investment firm Tikehau Capital is to acquire French real estate manager Sofidy at an equity value around €200m plus another €100m for cash reserves, (...)

Listed

Corestate founder Winter buys back part of 10% placement

Corestate Capital founder Ralph Winter has bought back into the firm, adding 250,000 shares worth €11m just seven months after he sold over 10% of equity (...)

Finance

Non-listed fund expense ratios, at 0.86%, highlight growing transparency - INREV

The non-listed real estate fund sector has made a dramatic leap in transparency, says industry body INREV, and a record 115 contributed to a study that (...)

Finance

Frankfurt's KanAm invests €130m of new European Cities fund

The Frankfurt-based KanAm Grund group has established a new real estate fund for institutional investors, KanAm Grund European Cities, and in under two months added properties worth over €130m. The cities (...)

Housing

German building permits up 1.9% at 203,000 in year to July

German building permits in the year to July climbed 1.9% to 203,300 from the same period last year, according to official statistics. The permits were valid for (...)

Hospitality

French manager Corum adds six Finnish hotels for fund

Paris-based real estate asset manager Corum has acquired a portfolio of six hotels across Finland from CapMan Hotels RE for around €70m, acting on behalf of its fund Corum Convictions SCPI.  The portfolio (...)

Finance

Norway's Axactor adds €102m Spanish distressed real estate portfolio

Norway's listed Axactor has acquired a distressed 1,500-asset real estate portfolio assessed at €102m from a Spanish bank, its seventh foray into Spain marked last year by a (...)

Finance

Property professionals confident in run-up to Expo Real in Munich

Property professionals remain confident in the run-up to Expo Real in Munich that the sector will continue to do well, say organisers, who carried out an online (...)

Listed

German Patrizia renames all units under parent brand

Less than a year after the takeover of real estate managers TRIUVA and Rockspring, German listed Patrizia has brought all group units under the single shared brand of (...)

Housing

Europa Capital options 15th century Majorcan palace for resi conversion

London-based investment manager Europa Capital, is pushing further into housing, signing an option for €22m on a 15th century palace in Palma, Majorca, that it intends (...)

Listed

Founders take more equity as Paris REIT Inea reorganises ownership

Paris-based REIT Foncière Inea, managing €530m AUM, has reorganised its equity, buying back holdings from a family office in a move in which both founders, Philippe Rosio and (...)

Listed

Bucharest's Globalworth confirms net surge, eyes London's main market

After robust expansion in the last 12 months, Bucharest-based Globalworth, listed on AIM, confirmed interim results showing first half net surged to €56.4m, and said it is (...)

Listed

After delays, Portugal cites January 2019 as start date for REITs

After several delays, Portugal is planning to introduce REIT legislation in January for all real estate asset classes and will finalise details before year end, says a senior (...)

Finance

CRE investment surges in NL, Poland, Ireland, Portugal - Savills

First half real estate investment in Europe fell 5%yy to €97bn overall, says global adviser Savills. But incoming volumes surged in The Netherlands, Poland, Ireland and (...)

Finance

European 1H CRE investment up 2% to €115bn - BNPP RE

Commercial real estate investment in Europe rose 2%yy in first half to reach €115.4bn but incoming foreign capital slipped 5% and the mix of investors also (...)

Office

French Cegereal adds Paris office for €218m, plans €80m cap raise

French REIT/SIIC Cegereal, controlled by US firm Northwood Investors, has paid €218m to buy Passy Kennedy, a 23,615 sqm office in the 16th quarter of Paris, and (...)

Retail

NEPI Rockcastle acquires Mammut malls in Budapest for €254m

NEPI Rockcastle, the merger of two South African REITs focused on central European retail property, has acquired the dual Mammut malls in Budapest for €254m from (...)

Finance

Spain's commercial real estate to stay on growth course - Deutsche Hypo

Spain's positive economy is providing its real estate market with an ongoing tailwind, and office, retail, hotel and logistics are on a growth trajectory that should (...)

Finance

Milan, Amsterdam, Oslo property most at risk from ECB tightening - UBS

With property prices significantly dependent on bond yields, markets such as Milan, Amsterdam and Oslo are most vulnerable as the European Central Bank winds down its (...)

Finance

Paris, Berlin hold top spots in M&G urban connectivity ranking

Paris and Berlin have retained their top positions in the urban connectivity ranking launched in 2016 by investment manager M&G to assess physical and digital transport (...)

Finance

Blackstone, Centerbridge said in €3bn bid for Santander’s Madrid HQ

In one of the biggest real estate deals this year in Spain, a consortium led by US funds Blackstone and Centerbridge is reportedly offering over €3bn to acquire (...)

Housing

Blackstone takes control of Spain's Testa less than 2mths after flotation

US-based Blackstone has taken control of Spanish listed housing firm Testa less than two months after flotation, buying 50.01% in an offer for Merlin Properties' 17% (...)

Finance

German 2017 off-market real estate deals as high as €40bn - study

German off-market transaction volume reached €40bn last year, about another 60% on top of the €70bn institutional market volume reported by the main advisers, according to (...)

Office

Commerz Real's Frankfurt Omniturm buy said at €700m

Commerzbank's real assets manager Commerz Real has purchased one of Frankfurt's largest and most spectacular office projects, Omniturm, for a price reported to be almost €700m. Seller (...)

Finance

Spain's bad bank Sareb sells 10,600 assets for €553m in first half

Sareb, Spain's 'bad bank' tasked with restructuring its financial system, sold 10,618 properties in the first half, 9% more than in 1H17, and said the operations (...)

Finance

France's financial stability council calls for vigilance over property credit growth

France's financial stability council HCSF has warned over the growth of real estate credit in the nation after it rose 5.5% in the year to June (...)

Logistics

Blackstone to acquire 49-unit logistics portfolio from Starwood, M7

US investment management giant Blackstone has agreed to acquire a logistics portfolio comprising 49 assets held in the MStar Europe joint venture between US fund Starwood (...)

Office

GEG adds first office for Singapore GIC’s German value-add mandate

The private German Estate Group, which Tuesday announced a €275m Frankfurt tower purchase, has been mandated by Singapore sovereign fund GIC on a value-add office strategy (...)

Retail

French Le Printemps chain eyes record year after 1H sales rise 6%

French iconic department store group Le Printemps expects record sales this year after first half volumes rose 6%yy, says CEO Paolo de Cesare. It will boost (...)

Office

Schroder adds Frankfurt Pollux office tower for reported €230m

London-based Schroder Real Estate has acquired, on behalf of a joint venture, the 35,000 sqm Pollux office tower near Frankfurt's trade fair ground for a price (...)

Housing

CBRE GIP, Madison invest €870m in 6.5k Spanish resi package

CBRE Global Investment Partners and Madison International Realty are jointly acquiring a 6,458-unit Spanish residential portfolio valued at €870m from Madrid's Azora group, which will retain (...)

Office

European Banking Authority signs on Paris La Défense Europlaza as new HQ

Two years after the UK's Brexit vote which sparked a decision last November to move the European Banking Authority to Paris, the agency has signed to (...)

Retail

Austrian Signa, Canada's Hudson's Bay unite Kaufhof, Karstadt in new retail group

Austria's Signa group has confirmed that German department stores Kaufhof and Karstadt are to be merged in a giant new retail company with Canada's Hudson's Bay (...)

Listed

ActivumSG sells out of German Instone for €391m after lock-up ends

ActivumSG, the Jersey-based manager founded and run by Saul Goldstein, has sold out of housing developer Instone which it created, placing shares worth €391m after the expiry of (...)

Office

GEG invests €275m to acquire 7th prime asset in Frankfurt

GEG German Estate Group, a joint venture between Germany's DIC and US-based M&A giant KKR, has invested €275m to acquire the Garden Tower in Frankfurt from a (...)

Listed

HIAG, Montea, Civitas to join FTSE EPRA Nareit Developed Europe Index

The European listed real estate firms HIAG, Montea and Civitas, respectively quoted in Zürich, Brussel/Paris and London, are to be added to the FTSE EPRA Nareit (...)

Finance

London manager Avignon hits €1.1bn AUM, helped by China deal

Avignon Capital, the London-based property investment manager that in March landed the international platform of China's largest bank CITIC as partner, said it has reached €1.1bn (...)

Finance

French La Francaise adds German Veritas to aid €70bn AUM target

Paris-based investment manager La Francaise has acquired German property asset manager Veritas, which runs over €7bn AUM in two firms based in Frankfurt and Hamburg, part (...)

Finance

EPRA delegates rise as investors, analysts seek undervalued assets, M&A

There seems little doubt that the more than 400 delegates to the EPRA conference last week reflected the rising interest in listed real estate due to (...)

Office

In 2nd German deal, Bahrain's Investcorp pays €86m for Eschborn office

Bahrain-based Investcorp has made its second real estate investment in Germany, paying local firm Cilon €86m for the KO Campus complex in Eschbornnear Frankfurt.  Co-CEO Rishi Kapoor said Investcorp's European team is still ramping (...)

Housing

French home buying supported by ease of access to mortgages - survey

A record 56% of all French citizens feel that home mortgage loans are now easy to obtain so that bank lending continues to support the market, (...)

Retail

Future of retail lies not in online or stores but in both - EPRA debate

The future of retail lies not in online or stores but in multi-channel, the EPRA conference heard last week. But internet shopping has further to go, (...)

Retail

Hamburg fund Captiva pays €160m for German Hellweg DIY retail

Hamburg fund manager Captiva Capital has paid €160m to acquire a portfolio of eight German retail properties in a sale-leaseback from the home improvement group Hellweg. The (...)

Listed

Polish mall group EPP doubles 1H net profit to €79m

Polish listed shopping centre group EPP, formerly Echo Polska Properties, doubled first half net profit to €79.4m on the back of sharply higher operational profit after (...)

Listed

Poland to introduce REITs in January, restricted to residential firms

Poland will, after several delays, bring forward legislation to introduce REITs from next year but will restrict the status initially to residential real estate, including student (...)

Retail

German Kaufhof, Karstadt merger said going ahead

The merger of Germany’s two store chains Kaufhof and Karstadt is reportedly going ahead after the cartel office and creditor banks separately agreed that Canada's Hudson's (...)

Logistics

China reported to order divestment of Logicor stakes

China is reported to have ordered some investors in Blackstone's former European industrial property firm Logicor, saying the stakes violate regulations on overseas holdings. The report, by Bloomberg (...)

Office

Co-working here to stay but unlikely to dominate office lettings - EPRA

Co-working space offered by firms such as WeWork should be included in office investor strategies and while it is unlikely to dominate letting demand it serves as a (...)

Hospitality

European hotels eye doubled global middle class in 20 years - EPRA

European hotel investment has gone from a small sector to a mega-industry and, with the global middle class expected to double in 20 years, is on (...)

Hospitality

Spain's Azora eyes more hotel investments after Hispania sale to Blackstone

Azora, the Madrid-based investment manager that built and then sold Spanish REIT Hispania to Blackstone, aims to invest further in resort hotels but is not yet (...)

Hospitality

Airbnb more threat to rented residential than hotel sector - EPRA panel

Airbnb and other similar internet-based lodging platforms pose no real threat to the hotel industry but more to rented housing in the major cities, the EPRA (...)

Housing

Deutsche Wohnen focuses on rent uplift rather than resi, care expansion

Berlin listed housing firm Deutsche Wohnen aims to exploit rental income potential from its 160,000 housing units, and sees this with more potential than expanding portfolio (...)

Housing

Hamburg's Union pays €82m to add 750 German housing units to fund

Hamburg-based Union Investment Real Estate, part of the German cooperative banking system, has added 750 housing units to its UniImmo: Wohnen ZBI fund for a cost (...)

Listed

Germany's Vonovia buys Starwood out of Sweden's Victoria Park

German listed housing firm Vonovia has acquired the US Starwood Capital Group's full stake in Sweden's Victoria Park at its original offer price, taking its holding (...)

Listed

Listed housing firms such as Vonovia to boom in Europe – EPRA

Publicly-quoted housing firms like Germany's giant Vonovia will boom in Europe as policymakers grapple with soaring demand, EPRA executives say. Markets in Netherlands and Spain will (...)

Housing

2018 Spanish home sales could reach 0.5m after strong 2Q - registrars

Spanish home sales could reach 0.5m this year after second quarter transactions surged 12.4% above 1Q17 levels to 134,196, according to the nation's College of Registrars. The (...)

Finance

Terminating Euro property funds to sell €21bn in next 10 yrs - INREV

A total of 92 European closed end real estate funds are set to terminate over the next 10 years, releasing a potential €20.9bn of assets into (...)

Listed

Growing investor interest boosts EPRA Berlin conference over 400 participants

The EPRA annual conference in Berlin, which starts today, has attracted over 400 participants, the largest to date, as investors seek personal contact with execs from (...)

Housing

Europe's housing markets stage a soft landing - S&P Global

Europe's housing markets are staging a soft landing mainly since monetary conditions will stay favourable, says S&P Global Ratings. German and French prices will slow this year (...)

Finance

Business Immo appoints Valérie Prieur as Sales and Marketing Director

Business Immo is pleased to announce the appointment of Valérie Prieur as Sales and Marketing Director in charge of all commercial activities, including marketing and subscription sales. Ms. Prieur, who (...)

Logistics

Tritax EuroBox in exclusive talks on eight logistics assets worth €550m

Tritax EuroBox, a British REIT focused on European logistics which made a £300m London IPO in July, said it is in exclusivity on eight purchases in (...)

Finance

Global real estate backdrop more challenging - UBS

The global backdrop for real estate has become more challenging due to narrowing yield premia, weakening economies and deteriorating US trade relations, says UBS Investment Bank. "Despite (...)

Listed

Hamburg's TAG ups FFO, dividend guidance after 20% 1H FFO rise

Hamburg's listed TAG Immobilien, which manage 82,400 housing units, reported first half FFO at €71.2m, well up from €59.4m in 1H17, and raised its full-year FFO (...)

Listed

UK's Kildare in €730m agreed offer for Finnish workspace firm Technopolis

London-based private equity firm Kildare Partners is making an agreed takeover offer for Finnish workspace company Technopolis at €4.65 per share, valuing the target at €730m. (...)

Finance

France's merger of insurer CNP, La Poste aims at new strategy, stemming losses

The French government is to table new legislation to merge state-controlled insurer CNP Assurances with La Poste, hoping to set a new strategy for the post (...)

Office

Frankfurt's DIC Asset in €153m forward office buy in Düsseldorf

Frankfurt's listed real estate investment manager DIC Asset is investing €153m to acquire the Infinity Office project in Düsseldorf in a forward purchase deal from the (...)

Listed

Vonovia raises 1H FFO 11% to €510m, now manages 404,000 residential units

Germany's Vonovia boosted first half funds from operations 11.5% to €510.3m without contributions from its two takeovers, Austria's BUWOG and Sweden's Victoria Park. Including these, it now manages 404,000 residential (...)

Listed

Vienna's S Immo hits record first half FFO at €34m, but net slides

Despite extensive sales in recent years and a cut in rental income in first half 2018, Vienna-based S Immo said it substantially increased FFO1 to an (...)

Listed

Aroundtown's IH FFO surges 46% to €189m, AUM up €3bn ytd

Fast-growing European commercial property group Aroundtown posted a 46% surge in first half FFO to €189m, up 6% per share, and made over €1.4bn of acquisitions, taking total (...)

Listed

Austrian Immofinanz raises 1H FFO1 74% to €48m but net slides

Vienna listed Immofinanz reported a 74% rise in FFO1 for the first half to €48.4m. Although net profit slid 18% to €86m, it said it is (...)

Listed

Austria's CA Immo raises 1H FFO 13%yy to €63m; FY to beat 2017

Austrian listed CA Immobilien, now controlled by US opportunity fund Starwood Capital, raised FFO I in the first half by 13%yy to €63.2m and said it (...)

Listed

Germany's LEG confirms FFO forecasts after 5% rise in 1H to €156m

German listed housing group LEG Immobilien said it is well on track to hit full-year forecasts, and reported FFO1 up 5.1% in first half to €156.4m. First half 2018 operating (...)

Office

Savills IM pays HB Reavis €200m for Warsaw's Gdanski assets

In one of the largest transactions in Poland this year, Slovakia-based HB Reavis has sold two Warsaw office buildings, part of the Gdanski Business Center, for over €200m to Savills Investment Management. The (...)

Listed

With 1H FFO up 35%yy at €29m, Warsaw's GTC sees healthy CEE demand

Warsaw's listed commercial property developer and investor GTC boosted funds from operations 35%yy in the first half to €29m, and said healthy demand for CEE office (...)

Listed

CEE specialist Globalworth posts 9x surge in 1H interim net to €57m

AIM-listed Romania-based Globalworth, which has been on a strong acquisition and capital raising drive over the last year, reported a 9x surge in first half interim net (...)

Housing

French May-July housing permit decline deepens to 12% - ministry

French residential building permits sharply increased their decline in the three months to July, down 12.1% to 119,900 from the same 2017 period, while starts also (...)

Listed

Berlin's TLG raises 1H FFO 45% on WCM buy, sees further acquisitions

Berlin's TLG Immobilien, which in July said its two CEOs are to step down, reported a 45%yy rise in 1H FFO to €67.6m after the takeover (...)

Housing

German housing permits slip to 168,491 in first half

German residential building permits fell by fractional 0.6%yy in the first half of 2018 to a total of 168,491, according to the federal statistics office Destatis. This number (...)

Listed

Hamburg's alstria office REIT raises 1H FFO to €58m, 2018 guidance

Hamburg's alstria office REIT turned in a 2.6% increase in FFO to €58m in the first half while EPRA NAV slipped to €12.53 per share after (...)

Retail

Gazit's Atrium pays €301m for Warsaw's downtown Wars Sawa Junior mall

Atrium European Real Estate, a Jersey-based affiliate of the Gazit Globe group, has agreed to acquire Wars Sawa Junior, a prime retail asset in Polish capital (...)

Listed

German listed housing firm Deutsche Wohnen raises 1H FFO 13%

German listed Deutsche Wohnen increased FFO by 13% in first half to €248.5m, though group profit fell to €652.7m mainly due to a lower portfolio revaluation, (...)

Listed

Germany's Hamborner REIT raises FFO forecast after 18% 1H rise

Germany's Hamborner REIT reported an 18% rise to €26.1m in funds from operations for the first half and, due to the positive business trend, raised its (...)

Listed

Canada's Europe-focused office REIT Dream Global now with 243 assets

Canada’s Dream Global REIT, focused on office property in Europe, mainly Germany and the Netherlands, now owns 243 assets, up from 151 last June, and said (...)

Housing

Berlin eyes restrictions on foreign residential buyers - mayor

The current mayor of Berlin, Michael Müller, says the city is considering far-reaching measures to combat the housing shortage, including restricting foreign speculative buyers. He told the (...)

Listed

NYSE's Kennedy Wilson names Europe head Ricks as global president

NYSE-listed global real estate investment company Kennedy Wilson has named former European head Mary Ricks as its global president. Chairman and CEO William J. McMorrow said in (...)

Listed

Berlin housing firm ADO raises 1H FFO 25%, sees €66m run rate

Listed Berlin housing company ADO Properties increased funds from operations by nearly 25%yy and its portfolio 15%yy in first half, saying it is on track for (...)

Housing

Top-end Amsterdam house prices surge 14%yy in 1Q - Engel & Völkers

Top-end residential prices in the Dutch capital Amsterdam surged by 14%yy in the first quarter of this year, mainly due to the scarcity of supply, according (...)

Listed

Luxembourg's Corestate Capital boosts 1H net to €61m, sees positive outlook

Listed Luxembourg-based investment manager Corestate Capital reported a 167% surge in first half adjusted net profit to €60.9m, and said it is internationalising in product and operations. It (...)

Logistics

European logistics yields fall below 6% for first time - Cushman

European logistics yields dropped 14bp to 5.95% in second quarter, taking them under 6% for the first time, according to adviser Cushman & Wakefield's latest DNA (...)

Listed

Germany-focused Grand City boosts 1H FFO 16% to €99m

Germany-focused listed housing firm Grand City Properties, an affiliate of the Aroundtowngroup, increased first half funds from operations by 16% to €99m, and said it is on (...)

Housing

German house prices to rise while politics constrains land supply - Hypoport

The German housing market is political, and constraints on land released for private development mean urban prices will continue to rise at 3%-5% annually, says the (...)

Finance

Cushman shares rise 7% in first NYC trades after IPO raises $765m

Shares in global commercial real estate adviser Cushman & Wakefield rose as much as 7% on the first day of trading Thursday after its initial public (...)

Finance

Eyeing a turn in RE yields, investors reassess targets, strategies - Germany's Union

Most real estate investors in Germany, France and UK expect returns to start rising again in 2019 or 2020, and are reassessing yield targets, increasingly worried (...)

Finance

France’s appeal resurges as Grand Paris creates value for all - BNPP RE

The resurgence of France’s appeal in 2017 and early 2018 has been spectacular, and contributes to its international influence, says adviser BNP Paribas Real Estate. The (...)

Finance

Acute CEE labour shortages risk slowdown, hitting real estate - Colliers

Acute labour shortages have arisen in central Europe due to low unemployment, dynamic growth, emigration, and the rapid development of the service sector, says adviser Colliers. (...)

Housing

German 1H resi deals up 19% to €8.8bn on Vonovia, Adler - Savills

First half German residential investment rose 19% to €8.8bn, propelled by the takeover of Buwog by Vonovia and the 70% of Brack Capital bought by Adler Real Estate, says adviser Savills (...)