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Last update July 24, 2018 | Report an error

Retail

French retail giant Carrefour in first European linkup with Google e-commerce

French supermarket group Carrefour, the world's largest, has signed a strategic partnership with US tech giant Google to sell its products via a new Google e-commerce website, becoming the (...)

Retail

Spanish retail park pipeline set for near 500% increase in 2018 - C&W

The pipeline for new out-of-town retail parks in Spain point to a near 500% increase to 180,000 sqm this year against just 38,000 sqm developed in (...)

Hospitality

France’s AccorHotels signs partnership to boost budget segment

Just days after ceding control of a €4.6bn portfolio, the Paris-based global hospitality group AccorHotels has announced a strategic partnership with budget hotel firm Dalmata Hospitality to bolster its 1- (...)

Retail

German ECE said set to re-enter Spain with €450-€500m three-centre mall portfolio

Hamburg-based shopping centre giant ECE is close to re-entering the Spanish market with the purchase of three malls in regional cities for between €450m and €500m, according to (...)

Housing

CBRE GI aims to beat €800m Spain investment as it enters residential

CBRE Global Investors, the real estate investment arm of the US-listed CBRE adviser, this year is seeking to match or even exceed the €800m it invested in (...)

Retail

Renamed Unibail-Rodamco-Westfield starts with €13bn project pipeline

Giant French-Dutch shopping centre REIT Unibail Rodamco is to be renamed Unibail-Rodamco-Westfield following closure of its acquisition of the Australian group, and said it moves into the future (...)

Health / Senior

France's Primonial aims €800m at German healthcare with US REIT

French investment manager Primonial has entered exclusive talks to acquire, on behalf of institutional clients, a 50% stake in a €1.635bn German healthcare real estate portfolio held by (...)

Finance

Fund mgr Aerium finalises €694m refinancing of 11 assets and portfolio across Europe

London-based real estate fund manager Aerium has finalised the €694m refinancing of 11 assets and portfolio across Europe with several major European banks, saying it was taking advantage (...)

Office

Lack of quality office space to drive Madrid/Barcelona rents – Knight Frank

Rising demand and shrinkage of available quality space should continue to drive up prime office rents in Madrid and Barcelona and take-up is on track to (...)

Hospitality

Thailand’s Minor launches €2.5bn takeover bid for Spain's NH hotels

Thailand-based hotel group Minor International, one of the largest hotel groups in Asia-Pacific, is launching a full takeover bid for Spain's listed NH Hotel group in a deal valued (...)

Housing

French parliamentary debate heats up as govt amends social housing quotas

The French National Assembly debate on housing reform became yet more divisive Tuesday as the Loi Elan housing legislation debate touched an amendment to the SRU law which (...)

Retail

S.Africa's NEPI Rockcastle adds mall in Poland's Olsztyn for €65m

Johannesburg-listed NEPI Rockcastle, the largest mall owner in central Europe, has bought Aura shopping centre in Olsztyn, Poland, for €64.9m as it continues its aggressive acquisition campaign (...)

Finance

European commercial real estate bargains drying up, C&W warns

European commercial property bargains are drying up as the cycle matures, with only 19% of the market now underpriced, says adviser Cushman & Wakefield. Only certain sectors (...)

Housing

US Round Hill makes first Finland resi buy at 3,263 units; to seek more

US-based opportunity real estate manager Round Hill Capital has made its first residential purchase in Finland, buying 3,263 units in 106 buildings from Helsinki asset manager (...)

Housing

France’s National Assembly backs rise in social housing sales to 40,000 p.a.

France’s National Assembly voted through an amendment to the Loi Elan marathon housing bill Sunday which could boost social housing sales to sitting tenants fivefold to 40,000 a (...)

Housing

Dutch Kempen Capital aims at alternative real estate opportunities

Business Immo : What is the weight of alternative classes in your real estate holdings? Matthijs Storm : Kempen holds around €2.5bn in real estate assets worldwide. The portion of alternative (...)

Housing

Spain 2017 home sales surge 21% to €74bn, reaching 7yr high

Home sales in Spain surged to their highest level since 2010 last year, rising 21% from 2016 to €73.85bn, confirming the strong recovery of the Spanish (...)

Office

French Primonial aims at €20bn AUM, halving office exposure - Frapet

The new head of France’s Primonial REIM, one of the country’s biggest private property investment managers, says he aims to grow assets to €20bn in five years (...)

Retail

Polish Sunday shopping ban likely to boost online, retailer delays

Poland’s Sunday shopping ban is likely to give already booming online retail a new boost, but traditional retailers are putting expansion on hold as they assess (...)

Listed

France’s listed Frey in €202m capital raise to fund projects, add investors

French listed retail park group Frey has announced a €201.9m capital increase to help fund 412,000 sqm in 14 new projects, and acquisitions. The move also brings two (...)

Housing

French National Assembly starts Elan housing reform marathon

France’s landmark Elan housing bill, which aims to make new homes cheaper and easier to build, is being debated in the National Assembly this week in what is (...)

Housing

Spain’s Testa finalises €207m Caixa resi buy with €92m borrowing

Spanish housing firm Testa Residencial, currently being prepared by its owners for an IPO, has signed a €92m credit financing for the €207m acquisition of 1,329 apartments (...)

Housing

France’s Eurazeo, Spain’s Dazia said targeting €250m Spanish resi in JV

Paris-based Eurazeo Patrimoine, the real estate arm of listed private equity firm Eurazeo, is launching a €70m residential joint venture in Spain with Madrid's Dazia Capital which is reported (...)

Office

Conren Tramway's €150m Barcelona purchases highlight confidence in city

Spain's Conren Tramway, a partnership between Frankfurt's Conren Land and Barcelona-based Tramway Capital, said its €150m investment in three properties in the Catalonian capital highlight its (...)

Green

France eyes compulsory solar panels for new buildings

A French government working group launched last month to accelerate development of solar energy, especially photovoltaic, is considering proposals for solar panels to be made compulsory (...)

Finance

Investor, tenant demand for European property stays strong in 1Q - RICS

The European real estate market was still going strong in first quarter in cities like Amsterdam, Berlin, Frankfurt and Paris thanks to strong investor and tenant (...)

Office

Barings pays over €100m for Harolden 44 office in Stockholm

International fund manager Barings has acquired the Härolden 44 office building in Stockholm for over €100m from Swedish investment fund Mengus on behalf of institutional investors. Barings Real Estate said in (...)

Office

French REIT Inea targets €1bn in green office assets by 2021

French REIT Foncière Inea aims to grow assets to €1bn by end 2021 from under €700m now, focusing especially on sustainable 'green' office space in the large regional (...)

Finance

Macron to unveil steps to improve France’s disadvantaged urban areas

French President Emmanuel Macron is set to unveil new measures to lift the quality of life in France’s most disadvantaged urban areas at a meeting with city officials, (...)

Housing

UK’s Amro rolls out €300m student flat investment in Spain, Portugal

London-based student accommodation specialist Amro Real Estate Partners is seeking a joint venture partner for a €300m student accommodation investment program in Spain and Portugal. The firm said in (...)

Logistics

Tight Paris warehouse space supply begins to hit e-commerce

Warehouse supply in central Paris is becoming severely constrained, posing a dilemma for many e-commerce merchants seeking to do business there, says a new survey by (...)

Housing

French 1Q new home sales fall 10% as market awaits Loi Elan

New home sales in France in first quarter fell by 10.2% from 1Q17 and new units coming onto the market slid by a even stronger 14%, (...)

Housing

France passes office conversion change that could add 20,000 Paris houses

French MPs have passed an amendment to the nation's housing law to ease conversion of offices to residential in a move that the government says could (...)

Retail

BMO’s Kelley - high prices making French high street investments difficult

Real estate fund BMO, a unit of Canada's Bank of Montreal, aims to signifcantly expand its city centre retail assets in France but is having difficulties with high (...)

Finance

Colliers in 'transformational' $450m deal for 75% of US Harrison Street

Global real estate adviser Colliers is paying $450m for a 75% stake in Harrison Street Real Estate Capital, a US-based investor increasingly active in European student housing which in January (...)

Logistics

Nordics to benefit from data explosion, centre investment demand - Savills

The Nordic region, especially Norway, will benefit from the explosion of data in the next few years and accompanying huge data centre investment, says adviser Savills. Global (...)

Listed

Spain's manager Azora postpones IPO after Blackstone Hispania bid

Spanish real estate manager Azora Altus, which created and manages the REIT/SOCIMI Hispania, is postponing its own IPO in light of uncertainty created by Blackstone's €1.9bn bid (...)

Housing

French govt sets roadmap to housing tax abolition by 2021

France is to abolish housing tax by 2021 and should replace some €20bn of lost revenues by diverting other property tax income or reallocating national taxes (...)

Hospitality

France to appeal court halt to Wanda’s €3.1bn Paris Europacity

The French government is to appeal a court ruling that threatens to halt the €3.1bn EuropaCity leisure project northeast of Paris financed by Chinese group Dalian (...)

Retail

Apple lease, 20yr plan key to €600m price-tag for Champs Elysees - Hines France MD

Business Immo: Why did you buy the 114 Champs-Élysées for almost €110 000 per sqm? Xavier Musseau: This transaction is atypical both in terms of size and (...)