Business Immo, the real estate website

Allianz

Office 26/05/2020

Allianz buys Crédit Agricole Italia’s Milan HQ in a sale-and-leaseback €140m deal

Allianz Real Estate has acquired a prime office asset in the central business district of Milan for €140m in a sale-and-leaseback deal with Crédit (...)

Finance 31/03/2020

Despite Covid-19, notable deals still being completed in Europe (RCA)

Although the number and value of European commercial property transactions in March will be low in comparison with recent years because of the ongoing (...)

Finance 10/03/2020

Allianz Real Estate to combine with Pimco, forming €100bn real estate management unit

Germany-based insurance group Allianz has announced its intention to combine the strengths of its subsidiaries Pimco and Allianz Real Estate. The move aims to (...)

Finance 13/11/2019

French Apsys wins €300m 10yr Allianz senior loan to refinance Poznan mall

French shopping centre group Apsys has won a €300m 10-year senior loan from Allianz to refinance its Polish shopping centre Posnania in Poznan, taking ownership up to 100%. "The completion of this (...)

Office 03/09/2019

Singapore family office Pacific Eagle said paying €350m for Munich's 'Ludwig'

Pacific Eagle, a Singapore family office advised by the KanAm Grund group, has acquired the 27,000 sqm Ludwig office building in Munich for a price reported at (...)

Retail 17/04/2019

Allianz confirms €250m Madrid buy, says has €500m debt exposure there

Allianz has confirmed its €250m Castellana 200 purchase in Madrid and said it also now has €500m debt exposure in Spain's capital, which it ranks 4th (...)

Finance 18/03/2019

No sector for old cowboys

A maturity is entering real estate. Recognition that it is not for old cowboys but a sector where success is tied directly to user (...)

Office 27/07/2018

€3bn Paris La Défense Hermitage project passes last legal hurdle

After 10 years in preparation the massive €3bn Hermitage Plaza twin-tower project planned for Paris La Défense has been approved by France's highest legal (...)

Retail 09/05/2018

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 (...)

Housing 09/05/2018

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 (...)

Finance 17/04/2018

Global RE near end of cycle: Europe furthest away, China past it - Heise

While the global real estate economy is near the end of the cycle, Europe is furthest away and China already past it, Allianz Chief (...)

Finance 01/12/2017

Electoral law, GDP growth, supply shortage seen compressing Italian office yields

Helped by a new electoral law, GDP growth momentum and a supply shortage, Italian office sector dynamism is picking up and should produce rental (...)

Retail 17/10/2017

Echo Polska said on track to boost mall AUM with giant €621m buy

Warsaw’s Echo Polska Properties has reportedly made good on the intentions explained by CEO Hadley Dean to BIE recently – agreeing to pay €621m for a large shopping (...)

Finance 01/10/2017

FTSE re-designation culminates long Warsaw SE path out of Communist HQ

I know you won’t believe I’m old enough, but indeed I visited the Warsaw Stock Exchange at its very beginnings post-Communism, in January 1990, (...)