Business Immo, the real estate website

Bank of Montreal

Listed 05/11/2019

Spanish REIT Arima wins €60m equity offer from Canada's Ivanhoé

Amid a growing trend for private capital to buy into listed real estate, Spain's REIT/SOCIMI Arima has won a €60m subscription offer from Canada's (...)

Retail 01/10/2019

BMO's Best Value Europe II fund reaches €250m in equity, €233m GAV

BMO Real Estate Partners, part of Canada's Bank of Montreal group, has won €250m in equity commitments for its Best Value Europe II fund, (...)

Housing 25/07/2019

Spanish housing developer Neinor reverses 1H18 net loss with profit of €12.4m

Neinor Homes, the Spanish housing developer with Orion Capital Managers as a major shareholder, this year reversed its 1H18 net loss to report profit of (...)

Office 28/06/2019

GEG German Estate acquires Frankfurt's Palazzo Fiorentino for €50m

GEG German Estate Group, in the process of being merged into Frankfurt's listed DIC Asset, has purchased the 11,000 sqm Palazzo Fiorentino in Frankfurt (...)

Retail 25/06/2019

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 (...)

Listed 20/06/2019

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 (...)

Listed 03/01/2019

New Madrid office REIT Árima agrees €110m acquisitions by year-end

Madrid office REIT/SOCIMI Árima, created by former executives of Axiare acquired last year by Colonial, agreed acquisitions worth €110m by year end, just two months after its (...)

Office 23/07/2018

BMO acquires Berlin Leipziger Platz complex for reported €300m

BMO Real Estate Partners Germany, part of Canada's Bank of Montreal financial group, has acquired the mixed office-retail complex Leipziger Platz 14-16 in Berlin in a (...)

Hospitality 12/06/2018

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 (...)

Retail 17/05/2018

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 (...)

Retail 09/05/2018

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 (...)

Finance 11/04/2018

Spanish Hispania manager Azora announces IPO; €700m reported capital raise

Spain's Azora, the external manager of REIT/SOCIMI Hispania and other real estate firms, confirmed Wednesday that it is planning its own stock market flotation. Reports say it (...)

Listed 29/03/2018

Israeli Adar's stake in Spain's Neinor soars to 27.8%, sparking bid speculation

Israeli-controlled fund manager Adar Capital Partners has now built its stake in Spanish residential developer Neinor Homes to 27.8%, sparking speculation in Spanish media (...)

Finance 20/02/2018

German TLG shareholder Adar takes largest 9.2% stake in Spain's Neinor Homes

Israeli-controlled fund manager Adar Capital Partners, a senior shareholder in Germany's TLG Immobilien, has built a 9.2% equity stake in Spain's Neinor Homes, making it the largest (...)

Finance 18/01/2018

Norway's €874bn SWF holds 4.8% of Spain’s Neinor after placement

Norway's giant pension sovereign fund has declared a 4.8% investment in Spanish REIT/SOCOMI Neinor Homes after the accelerated book building last week in which the sponsor, (...)