Business Immo, the real estate website

BLACKSTONE HEADQUARTERS

Office 30/09/2019

Blackstone said paying €100m for Barcelona’s Tarragona Tower

US fund Blackstone is reported to have paid around €100m to acquire the 18,000 sqm Tarragona Tower office skyscraper in Spain's Barcelona from UBS (...)

Logistics 25/09/2019

Blackstone launches European last-mile logistics property firm Mileway

US investment giant Blackstone has launched a pan-European last-mile logistics property firm, Mileway combining some 1,000 assets, 9m sqm of space already acquired by its funds. The (...)

Hospitality 24/09/2019

Blackstone enters Greek hospitality, acquiring five hotels for €179m

US giant Blackstone is entering Greek hospitality with the acquisition of five hotels on the Greek Islands from Cyprus-based Louis Group for an enterprise (...)

Listed 23/09/2019

Germany's Vonovia pays €1.14bn for majority in Sweden's Hembla, intends takeover

Germany's giant residential group Vonovia is acquiring a majority stake in Swedish housing firm Hembla from Blackstone for SEK12.23bn (€1.14bn), its second takeover in the nation. In a move (...)

Listed 20/09/2019

Recent M&A activity seen unlikely to signal a wave of take-private deals

Despite European listed real estate trading predominantly at discounts to NAV, recent renewed M&A activity is unlikely to signal a wave of take-private deals, (...)

Office 17/09/2019

Korean-led group said near €990m purchase of The Squaire at Frankfurt Airport

The Squaire, the 140,000 sqm office and retail complex at Frankfurt Airport, is close to being sold to a Korean-led consortium for around €990m, according (...)

Listed 16/09/2019

Euro M&A surges as Blackstone pays €4.2bn for Canada's Germany-focused Dream Global

In a major surge in European real estate M&A, US-based Blackstone is acquiring the Germany-focused Canadian REIT Dream Global for C$6.2bn (€4.2bn) in a (...)

Hospitality 03/09/2019

Spain's Azora, Palladium form 75/25 resort hotel JV, eyeing €500m investments

Madrid investment manager Azora is partnering with Palladium Hotels in a €500m JV in Mediterranean resort hotels, starting with €115m purchase of three assets, (...)

Logistics 02/09/2019

US-based retail specialist Thor Equities launches logistics division with ThorLogis

US investment firm Thor Equities, traditionally focused solely on retail real estate, is launching ThorLogis, a division specialising in the logistics sector. In a statement it (...)

Housing 30/07/2019

Berlin tops 2018 resi investment at €3.11bn, then Copenhagen, Paris, London - JLL

German capital Berlin attracted most multifamily investment last year, at €3.11bn, says JLL's European Multifamily Investment Report - followed by Copenhagen, Paris and London. The (...)

Office 04/07/2019

Paris's Lumière office complex said bought by Primonial, Korea's Samsung for €1.2bn

Likely to be France's deal of the year, Paris's largest office complex, Lumière, has been acquired by fund manager Primonial and Korea's Samsung SRA for (...)

Logistics 17/06/2019

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 (...)

Finance 13/06/2019

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 (...)

Logistics 11/06/2019

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 (...)

Finance 24/05/2019

2018 global property AUM up 12% to €2.8tr; Blackstone first to exceed €200bn

Global real estate assets under management last year rose by 12% to €2.8tr, with Blackstone becoming the first manager to exceed €200bn, say non-listed (...)

Hospitality 09/05/2019

Ten mths after selling Hispania, Spain's Azora re-enters resort hotels

Ten months after selling its Hispania resort hotel REIT/SOCIMI to Blackstone, Spanish real estate investment manager Azora is back in the hotel business. The Madrid-based group (...)

Finance 24/04/2019

CBRE GI wins €350m refinancing for Dutch Office Fund from PGIM, UK's Rothesay

CBRE Global Investors has completed a €350m refinancing for its Dutch Office Fund, provided jointly by US-based PGIM Real Estate and UK insurer Rothesay Life. The loan (...)

Office 23/04/2019

Blackstone eyes €220m selling Spanish REIT office assets separately

US fund giant Blackstone is to sell all five office assets in its Spanish REIT/SOCIMI Corona, reportedly aiming to generate €220m through individual disposals. Local Spanish (...)

Logistics 16/04/2019

McCarthy's Arrow Capital enters Spain with €200m 'last-mile' target

Arrow Capital Partners, founded by former Valad CEO Martyn McCarthy, is entering Spain and initially targeting €200m investment in last-mile logistics as well as (...)

Logistics 10/04/2019

US Clarion takes majority stake in logistics S-L specialist Gramercy Europe

US-based Clarion Partners has taken a majority stake in industrial real estate sale-leaseback specialist Gramercy Europe, which only six months ago was MBO'd from its former (...)