Business Immo, the real estate website

Coronavirus

Listed 06/08/2020

Altarea records an increase in its net income, notably thanks to the housing sector

In the first half of 2020, Altarea has announced an 8.1% increase in sales to €1.4bn. Altarea has been able to contain the immediate (...)

Finance 06/08/2020

Patrizia records an operating income of €74.1M in 1H 2020

Patrizia AG has recorded an operating income of €74.1m in H1 2020. This compares to €79.0m operating income in the same period last year, (...)

Listed 05/08/2020

Good rental income and financial indicators for Segro

At 30 June 2020, IFRS net assets attributable to ordinary shareholders (on a diluted basis) were £8,539.8m (31 December 2019: £7,677.6m), equating to 716 (...)

Housing 03/08/2020

Stable rates for French banks over the summer — Cafpi

In July, the French mortgage broker Cafpi has negotiated for its customers rates similar to those in June, at 0.66% over 10 years, 0.87% over (...)

Finance 31/07/2020

"Tokoro Capital's first fund will target London and Paris offices"

Business Immo: Why have you created Tokoro Capital? Max Bassadone: When we thought about raising capital, we tried to do things slightly differently by breaking (...)

Green 31/07/2020

BNP Paribas REIM sets a new CSR roadmap for 2024

At a time when the economic and health crisis is putting urban resilience more than ever at the heart of our thinking, BNP Paribas (...)

Logistics 31/07/2020

A 92% drop on France's logistics investment market between Q1 and Q2 2020 — JLL

After a first quarter with a record volume of €1.67bn invested in the logistics real estate investment market, the second half of the year (...)

Finance 31/07/2020

European CRE transactions slide to lowest level in six years in Q2 – RCA

As the Covid-19 pandemic and associated lockdowns took a grip on markets, the volume of European commercial real estate investment transactions plunged to the (...)

Listed 30/07/2020

Unibail-Rodamco-Westfield AREPS down 28% in H1 2020

Unibail-Rodamco-Westfield's adjusted recurring earnings per share (AREPS) for the first half of 2020 was €4.65, down 28% from 1H 2019. According to the listed (...)

Listed 30/07/2020

Klépierre's main financial indicators declined in H1 2020

Klépierre reported a 4.2% decline in net current cash flow, to €392.1m, for the first half of 2020. Earnings per share amounted to €1.37, (...)

Office 30/07/2020

France's regional office markets withstand the health crisis well — BNP PRE

With the health crisis shaking up the national and global economy, France's regional office markets have held up well, behaving remarkably well in terms (...)

Listed 30/07/2020

Impacted by Covid-19, Carmila puts pipeline on hold

In the first half of 2020, a state of emergency and lockdown measures were implemented in the three countries (France, Spain and Italy) in which (...)

Finance 29/07/2020

Nexity's H1 2020 results strongly impacted by Covid-19

French listed real estate company Nexity’s group share of net profit came to €7m for H1 2020, versus €52m for H1 2019, a downward trend (...)

Office 29/07/2020

Trade fairs limits lifted in France: event industry professionals dedicated to real estate reassured

After cancellations and numerous postponements due to the health crisis, the trade shows and fairs will be allowed to reopen as of September 1, (...)

Retail 28/07/2020

Covid-19 has not adversely affected France's prime retail rents – JLL

According to JLL, no decline in rental values has been observed on the French retail market so far, according to JLL, with prime rents (...)

Housing 24/07/2020

A drop in activity is expected on the French housing market in 2020 — Fnaim

The French national real estate federation — Fnaim — estimates in its latest note on the French housing market, that the significant drop in market activity (...)

Listed 23/07/2020

"Covivio has no intention of changing its strategy in the hotel business."

Business Immo: What is your assessment for the 1st half of 2020? Christophe Kullmann: In this very special context marked by the health crisis, Covivio's (...)

Retail 23/07/2020

Facing a 29.9% activity drop in H1 2020, French retailers call on government for help

Since the beginning of 2020, the cumulative decline in turnover of the French specialised retail chains has been -29.9%, according to Procos, a federation (...)

Finance 23/07/2020

Mata Capital closes its MCF Quality Street fund at €50m

Paris-based private equity group Mata Capital has just closed its MCF Quality Street fund with a total capital of €50m, enabling it to invest (...)

Health / Senior 22/07/2020

Facing Covid-19 stigma and supply shortage, French healthcare investment slows down in H1 2020 - JLL

After a dynamic 2019 that saw €799m spent on French healthcare real estate assets, the sector slowed down in the first half of 2020 (...)