Business Immo, the real estate website

Coronavirus

During this unprecedented health crisis, Business Immo's editorial staff remains mobilised. Follow live the news on the consequences of the Coronavirus (COVID-19) crisis for the real estate market, the city, and as its actors.

Hospitality 03/04/2020

Accor fixing to close two thirds of its hotels in the coming weeks, suspends dividend payment

Over two thirds of Accor branded hotels are likely to be closed in the coming weeks, the Paris-based hospitality giant announced yesterday, with more (...)

Finance 03/04/2020

Savills withdraws proposed dividends to preserve cash reserves

In view of the current uncertainty over the impact of Covid-19 on global real estate market activity in the coming months, global real estate (...)

Listed 03/04/2020

URW successfully priced €1.4bn of bonds

Unibail-Rodamco-Westfield (URW) successfully priced a €1.4bn two-tranche senior bond offering in order to strengthen its liquidity position: a €600m bond with a 5-year maturity (...)

Finance 02/04/2020

As Covid-19 spreads across Europe, long-term strategies will show more resilience – Aviva Investors

As the spread of Covid-19 continues and governments and policy-makers are adopting a myriad of measures to support the economy, Europe’s commercial real estate (...)

Listed 02/04/2020

French REIT/SIIC Icade lowers its 2019 dividend

In response to the French government’s urging last week, French REIT/SIIC Icade’s Board of Directors decided to lower the 2019 dividend amount that will (...)

Office 02/04/2020

KanAm Grund's Leading Cities Invest fund buys Pixel building near Paris

Leading Cities Invest, an open-ended fund managed by German investor KanAm Grund Group, has just purchased the Pixel office building, in the Paris Ouest (...)

Listed 01/04/2020

Paris-based Gecina lowers 2019 dividend, suspends 2020 guidance

To align itself with the French Government’s recommendations concerning the moderation of dividends paid, Gecina’s Board of Directors has therefore decided to submit a (...)

Office 01/04/2020

The effects of Covid-19 on Ile-de-France's CRE market - Knight Frank

The year 2020 had begun at a less dynamic pace than 2019. Then, from mid-March, the spread of Covid-19 and the implementation of drastic restrictions (...)

Housing 01/04/2020

Can coliving and containment coexist?

At the end of 2019, a JLL report predicted that coliving across Europe would grow by more than 115% over the next two years. (...)

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 (...)

Office 31/03/2020

Propel by Mipim Paris 2020 postponed to September

The 2020 edition of Propel by Mipim Paris, the European event dedicated to real estate and innovation formerly known as Mipim PropTech Europe, has (...)

Retail 31/03/2020

UK’s Hammerson cancels dividend

Believing it is too early to ascertain and quantify the impact of the ongoing period of disruption on income, earnings, net assets and cash (...)

Retail 31/03/2020

URW provides space in its shopping centres for women victims of violence

Amidst the Covid-19 epidemic, Unibail-Rodamco-Westfield has committed to helping local communities by making unoccupied space in its shopping centres available for the benefit of women victims (...)

Office 31/03/2020

SIOR introduces global initiative to provide critical community support during Covid-19 crisis

The Society of industrial and office realtors (SIOR) has announced the Community Assistance and Relief in Emergencies (CARE) programme to provide immediate support for (...)

Finance 30/03/2020

Pandemic and property markets: what impacts in the euro area? —Primonial REIM

After attempting to map the Covid-19 impacts by real estate categories, Primonial REIM's Research & Strategy department is continuing the exercise on the impacts (...)

Retail 30/03/2020

Founding President of Compagnie de Phalsbourg suspends rents until further notice

Faced with the health and economic crisis linked to the coronavirus pandemic, our editorial team regularly offers you interviews, via Skype, with actors from (...)

Finance 30/03/2020

What is the risk premium for real estate?

Following a Skype interview, published on the BiTV channel in March, Philippe Le Trung, Founder and Managing Director of VIEWS+S Consulting, addressed below the (...)

Territories 30/03/2020

Tribute to Patrick Devedjian by Paris La Défense

Patrick Devedjian, President of the Hauts-de-Seine Departmental Council and Chairman of the Board of Directors of Paris La Défense, has died during the night (...)

Retail 27/03/2020

British Land to defer £40m in rent, suspends dividend payments

To support their customers being hardest hit, UK REIT British Land has released its smaller retail, food & beverage and leisure tenants from their (...)

Listed 27/03/2020

“CBo Territoria is approaching this crisis with caution, but also with confidence”

Business Immo: While publishing its results earlier this week, CBo Territoria announced it was ahead of schedule in its 2017-2021 strategic plan, which plans (...)