Business Immo, the real estate website

Covid-19

Office 12/05/2020

“Some 30% of French telecommuters are expected to return to the office this week”

On this first week of progressive deconfinement, Sylvain Hasse, Head of Corporate Services at BNP Paribas Real Estate, looked back with Business Immo on (...)

Housing 12/05/2020

France’s 1001 Vies Habitat commits to acquiring 10,000 housing units by the end of 2022.

As the Covid-19 epidemic is having major repercussions on housing production, French social housing group 1001 Vies Habitat is accelerating its development plan and (...)

Finance 06/05/2020

Despite the crisis, French investors do not intend to change their strategies - C&W

Unveiling exclusively for Business Immo the main findings of its survey, conducted* with 176 commercial real estate investors present in France at the time (...)

Finance 06/05/2020

"At this stage, Paris' real estate market is going through a difficult but not dramatic situation"

In the 2020 edition of their study Emerging Trends in Real Estate Europe, PwC and Urban Land Institute named Paris the most attractive city (...)

Finance 04/05/2020

Colliers International expects a 15%-25% reduction in consolidated revenues for 2020

In light of the uncertainty caused by the Covid-19 pandemic, global real estate adviser Colliers Internationals’ working assumption is a 15%-25% reduction in consolidated (...)

Retail 04/05/2020

France's solidarity fund to cover rents of VSEs without employees

France’s Minister for the Economy, Bruno le Maire, announced on Monday that the solidarity fund created to support very small businesses will now be able (...)

Finance 04/05/2020

CBRE forecasts a 30% decline in global CRE investment volume in 2020

Despite global commercial real estate investment volume increasing by 15%yy in 1Q20, to $235bn, global real estate advisor CBRE forecasts a roughly 30% decline in (...)

Retail 30/04/2020

URW partners with Bureau Veritas to label its shopping centres for hygiene, safety and environment

Giant Paris-based REIT/SIIC Unibail-Rodamco-Westfield (URW) has announced the reinforcement of its practices dedicated to the prevention of health risks within its European shopping centres, (...)

Retail 30/04/2020

Klépierre withdraws full-year 2020 net current cash flow guidance

Due to the Covid-19 pandemic, French mall REIT/SIIC Klépierre has decided to withdraw its full-year 2020 net current cash flow guidance of between €2.85 and (...)

Finance 30/04/2020

Covid-19 crisis will hit hardest in European markets most dependent on non-domestic capital sources - RCA

Real estate investment volume in Europe during the first quarter totalled €64.bn, up 7% compared with the year-earlier period, but the sharp slowdown in (...)

Finance 30/04/2020

France’s GDP dropped by –5.8% in 1Q20

France’s GDP fell sharply by –5.8% in volume terms in 1Q20, the biggest drop in the series’ record, since 1949. In particular, this is (...)

Finance 27/04/2020

Global market sentiment shows encouraging signs - Savills

Savills’ most recent Global Market Sentiment Survey, an internal survey of the firm’s research heads across 31 global country markets, indicates 19% reported a (...)

Housing 24/04/2020

France’s construction sector shows signs of life, but permits and sales remain at a standstill – FPI

While the French government has focused on the conditions for the resumption of construction sites, for the developers’ associaton FPI (Fédération des Promoteurs Immobilier), (...)

Hospitality 24/04/2020

"Not all hotels will emerge from the Covid-19 crisis in the same way"

As a result of the containment measures taken by the French government and in accordance with the order of 15 March, all establishments in the (...)

Career 24/04/2020

Nexity's Chief Executive Officer, Jean-Philippe Ruggieri, has passed away

Jean-Philippe Ruggieri, the CEO of the Nexity group, died last night as a result of the Covid-19. Jean-Philippe Ruggieri, 51 years old, had taken over (...)

Finance 23/04/2020

"Despite coronavirus, we can expect a certain dynamism in the real estate sector in 2020"

When EY carried out its study forecasting the major trends that could influence real estate investment in France this year, the French players (listed (...)

Housing 23/04/2020

During containment, coliving demonstrates its resilience (CFI)

According to a survey of British, German, French and Spanish managers and investors conducted by Crédit Foncier Immobilier (CFI), the occupancy rate of European (...)

Retail 23/04/2020

French government appoints a mediator to conduct rent negotiations between landlords and retailers

France’s Minister of Economy and Finance Bruno Le Maire has appointed Jeanne-Marie Prost to lead the mediation on rents between landlords and retailers. “I have (...)

Hospitality 23/04/2020

Accor’s consolidated revenue down 17% for 1Q20

Paris-based hospitality giant Accor’s consolidated revenue totaled €768m for 1Q20, down 17% as reported and 15.8% like-for-like. As of 22 April, 62 % of (...)

Finance 22/04/2020

More liquid markets were the first to regain prior pricing during the last global downturn (RCA)

A record 2019 for European deal volume meant that many top property markets scored extremely well on Real Capital Analytics’s Capital Liquidity Scores in (...)