Business Immo, the real estate website

Covid-19

Retail 21/04/2020

Commercial rents: the CPME advocates for a fund supported by insurers and e-commerce

Following the Covid-19 pandemic measures taken by the French government, the Confederation of Small and Medium Enterprises (CPME) has suggested creating a fund to (...)

Retail 21/04/2020

Hotels & Restaurants: the sector is calling for partial coverage of operating losses

The French hotel and catering sector is hoping for strong measures, such as exemption from the payment of local taxes and duties in 2020, (...)

Retail 21/04/2020

Mercialys shows a 3% increase in rents in the first quarter 2020

French retail REIT/SIIC Mercialys has announced a slight increase in rents in Q1 2020. With an organic growth rate of +3.1%, including a +1.9% effect (...)

Retail 21/04/2020

Patrimoine & Commerce shows a slight increase in quarterly revenues

The French real estate company specialised in retail parks, Patrimoine & Commerce, has recorded a 2.7% increase in rents over Q1 2020 at €11.9M, with a (...)

Retail 20/04/2020

Retail: federations call for a "collective solution" after judging as insufficient landlords' measures

French federations representing landlords recently called on their members to cancel three months' rent for their tenants, with very small entreprises (VSE), belonging to (...)

Housing 20/04/2020

Housing: from health shelter to refuge for savings? (Primonial REIM)

In its latest weekly note, Primonial REIM has reviewed the state of the housing market and its outlook. A few weeks ago, before the (...)

Retail 17/04/2020

French government urges landlords to cancel 3 months' rent for closed small shops

The French government is asking large property owners to suspend for three months the collection of rents owed the rents owed by very small (...)

Retail 17/04/2020

"Frey is setting up a €15m support fund to help its retailers"

Paris-based REIT/SIIC Frey announced the creation of a €15m Merchant Support Fund. CEO Antoine Frey spoke with Business Immo about the impact of the (...)

Hospitality 16/04/2020

Covid-19: The Student Hotel remains open throughout Europe

  Amsterdam-based hospitality group The Student Hotel has kept all of its locations open in Europe since the beginning of the Covid-19 pandemic, providing a (...)

Retail 16/04/2020

Ceetrus France cancels rents in its shopping centres from 15 March to 15 May 2020

Given the difficulties experienced by retailers faced with prolonged confinement, French REIT/SIIC Ceetrus France, the listed property manager of the French Auchan supermarket group, has decided to (...)

Finance 16/04/2020

Covid-19 pandemic to end Germany’s ten-year CRE investment upswing - Savills

With a transaction volume of €26.7bn, the German real estate investment market had its strongest opening quarter of all time in 1Q20, according to (...)

Retail 15/04/2020

"Major landlords also have to make an effort," says Bruno Le Maire.

Major owners need to do more to help businesses get through the crisis. It  is the new government's line, at a time when shopkeepers (...)

Finance 15/04/2020

Real estate investment: Capital raised pre-COVID-19 hits record high (INREV)

According to the Capital Raising Survey 2020, recently published by Inrev, Anrev, and NCREIF; investment managers recorded a bumper year for capital raised globally in 2019, (...)

Housing 15/04/2020

"We aim to expand into the French market after the Covid-19 pandemic."

Business Immo: What is Montague Property? Thomas Balashev: Montague Property is a UK based luxury real estate privately owned company with an established overseas network (...)

Retail 14/04/2020

"Rent postponement is an illusory solution"

Business Immo: Procos has signed, along with ten other trade and restoration federations, a press release condemning the CNCC recommendations in terms of rental relations between landlords (...)

Retail 14/04/2020

French retail federations denounce CNCC's "solidarity" measures

In a joint press release, the eleven major trade and restaurant federations denounce the recommendations on relations between landlords and tenants during the Covid-19 (...)

Retail 14/04/2020

France: shops in some train stations are exempt of rent until April 30

The French National Railway Company, SNCF, and two partner property companies have announced they will exempt of paying rent —from 16 March to 30 (...)

Career 10/04/2020

Covid-19: what impact(s) on France’s real estate job market?

“Our customers are generally cool-minded and aware of their responsibilities towards their ecosystem, their partners and their employees,” confides Nathanaël Trouiller and Emmanuel Cazier, (...)

Finance 10/04/2020

“In the current capital-constrained environment, having a significant amount of dry powder positions Blackbrook Capital quite well”

The onset of a global pandemic might seem like a bad time to launch an investment real estate investment firm. Yet, with €1bn of (...)

Office 09/04/2020

How is the office sector reacting to the coronavirus epidemic? – Savills

In the wake of the coronavirus pandemic that led to the mass closure of offices and the switch to telecommuting for many employees, Savills (...)