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Finance 12/03/2020

“Immobel has ambitions in the Île-de-France market”

2019 was synonymous with strong growth for Belgian developer Immobel, which announced a 28.6% increase in revenues, at €419.5m, while its Ebitda and net (...)

Logistics 09/04/2019

Spanish Neinor Homes CEO Velayos steps down after 60% share price slide

Spanish Neinor Homes CEO Velayos has stepped down in a move seemingly sparked by shareholders, including offshore fund Adar, following a 60% slide in (...)

Listed 27/08/2018

Germany-focused Grand City boosts 1H FFO 16% to €99m

Germany-focused listed housing firm Grand City Properties, an affiliate of the Aroundtowngroup, increased first half funds from operations by 16% to €99m, and said it (...)

Health / Senior 17/08/2018

Berlin's Deutsche Wohnen acquires 30 nursing facilities for €680m

Berlin's Deutsche Wohnen, Germany's second largest housing group managing 164,000 units has signed agreements to acquire 30 nursing properties totaling around 4,700 care places. (...)

Listed 31/07/2018

Spain's Merlin grows 1H net 8.6% to €458m, EPRA NAV at €14

Spain's largest REIT/SOCIMI, Merlin Properties, increased IFRS net profit by 8.6% in the first half to €458m, and said EPRA NAV rose 6% to (...)

Retail 30/07/2018

French retail REIT Carmila raises 1H earnings 12% to €104m

Carmila, the retail REIT/SIIC controlled by France's giant Carrefour, increased EPRA first half recurring earnings 12.2%yy to €104.1m, and accelerated its transformation especially by (...)

Hospitality 26/07/2018

AccorHotels drops Air France plan; Colony offers for 7% more in AccorInvest

Europe's largest hotelier AccorHotels reported a 4.2% rise in first half operating profit to €266m but has dropped plans to buy a stake in (...)

Listed 25/07/2018

Spain's Metrovacesa halves 1H loss to €8.27m, targets 4,000 home starts

Spanish listed housing developer Metrovacesa halved its net loss to €8.27m in the first six months, and said it expects to start up to (...)

Listed 16/05/2018

Listed Aroundtown makes €720m sales ytd at 12% above book

Fast-growing European quoted commercial property group Aroundtown, which also controls listed German housing firm Grand City Properties, has sold over €720m in non-core assets year to (...)

Listed 02/05/2018

Spain's Hispania manager Azora, aiming at €8bn AUM, launches own IPO

Spanish real estate manager Azora Altus, which created and manages the REIT Hispania, is to issue 47m new shares to raise around €500m in its own (...)

Hospitality 30/04/2018

Paris hotel giant Accor acquires Swiss Mövenpick Hotels for €482m

Paris-based AccorHotels said Monday it has signed an agreement with Switzerland's Mövenpick Holding and Saudi Prince Alwaleed bin Talal’s Kingdom Holding to acquire Mövenpick Hotels & Resorts for CHF560m (€482m) in cash. Kingdom Holdings (...)

Finance 11/04/2018

Spanish Hispania manager Azora announces IPO; €700m reported capital raise

Spain's Azora, the external manager of REIT/SOCIMI Hispania and other real estate firms, confirmed Wednesday that it is planning its own stock market flotation. Reports say it (...)

Housing 23/03/2018

Berlin's Deutsche Wohnen boosts 2017 net 9% to record €1.8bn, sees further rises

Berlin's Deutsche Wohnen, Germany's second largest housing group managing 163,000 units, said its portfolio appreciated in value by €2.4bn last year and group net rose (...)

Housing 20/03/2018

Berlin housing specialist Ado boosts FFO 25% to €54m, raises dividend

Berlin listed housing specialist Ado Properties reported 2017 funds from operations up by nearly 25% to €54.3m, with EPRA net asset value rising by the same (...)

Housing 19/03/2018

German housing group Grand City boosts FFO1 by 11% but net profit slips

Grand City Properties, the listed German housing investor, reported a 11% rise in 2017 FFO1 to €178m, though net profit slipped to €639m. At (...)

Housing 08/03/2018

German housing firm LEG boosts 2017 FFO, dividend by 10%, confirms outlook

German listed housing group LEG Immobilien increased funds from operations last year by 10.1% to €295.3m and is proposing to raise the dividend by the same (...)

Listed 06/03/2018

German housing giant Vonovia boosts 2017 FFO by 21% to €921m

Vonovia, Germany's largest housing company, boosted FFO1 by 21% to €920.8m in 2017 due to organic, internal growth but also the integration of Vienna-based (...)

Finance 21/02/2018

Corestate Capital sees €93m for 2017 net, forecasts one-third rise in 2018

German property group Corestate Capital said it estimates net 2017 profit of €93m, for which the board will propose a €2.00 dividend, and in a release (...)

Finance 29/11/2017

Austrian S Immo posts 18% rise in 9mth FFO1, NAV up to €16.06 shr

Austrian listed S Immo reported a rise of nearly 18% in FFO1 to €36.8m for the first nine 2017 months plus a sturdy rise (...)