Business Immo, the real estate website

Olivier Elamine

Listed 20/09/2019

Hamburg's alstria places €400m bond to refinance old maturities

Hamburg's alstria office REIT has placed a corporate bond with a nominal value of €400m and a fixed coupon of 0.5%, aimed to refinance (...)

Listed 26/08/2019

alstria focuses on refurb, sales as German office values rise faster than rents

With German office values rising faster than rents and investors chasing yield amid low rates, Hamburg's alstria is focusing on refurbishment and non-core sales, (...)

Listed 26/08/2019

Germany's alstria 1H FFO slips to €56m but net surges to €279m on value uplift

Germany's alstria office REIT reported a 4.1% drop in first-half funds from operations to €55.7m but a near-€200m valuation uplift boosted net earnings to (...)

Listed 28/06/2019

Sweden's Castellum joins pan-European REIT innovation, CSR think tank

Swedish listed Castellum has joined the sustainability and innovation think tank created in 2017 by alstria, COIMA RES, Colonial, Gecina, Great Portland Estates and (...)

Office 13/03/2019

Offices still preferred working space despite tech - European REITs

Technology may allow workers to operate anywhere, but more than ever physical offices are the working environments of choice, says a new report by (...)

Listed 01/03/2019

German alstria's FFO rises 0.8% to €115m amid strong lettings in 2018

Amid strong lettings across the portfolio, Hamburg's alstria office REIT reported FFO up 0.8% to €114.7m for 2018 and a near 78% surge in (...)

Office 07/09/2018

Co-working here to stay but unlikely to dominate office lettings - EPRA

Co-working space offered by firms such as WeWork should be included in office investor strategies and while it is unlikely to dominate letting demand it serves (...)

Listed 28/08/2018

Hamburg's alstria office REIT raises 1H FFO to €58m, 2018 guidance

Hamburg's alstria office REIT turned in a 2.6% increase in FFO to €58m in the first half while EPRA NAV slipped to €12.53 per (...)

Office 02/03/2018

German alstria's 2017 net surges 68% as CEO Elamine sees new workspace opportunity

Germany's alstria Office REIT reported a 3.3% fall in 2017 FFO but said strong operations and portfolio valuation gains boosted consolidated net by 67.9% to €297m. (...)

Listed 20/12/2017

Six European office REITs form sustainability and innovation thinktank

Even if real estate is local, clients' technical and environmental needs are the same across Europe, says Meka Brunel, CEO of French SIIC Gecina and one of (...)

Finance 23/11/2017

Distressed sellers now replaced by distressed buyers, ZIA conference hears

Upward pressure on real estate prices caused by protracted low interest rates means that one or two distressed buyers often appear in a sales (...)

Finance 01/10/2017

European public real estate in good shape, led by German resi, French/Spanish office

European public real estate markets are in good shape as our website goes live. German housing stocks are near highs, as are most of (...)