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REIT

Green 15/04/2021

Gecina wants to transform 100% of its bonds into Green Bonds

Following on from the announcement of CAN0P-2030, its Carbon Net Zero Plan with a target for its operational portfolio to be carbon neutral by (...)

Listed 12/04/2021

Are SIICs inoculated against Covid-19? - iread

Stock market performance: glass half empty... Despite the vertiginous fall in share prices experienced by the entire stock market as soon as the health crisis (...)

Retail 15/03/2021

Hammerson continues to dispose of assets in France

With or without the health crisis, Hammerson is continuing its programme of disposals of French shopping centres deemed non-strategic. On the announcement of its (...)

Listed 12/03/2021

Hammerson's portfolio value and net rental income fall after a challenging 2020

UK retail REIT/SIIC Hammerson has seen its net rental income fall 41% in 2020 to £158m (€184.5m), while its portfolio is now valued at (...)

Housing 05/03/2021

Immobel’s portfolio value grows 13% in 2020

Belgian REIT Immobel registered in 2020 revenues of €375.4m, with an EBITDA of €52.8m and net group profit share of €33.3m or €3.58 per (...)

Listed 26/02/2021

French REIT/SIIC and developer Altarea announces a recurring net profit down 21% in 2020

"Altarea has managed to absorb the shock of the health crisis". This is how Alain Taravella, founding chairman, sums up the 2020 financial year (...)

Listed 22/02/2021

Icade annonces net current cash flow down 7.9% in 2020

In 2020, Icade's Adjusted EPRA earnings from Property Investment amounted to €351m, down 2.2% (-2.1% per share), of which €214.3m for the office sector (...)

Listed 19/02/2021

After a year of resilience, Gecina enters a year of transition

"The resilience of our model and the centrality of our portfolio have enabled us to cope with the shock of the health crisis. "This is how (...)

Listed 19/02/2021

Paris-based office REIT/SIIC Cegereal unveils a new identity, Vitura

With a year 2020 more than satisfactory in view of the pitfalls that the Covid-19 pandemic has placed in the path of tertiary property (...)

Listed 18/02/2021

Diversification, Covivio's key asset to get through the crisis

Covivio's top management can keep its spirits up: despite a gruelling health and economic context, the real estate company has signed an assessment that (...)

Listed 18/02/2021

Klépierre's net current cash flow down -27.4 % in 2020

In 2020, most of Klépierre’s activities were impacted by the pandemic and accompanying restrictions imposed across Europe, which led to a virtual standstill at (...)

Listed 18/02/2021

Carmila's recurring net profit falls 24.7% in 2020

In Carmila’s three countries (France, Spain and Italy), business momentum was brisk in the first quarter of 2020, before being adversely impacted by the (...)

Office 15/02/2021

SFL to sell Paris 8th’s 9 avenue Percier to Deka Immobilien

As part of its asset rotation policy, Paris-based REIT/SIIC SFL is continuing to sell off "mature" assets in Paris. After selling 112 avenue Wagram, (...)

Career 15/02/2021

Amidst strategy update, Reinier Walta nominated as Vastned’s CEO

As part of a strategy update, by which it aims to optimise its portfolio and concentrate on mixed-use properties in historic city centres where (...)

Listed 12/02/2021

Delayed by the pandemic, Wereldhave’s exit from France still on the agenda

2020 was going to be a year of transformation for Dutch retail REIT/SIIC Wereldhave, with the implementation of its new LifeCentral strategy and an (...)

Office 12/02/2021

Paris-based Gecina sells a mixed portfolio of 16 "non-strategic" assets for €54.6m

French REIT/SIIC Gecina has sold a mixed portfolio of 16 non-strategic assets to two funds managed by Keys REIM, the portfolio management company of the Keys (...)

Listed 11/02/2021

Debt, disposals, suspended dividend...: how URW will cope with the crisis

Exhausting: this is the most appropriate adjective to sum up the year 2020 at Unibail-Rodamco-Westfield (URW). In addition to the health crisis that is (...)

Retail 02/02/2021

Frey becomes France's first "mission-driven" REIT/SIIC

On the heels of a new CSR strategy presented last summer, in which the property company intends to achieve carbon neutrality by 2030, retail (...)

Listed 10/11/2020

Klépierre places a €600m 2031 bond at a 0.875% coupon

French mall REIT/SIIC Klépierre announced today the successful placement of a €600m bond maturing in February 2031 and paying a coupon of 0.875%. Subscribed more than (...)

Listed 02/11/2020

URW further lowers its forecast ten days before its EGM

Faced with a second lockdown spreading over Europe, Unibail-Rodamco-Westfield (URW) has once again lowered its forecasts, at a time when its Reset plan is (...)