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REIT

Listed 05/06/2019

French executive Ehrmann to join Altarea Cogedim after leaving Carmila

Jacques Ehrmann, one of France's top real estate executives who is stepping down as head of the listed Carmila retail group this month, is to join REIT/SIIC Altarea Cogedim as (...)

Health / Senior 12/04/2019

Icade Santé pays €191m for 12 healthcare assets in France

Icade Santé, the healthcare unit of the French REIT/SIIC Icade group, is investing €191m to acquire 12 medium- and long-term care assets in France. The (...)

Finance 11/04/2019

French state's CdC posts 2018 earnings largely unchanged at €3.3bn

After a year marked by introduction of a new strategic plan, French state financial institution CdC reported aggregated earnings for last year of €3.3bn, (...)

Listed 05/04/2019

Dubai's Equitativa eyes first Italian fund, targeting €200m, REIT status

The Dubai-based Equitativa group, which runs a commercial and a residential REIT in the UAE, is planning its first fund in Italy targeting €200m and (...)

Listed 01/04/2019

Belgian housing/mixed-use REIT Immobel posts five-fold net surge to €57m

Belgium-based housing and mixed use REIT Immobel reported a five-fold net profit surge to €56.8m in 2018 and said that, based on the pipeline, it expects (...)

Listed 18/03/2019

France's Tour Eiffel AUM rises to €1.7bn post-Affine; reports €15m loss

France's Société de la Tour Eiffel boosted assets to €1.72bn from €1.17bn after absorbing peer Affine last year, but reported an unconsolidated 2018 net (...)

Finance 15/03/2019

Hamburg student housing developer, Moscow project among 2019 MIPIM award winners

A Hamburg student housing firm working with wood, a Moscow concert park project, France's Altarea Cogedim, and Frankfurt's old town redevelopment were among MIPIM (...)

Office 15/03/2019

Ares more active in Europe, announcing German office buy, said eyeing €1bn for Spanish resi

New York's Ares is becoming more active in European property, announcing the purchase of a German office with France's EDF and said to be (...)

Listed 27/02/2019

Spanish Colonial's recurring net surges 22% to €101m after busy 2018

Recurring net profit for Spanish REIT/SOCIMI Colonial surged 22% to €101m in 2018 and its portfolio revalued by the same amount to €11.35bn after a (...)

Listed 20/02/2019

French Gecina grows 2018 net 20% to €437m, 9% per shr; outlook still strong

French REIT Gecina grew recurrent net income by 20% to €437.2m in 2018 and by 9% per share, and is proposing a dividend rise (...)

Finance 09/11/2018

Colony unit NorthStar Realty Europe considers sale

New York-listed REIT NorthStar Realty Europe, a Colony Capital affiliate focused on office properties in Europe, has announced that its board of directors is (...)

Listed 30/08/2018

After market cap expands to €286bn, European listed property warrants a closer look

In the last 10 years, European listed real estate has grown to a capitalisation of €286bn from €80bn, with weights more reflective of underlying economies, and (...)

Health / Senior 26/06/2018

'Silver' asset class rising among investor preferences - Swiss Life AM

Healthcare and senior housing have appeared on investors' roadmaps, supplanting traditional types as institutions exploit ageing demographics seeking to lower risk, says Swiss Life Asset (...)

Listed 16/05/2018

Spain's Colonial to grow rental income to €500m with Axiare - CEO

Spanish REIT/SOCIMI Colonial should be able to boost annual rental income by €200m to €500m after the inclusion of newly acquired peer Axiare, plus a number of (...)

Listed 11/05/2018

Spain's manager Azora postpones IPO after Blackstone Hispania bid

Spanish real estate manager Azora Altus, which created and manages the REIT/SOCIMI Hispania, is postponing its own IPO in light of uncertainty created by Blackstone's (...)

Logistics 11/05/2018

Blackstone's $7.6bn Gramercy takeover includes European unit

Giant US-based manager Blackstone is acquiring US REIT Gramercy Property Trust in a deal valued at €6.4bn ($7.6bn) that includes Gramercy Europe, a London-based (...)

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 (...)

Listed 27/04/2018

Alain Chaussard, long-time CEO of French REIT Affine, steps down

In a move seen as part of succession planning, Alain Chaussard, long-time chief executive of French REIT/SIIC Affine, is to step down, the company has announced. The (...)

Listed 23/04/2018

Spain's Colonial raises €650m after Axiare merger creates €11bn SOCIMI

Spain's Colonial becomes the nation's largest REIT/SOCIMI with 11bn AUM after it agreed a merger with peer Axiare following a takeover accepted by 87% of Axiare shareholders. Colonial (...)

Listed 20/04/2018

French FdR in merger offer for Italy's Beni Stabili; to change name

Giant French REIT/SIIC Foncière des Régions is in talks with Italy's Beni Stabili, its 52.4%-owned Italian office unit, to merge the latter into the group on the (...)