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REIT

Finance 22/05/2023

“For Blackstone, the current dislocation creates opportunities”

Business Immo Global: Can we conclude from the successful fundraising of the Blackstone Real Estate Partners X fund that institutional investors still have a (...)

Finance 11/05/2023

Klépierre reports 3.3% revenue growth in Q1 2023

During the Q1 2023, Paris-based shopping centre-focused REIT/SIIC Klépierre signed 304 leases, including 230 renewals and relets with a positive reversion of 5.2%, the (...)

Finance 20/04/2023

Retail real estate fund inflows reach €2.8bn in Q1 2023 (Aspim/IEIF)

According to Aspim and IEIF, consumer real estate funds collected €2.8bn in Q1 2023 compared to €3.9 bn in Q1 2022. « After record inflows (...)

Office 20/04/2023

Covivio completes sale of three French office buildings for €131m

Paris-based REIT/SIIC Covivio has completed the disposal of three office buildings for a total of €131m.These latest disposals concern three buildings with over 27,000 sqm of office (...)

Health / Senior 14/03/2023

Icade sells its healthcare property to Primonial REIM

French REIT/SIIC Icade has signed of an exclusivitý agreement with Primonial REIM covering the liquidity of Icade's stake in Icade Santé, its healthcare property investment (...)

Listed 28/02/2023

"2023 will be distinguished by a shock to asset values, a real estate shock"

Business Immo: What is your initial assessment of the SIICs’ 2022 annual results? Stéphanie Dossmann: In France, many REIT/SIICs are exposed to retail. They were (...)

Listed 24/02/2023

A "particularly intense vintage" for Frey in 2022

Where to start? Between the acquisition of two outdoor centres in Spain, in Barcelona (41,100 sqm; €127.5m) and Cartagena (68,200 sqm; 83m), the deployment (...)

Listed 22/02/2023

After a successful 2022, Covivio is thinking about the future

With €968m in consolidated rental income (+12.7 % on a like-for-like basis), Covivio reports a 5 % increase in its recurring net income (adjusted (...)

Career 20/02/2023

Icade will not renew the mandate of Olivier Wigniolle

The end of the adventure for Olivier Wigniolle at Icade. On the sidelines of its 2022 annual results, which show a 9.3% increase in (...)

Office 20/02/2023

Gecina signs leases at €1,000/sqm/year in Paris CBD

Paris-based REIT/SIIC Gecina says it is "on the attack". "We are trying to define the premium rent in Paris ourselves," commented CEO Beñat Ortega the (...)

Listed 16/02/2023

Klépierre exceeds its 2022 targets

For the 2022 financial year, Klépierre, the pan-European shopping centre focused REIT/SIIC, has posted results that are "well above its targets". As proof, its net (...)

Listed 09/02/2023

Unibail-Rodamco-Westfield has returned to pre-Covid performance levels in 2022

"Unibail-Rodamco-Westfield has delivered excellent financial results in 2022, confirming the end of the Covid effect on our activities," Jean-Marie Tritant said this morning. After (...)

Listed 12/01/2023

SIICs' financial and extra-financial communication under the microscope (KPMG/FEI)

KPMG and investor association Fédération des entreprises immobilières (FEI) have just published their latest study on the financial communication of SIICs, France's listed REITs. (...)

Listed 14/12/2022

With macroeconomic turbulence ahead, Covivio keeps its head down

"If we had been told a year ago that there would be war in Europe, that inflation would be at 10% in the euro (...)

Finance 19/10/2022

€3.4bn of inflows to retail property funds in Q3 2022

The three main categories of property funds available to the general public posted net inflows of €3.4bn in the third quarter of 2022, up (...)

Office 13/10/2022

Turnover at Paris 8th's 64 Lisbon

At the beginning of July, Gecina stated that it had signed a firm ten-year lease, « based on current prime rents », for the (...)

Finance 10/10/2022

"The CRE investment market is benefiting from a certain amount of inertia"

Business Immo: Are you surprised by the vitality of the market observed over the last three months in the current economic context? Olivier Ambrosiali: Like (...)

Retail 30/08/2022

Frey acquires Polish retail park Matarnia Park Handlowy for €105m

Listed REIT/SIIC Frey has signed a purchase agreement with Ingka Centres for the acquisition of the Polish retail park Matarnia Park Handlowy in Gdańsk, (...)

Office 09/06/2022

Covivio strengthens partnership with Thales with 38,000 sqm extension of Vélizy-Meudon business hub

Paris-based REIT/SIIC Covivio has signed an agreement with Thales on the development of a new 37,900 sqm turnkey campus in Vélizy-Meudon, while extending the existing lease (...)

Office 31/05/2022

SFL sells Issy-les-Moulineaux's "Le Vaisseau" for €27m

Paris-based REIT/SIIC SFL, an affiliate of Spain's Colonial, has sold the "Le Vaisseau" office building, located on Ile Saint-Germain in Issy-les-Moulineaux, to the Institut Catholique de Lille, which (...)