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REIT

Listed 19/02/2024

Icade reshapes its roadmap to prepare for the city of 2050

Diversification and diversity are the key words of the strategic plan presented on Monday 19 February by Nicolas Joly, Icade's CEO, on the fringes (...)

Office 15/02/2024

Will URW's Sisters towers see the light of day at La Défense?

The skyline of La Défense should have been "redesigned" in 2023, the year of the expected delivery of the Sisters towers designed by Unibail-Rodamco-Westfield. (...)

Listed 05/12/2023

Unibail-Rodamco-Westfield places €750m green bond

Paris-based REIT/SIIC Unibail-Rodamco-Westfield has announced the successful placement of a green bond of €750m with a 7-year maturity and a 4.125% fixed coupon (i.e. (...)

Listed 29/11/2023

Covivio successfully prices a €500m green bond

Paris-based REIT/SIIC Covivio has successfully placed €500m of green bonds maturing in June 2032. "The proceeds of the issue will be used to finance (...)

Retail 12/10/2023

Frey acquires Polygone Riviera shopping center for €272.3m

Frey makes waves on the Mediterranean. The listed real estate company has exercised its option to purchase all shares in the companies owning the (...)

Finance 12/10/2023

More cautious and selective US investors favour opportunistic and value add strategies

The impact of the adversity was felt throughout the industry and investment dropped across all sectors while yields moved out. On a sector basis, (...)

Retail 04/09/2023

URW sells Westfield Valencia Town Center for $199m

Unibail-Rodamco-Westfield (URW) has sold the Westfield Valencia Town Center regional mall in Santa Clarita, California to Centennial Real Estate for a total value of (...)

Listed 04/08/2023

"Timing is right for right to redeploy capital into the European listed real estate sector"

BiTV Interview welcomes Dominique Moerenhout, Chief Executive Officer at the European Public Real Estate Association (EPRA). Most listed property groups having now disclosed their H1 results by now, (...)

Listed 02/08/2023

Klépierre raises its net cash flow from recurring operations target by 7 %

Morale is high at Klépierre. The European shopping center owner has just raised its 2023 net current cash flow target to at least €2.40 (...)

Listed 27/07/2023

Lower debt, higher rents: URW follows its roadmap

Jean-Marie Tritant, Chairman of the Management Board of Unibail-Rodamco-Westfield, has painted an idyllic picture of the first half of 2023, during which the property (...)

Listed 26/07/2023

Carmila: recurring earnings per share up 2.6% in H1 2023

Following the signing of an agreement to acquire Galimmo (see our article), Carmila has just published its financial results for the first half of (...)

Listed 24/07/2023

Parisian prime serves SFL well in H1 2023

Given the macroeconomic storm of the past 12 months, the half-yearly results of listed real estate companies have rarely been as eagerly awaited as (...)

Listed 21/07/2023

Gecina leverages its billion euros to "deliver sustainable outperformance"

Since his appointment as Chief Executive Officer of Gecina in April 2022, Beñat Ortega has not spoken to the media, with the exception of (...)

Finance 19/07/2023

Inflows to French retail real estate funds plummet in H1 2023

According to Aspim and IEIF, retail real estate funds, like SCPIs and OPCIs, collected €4.1bn in H1 2023, down 53 % on H1 2022. "The (...)

Finance 18/07/2023

Carmila strengthens its position with the acquisition of Galimmo

« This is a major step for Carmila and the continuation of its partnership with Carrefour. » These are the words of Marie Cheval, (...)

Office 08/06/2023

Icade fully leases Nanterre's Origine building with 14,000 sqm signing

Icade and EDF Renewables have signed a lease for around 14,200 sqm in the Origine building in Nanterre for a term of 9 years (...)

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 (...)