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REIT

Finance 03/11/2017

Ruggieris’ Spanish tourism REIT Elaia listed with €119m market cap

Elaia, the Spanish REIT/SOCIMI launched by the France-based Ruggieri family to target the Spanish resort sector, listed Thursday on Elaia Investment Spain (MAB) with (...)

Office 02/11/2017

Spain’s Hispania postpones €500m office disposal to Swiss Life

Spanish REIT/SOCIMI Hispania has postponed the disposal of its remaining office assets to the first quarter 2018 due to uncertainty over Catalonia. Reports suggest (...)

Finance 26/10/2017

Cegereal CEO Tréguier exits after differences on strategy with board

The controlling shareholders in French REIT/SIIC Cegereal have terminated the contract of long-time CEO Raphael Tréguier, effective immediately, due to differences on strategy, the company said, confirming (...)

Housing 25/10/2017

Companies need to adapt as Europe enters new property cycle

Europe is entering a new property cycle after two decades of rises interrupted by the GFC, and client demands are shifting, says Paris-based consultancy ViewS+S. (...)

Hospitality 23/10/2017

French FdR simplifies hotels, housing stakes prior to repositioning

French REIT/SIIC Foncière des Régions, which in recent years has branched out far beyond its initial office focus, is simplifying its structure, buying out partners (...)

Finance 20/10/2017

Gold in Spanish resort hotels (2): Blackstone, Ruggieri move in

In the rush to tap into the booming Spanish tourism hotel business, US wealth manager Blackstone and France’s Ruggieri family are hot on the (...)

Hospitality 20/10/2017

Gold in Spanish resort hotels (1): First mover Hispania tracked by Blackstone, Ruggieri

Gold has been discovered in Spanish resort hotels and REIT/SOCIMI Hispania is the first in the ‘rush’. But other fast movers are close behind. They include Blackstone, (...)

Listed 18/10/2017

Material news from the European listed universe: Unibail, Hypoport, Colonial

Ahead of third quarter results, which will be upon us starting this week, here are some selected actions and calls that are material to (...)

Housing 11/10/2017

Grab for assets 2: Large funds in frenetic search for Spanish residential land

The largest Spanish property developers, many of them controlled by foreign investment funds, are competing at an almost frenetic pace to acquire zoned residential (...)

Office 01/10/2017

Bringing REITs under AIFMD seen counterproductive for Portugal

Bringing REITs under the European Union’s AIFMD directive would be counterproductive in Portugal, which has announced their introduction, says a senior executive of Spain’s (...)

Housing 01/10/2017

Portugal to introduce REITs to attract capital into housing

Portugal intends to introduce legislation establishing REITs next year, aiming in particular to attract private capital into housing. Foreign investors will also be welcomed. Antonio (...)