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REIT

Finance 12/02/2018

French REIT Icade triples 2017 net to €170m, proposes dividend increase

French REIT Icade reported a tripling of 2017 net attributable profit to €170.3m, and will propose a rise in its dividend to €4.30 per share. Net (...)

Hospitality 08/02/2018

Spanish REIT Hispania, eyeing merger, makes offer to Bay Hotel shareholders

Following its move last year to become the sole owner of Spanish resort group Bay Hotels, Madrid REIT/SOCIMI Hispania is considering a merger or a de-listing (...)

Retail 08/02/2018

French mall REIT Klépierre boosts 2017 net to €1.5bn, raises div., guidance

French shopping centre REIT/SIIC Klépierre reported a slight rise in net income for 2017 to €1.50bn from €1.48bn a year earlier, plus a 7.4% climb in (...)

Finance 06/02/2018

Theuriau steps down from French Altarea Cogedim to launch European fund

Stéphane Theuriau, co-CEO of French REIT/SIIC Altarea Cogedim and head of its Cogedim unit, is to leave the Paris-based group to launch a new business with the creation (...)

Office 19/01/2018

Eyeing European REITs, US Seeking Alpha adviser picks Gecina, Paris office as winners

Never before have I seen a private US stock-picking adviser venture into listed European real estate, but US retail investors are looking around the (...)

Finance 18/01/2018

Norway's €874bn SWF holds 4.8% of Spain’s Neinor after placement

Norway's giant pension sovereign fund has declared a 4.8% investment in Spanish REIT/SOCOMI Neinor Homes after the accelerated book building last week in which the sponsor, (...)

Hospitality 15/01/2018

Spain's NH hotel firm rejects Barcelo €2.5bn bid, leaves door open to better offers

The Spanish-based NH Hotel Group has rejected an unsolicited €2.5bn takeover bid from resort hotel group Barcelo, saying it would not create shareholder value (...)

Logistics 15/01/2018

Romania recovery doubles logistics target for Belgian WDP to €500m - CEO

The economic recovery in Romania and lack of modern warehouses means the market now has good potential, says Joost Uwents, CEO of listed Belgian logistics (...)

Finance 09/01/2018

Spanish Colonial bid on track after Axiare board votes in favour

The takeover bid by Spain's REIT/SOCIMI Colonial for its smaller peer Axiare Patrimonio remains on track after Axiare's board voted in favour and its CEO said he will (...)

Office 04/01/2018

Singapore giant Capitaland pays €245m for first German CRE, eyes more in Europe

Singapore property giant CapitaLand, present in Germany with serviced residence REIT Ascott, has acquired its first commercial property there - and outside Asia - (...)

Hospitality 21/12/2017

Spanish REIT Hispania to pay €165m for seven resort hotels

Spanish REIT/SOCIMI Hispania has signed an option to acquire, for €165m, seven hotels of the Alua Hotels & Resorts chain on the Balearic and Canary islands (...)

Listed 20/12/2017

Six European office REITs form sustainability and innovation thinktank

Even if real estate is local, clients' technical and environmental needs are the same across Europe, says Meka Brunel, CEO of French SIIC Gecina and one of (...)

Office 18/12/2017

China's Fosun to grow Paref in Paris, Europe, even as Beijing pressure intensifies

Just two months after acquisitive Chinese group Fosun took control, French real estate manager Paref is making ambitious plans to expand in Paris and other European (...)

Hospitality 12/12/2017

French Batipart's €70m new Spanish hotel buy is part of 3-tier strategy - Ruggieri

Just over a month after floating a hotel REIT/SOCIMI on the Spanish stock market, Batipart, the French Ruggieri family's holding firm, has paid €70m to (...)

Retail 12/12/2017

Unibail-Rodamco in agreed €13.28bn takeover of Australia's Westfield

Europe's largest REIT and its biggest manager of retail space, the Franco-Dutch Unibail-Rodamco, has agreed to buy Australian counterpart Westfield for €13.28bn, adding London and (...)

Retail 08/12/2017

Foncière des Regions signs €290m of non-strategic French retail disposals

France's third largest REIT/SIIC by assets, Foncière des Régions, has signed agreements to sell of nearly €290m of non-core properties, French retail, aiming to strengthen (...)

Hospitality 06/12/2017

Barcelo's Spanish hotel merger bid for NH synches with Chinese HNA troubles

The sharp rise in tourism to Spain that has brought at least two REITs and numerous funds surging into its hotel sector has sparked (...)

Listed 05/12/2017

Post-IPO, Singapore's Cromwell European REIT eyes Italy, eschews Poland

With the Australian Cromwell Property Group as its 35.8% sponsor, Cromwell European REIT raised €866m in a second try at a Singapore float last (...)

Retail 04/12/2017

Poland's Griffin signs €1bn of 28 retail assets, earmarking 12 for Echo Polska

Poland's Griffin Real Estate, controlled by US funds Oaktree, PIMCO and South Africa's Redefine, has signed a deal reported earlier to acquire 28 domestic (...)

Finance 01/12/2017

Electoral law, GDP growth, supply shortage seen compressing Italian office yields

Helped by a new electoral law, GDP growth momentum and a supply shortage, Italian office sector dynamism is picking up and should produce rental (...)