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SIIC

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 (...)

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 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 (...)

Hospitality 27/03/2018

French Foncière des Régions confirms talks to buy 14 British 4/5-Star hotels

Diversified French REIT/SIIC Foncière des Régions has confirmed it is in talks to acquire a portfolio of 14 British hotels from the US-based Starwood Capital group. The portfolio (...)

Finance 08/03/2018

French Altarea 2017 FFO climbs one-third to €256m; outlook never so good

French listed group Altarea Cogedim ended 2017 well ahead of plan, with recurring FFO one-third higher at €256.3m and diluted net asset value up 9% to (...)

Listed 01/03/2018

French REIT Affine boosts 2017 net by two-thirds, proposes €1 shr div

French commercial property REIT/SIIC Affine, which balances its portfolio between Paris and major cities, said 2017 net profit group share rose by two-thirds to €9.1m. EPRA earnings (...)

Finance 22/02/2018

French Gecina raises 2017 net by 4.6%, NAV by 19%; says Michel is stepping down

French office REIT/SIIC Gecina raised net income by 4.6% in 2017, adding nearly 19% to net asset value to take it to €152.9 per (...)

Finance 19/02/2018

Shares in French Cegereal jump on 2017 results, special div; eyes capital raise

Shares in Paris office REIT/SIIC Cegereal, controlled by US firm Northwood, jumped 8% Friday after it reported 2017 IFRS net profit up by 51% (...)

Finance 15/02/2018

French Foncière des Régions boosts 2017 net 10% to €391m, sees favourable 2018

Diversified French REIT/SIIC Foncière des Régions last year raised net recurring income by 10% to €391m, and will propose a 2.3% dividend increase to (...)

Finance 12/02/2018

French REIT SFL, controlled by Spain's Colonial, boosts 2017 net by 36%

Société Foncière Lyonnaise, a Paris office REIT/SIIC controlled by Spain's Colonial group, raised 2017 EPRA earnings by 1.5% to €102.4m though attributable net profit surged more strongly - (...)

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 (...)

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 (...)

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 (...)

Finance 30/11/2017

Inclusion of real estate in Italian individual savings should benefit REITs - Coima

The Italian 2018 budget's inclusion of real estate in PIR individual saving plans should bring more private capital into the sector and ultimately benefit (...)

Finance 17/11/2017

Alternative investments offer yield pickups, growing demand, INREV conference hears

Steady price rises across standard real estate types and yield pickups are prompting more investors to examine alternatives, the INREV Autumn Conference heard. Bus depots, industrial (...)

Housing 09/11/2017

Benefits argue for creation of large listed housing firms in France – IEIF

The benefits of listed housing firms demonstrated in Germany, Sweden and the US argue in favour of the emergence of a parallel sector in (...)

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. (...)