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European news

Career 20/02/2020

Catella's Arnaud de Sordi expected to join US Eastdil Secured

According to BI sources, after more than 17 years in the ranks of Catella Property France, Arnaud de Sordi, 42, has left his position (...)

Career 20/02/2020

Alain Resplandy-Bernard Appointed Head of the Real Estate Department

Gérald Darmanin, Minister of Action and Public Accounts, has decided to appoint Alain Resplandy-Bernard as head of the State Real Estate Department, a decision (...)

Finance 20/02/2020

Mipim and BI publish a white paper on France’s attractiveness for international investors

More than 6,380 international investors and representatives of financial institutions will be attending Mipim, organised by Reed Midem in Cannes from 10 to 13 (...)

Retail 19/02/2020

Paris-based Eurazeo Patrimoine sells Aubervilliers' CIFA shopping centre to Mata Capital

Paris-based pan-European investment group Eurazeo Patrimoine has sold to French private equity group Mata Capital the CIFA, a 40,000 sqm wholesale shopping centre located (...)

Office 19/02/2020

Hines sells Perspective Défense office building near Paris to Partners/Arax JV

According BI sources is separating from Perspective Défense, a 25,000 sqm office building in Colombes, north of the La Défense business district. Entirely renovated (...)

Territories 19/02/2020

"Despite the coronavirus, Mipim will proceed as planned"

While the coronavirus has taken over Barcelona’s Mobile World Congress and some of the future major professional events seem to be in the hot (...)

Office 18/02/2020

Ardian Real Estate acquires 7,000 sqm office building in Milan

Paris-based private investment group Ardian has acquired a 7,000 sqm building in Piazza Fidia 1, in Milan, from Generali Real Estate. The acquisition marks (...)

Office 18/02/2020

Munich's MEAG acquires 41 Grenette office building in Lyon

Munich's MEAG has purchased the 41 Grenette office building, in Lyon, for its real estate special investment fund MEAG Euro Pro. The vendor of (...)

Office 18/02/2020

BNP Paribas REIM buys the Kockelscheuer in Luxembourg from Grossfeld PAP

BNP Paribas REIM Luxembourg, on behalf of the Next Estate Income Fund III (NEIF III), has signed with Grossfeld PAP the sale of the (...)

Office 17/02/2020

“With the acquisition of Godewin, Germany becomes our 3rd office exposure”

Covivio has just completed a €1.2bn takeover bid for Godewin, a German listed real estate company specialising in office property. A strategic investment that (...)

Listed 17/02/2020

French retail REIT Carmila raised net rental income 6.2% in 2019

Carmila, the retail REIT/SIIC controlled by France's giant Carrefour, increased net rental income by +6.2% to €333.2m, including organic growth of +3.1%. Recurring earnings (...)

Listed 17/02/2020

Unibail-Rodamco-Westfield 2019 AREPS exceeds expectations

Europe's largest listed property owner, Unibail-Rodamco-Westfield, reported for 2019 an Adjusted Recurring Earnings per Stapled Share (AREPS) of €12.37, exceeding its guidance of €12.10 (...)

Territories 14/02/2020

"The French dream of themselves as inhabitants of urban villages."

At a time when urbanism is at the heart of the debate surrounding France’s municipal elections, private developer Novaxia commissioned polling and market research (...)

Listed 14/02/2020

Segro's adjusted profit up 10.8% in 2019

2019 was another year of strong financial and operational performance for UK-based logistics REIT Segro, with an adjusted profit before tax up 10.8% to (...)

Office 14/02/2020

French Covivio to launch takeover offer for Godewind Immobilien

Paris-based REIT/SIIC Covivio announced its decision to launch a voluntary public takeover offer for all shares in Godewind Immobilien AG, a listed office property (...)

Finance 13/02/2020

SCPI and retail OPCI funds collected €11.4bn in 2019 - Aspim/IEIF

French SCPI and retail OPCI funds collected €11.4bn in 2019, surpassing the previous record of 2017 (€10.4bn), according to Aspim-IEIF data. The investment volume (...)

Retail 13/02/2020

URW to partner with Crédit Agricole Assurances and La Française on a €2bn portfolio

Europe's largest listed property owner, Unibail-Rodamco-Westfield (URW) announced today that it has received binding offers from a consortium of French investors comprised of Crédit (...)

Territories 13/02/2020

Société du Grand Paris issues record €2.5bn green bond

Société du Grand Paris, the public body in charge of building the Grand Paris Express, issued its fourth green bond under its "Green Euro (...)

Office 12/02/2020

DTZ Investors REIM buys Aquarel building in Issy-les-Moulineaux

Acting on behalf of an OPPCI fund, DTZ Investors REIM has acquired the Aquarel office building in Issy-les-Moulineaux, near Paris, from AXA Investment Managers (...)

Office 12/02/2020

Covivio and Crédit Agricole Assurances to extend Dassault Systèmes’ campus near Paris

REIT/SIIC Covivio, insurance group Crédit Agricole Assurances and Dassault Systèmes have announced the extension of the software editor’s campus, located in the Inovel Parc (...)