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European news

Logistics 12/11/2019

Principal launches €800m long-income Euro real estate fund, buys in Amsterdam

UK-based Principal Real Estate Europe has launched its first long-income-focused European real estate fund, targeting €800m in the initial five years, and acquired its (...)

Listed 12/11/2019

Austria's CA Immo sells 4m Immofinanz shares for €111m

Austria's CA Immobilien has disposed of just over 4m shares in Austrian peer Immofinanz, around 4.0% of the latter's equity, worth an aggregate value (...)

Retail 12/11/2019

UK’s Pradera opens French office, names Yarhi director

London-headquartered shopping centre specialist Pradera is opening a French office and has appointed former Redevco executive Joëlle Yarhi as director to expand French activities. Yarhi (...)

Office 12/11/2019

French Gecina, in asset rejig, adds Paris office for €306m, sells for €238m

In a further portfolio rejig, French REIT Gecina is buying the 34,000 sqm Carreau de Neuilly building in Paris for €306m and selling two (...)

Hospitality 12/11/2019

Commerz Real sells Berlin's 5-Star Hotel de Rome to Caleus, GIC

In an off-market transaction Commerz Real has sold Hotel de Rome in Berlin to Caleus Capital Partners, an investment partnership of Caleus and Singapore (...)

Retail 07/11/2019

Macron drops support for Europacity retail/leisure megaproject north of Paris

French President Emmanuel Macron has dropped support for the Europacity megacomplex of leisure and shopping facilities north of Paris, which he now considers outdated. Confirming information from (...)

Logistics 07/11/2019

Tristan buys first two Dutch assets for €150m logistics platform

London-based real estate investment manager Tristan has acquired two Dutch warehouses in a first step towards assembling a logistics platform of at least €150m (...)

Housing 07/11/2019

US PGIM, Germany's DeWAG acquire Frankfurt-Sachsenhausen resi complex

US investment manager PGIM, together with the German DeWAG group, has acquired a residential complex in Frankfurt-Sachsenhausen holding 382 units. The seller is a family office from Munich, (...)

Housing 07/11/2019

German Patrizia buys in Denmark to take residential AUM to €9.8bn

German listed real estate manager Patrizia has acquired a further residential asset in Danish capital Copenhagen, taking total housing assets under management to some (...)

Hospitality 07/11/2019

French Gecina finalises €181m hotel sale with Angelo Gordon, EQ Group

Paris-based REIT/SIIC Gecina has finalised the sale of a French hotel portfolio to Angelo Gordon and the EQ Group, based on a valuation of (...)

Housing 07/11/2019

Swiss Life AM launches European Living mutual fund distributed by Deka

Swiss Life Asset Managers has launched the open-ended mutual property fund Swiss Life REF (DE) European Living to be distributed by Deka Bank, aiming (...)

Listed 06/11/2019

Berlin's TLG boosts 9mth portfolio 11.5% to €4.6bn amid Aroundtown merger

Berlin's TLG Immobilien boosted the value of its properties by 11.5% in the first nine months to €4.58bn, and reiterated that its merger with (...)

Housing 06/11/2019

Home prices in Spain moderate to av. 3.8%yy in October - Tinsa

House prices in Spain moderated in October to an average 3.8%yy as against 4.8% in September, and holding up best in the Balearic and (...)

Housing 06/11/2019

New Berlin rental cap, taking effect in February, said facing many legal challenges

The new Berlin rental cap, due to take effect from February, is likely to face many legal challenges as being unconstitutional under state or (...)

Finance 06/11/2019

European 3Q property demand positive; rents rising, yields falling again

European real estate demand held positive in third quarter, bringing positive rental growth and further yield compression, says adviser Cushman and Wakefield. In its latest (...)

Listed 05/11/2019

Spanish REIT Arima wins €60m equity offer from Canada's Ivanhoé

Amid a growing trend for private capital to buy into listed real estate, Spain's REIT/SOCIMI Arima has won a €60m subscription offer from Canada's (...)

Hospitality 05/11/2019

China's Huazhu group in €700m takeover of Germany's Steigenberger Hotels

In a further sign of strong demand from Asia for European real estate, the Chinese hotel group Huazhu is paying around €700m to take over Germany's Steigenberger Hotels. A (...)

Hospitality 05/11/2019

Commerz holds fast buying pace with €162m S-L for Düsseldorf's Hotel Maritim

Commerzbank's property unit Commerz Real is maintaining its fast pace of acquisitions, paying €162m in a sale-leaseback for Hotel Maritim in Düsseldorf's Airport City.  The purchase, involving (...)

Finance 05/11/2019

Institutions to invest more in infrastructure, renewable energies - survey

Institutional investors plan to significantly expand holdings in infrastructure and renewable energies in the coming three years, says a new study by Germany's Commerz Real.  Made in (...)

Office 05/11/2019

Germany's Deka adds office/retail in Rotterdam Forum for €64m

Deka Immobilien, part of Germany's savings bank system, has acquired a core-renovated historical office and retail property in the heart of Rotterdam for €64m. Sold (...)