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European news

Finance 21/09/2018

Engel & Völkers consolidates in Frankfurt under consultancy arm

Engel & Völkers Commercial, part of the Hamburg-based brokerage group, is establishing a new, stronger presence in Frankfurt after its consulting arm took over (...)

Retail 21/09/2018

Paris's €600m Eurostar terminus facelift to put it on par with St. Pancras

Eurostar users take note! After a €600m facelift, the Gare du Nord terminal in central Paris will be the equal of London's St. Pancras, according (...)

Retail 21/09/2018

Retail, logistics lines blurring, yield gaps narrowing - Savills

The line distinguishing European retailers and logistics is, like their yield differences, becoming increasingly blurred, says adviser Savills. Retailers adapting to omni-channel strategies including (...)

Office 21/09/2018

Tishman Speyer buys Frankfurt tower for new German IM platform

Global developer Tishman Speyer has acquired the Bürohaus an der Alten Oper in Frankfurt for a new investment management platform, the third office tower to change hands in the (...)

Finance 21/09/2018

Japan pension giant GPIF awards global real estate mandate to CBRE GIP

Japan's Global Pension Investment Fund, the world's largest pool of retirement savings with $1.43tr AUM, has appointed CBRE Global Investment Partners as its global (...)

Finance 21/09/2018

French Tikehau to acquire Paris mgr Sofidy for some €200m equity value

Paris-based listed investment firm Tikehau Capital is to acquire French real estate manager Sofidy at an equity value around €200m plus another €100m for (...)

Listed 20/09/2018

Corestate founder Winter buys back part of 10% placement

Corestate Capital founder Ralph Winter has bought back into the firm, adding 250,000 shares worth €11m just seven months after he sold over 10% (...)

Finance 20/09/2018

Non-listed fund expense ratios, at 0.86%, highlight growing transparency - INREV

The non-listed real estate fund sector has made a dramatic leap in transparency, says industry body INREV, and a record 115 contributed to a (...)

Finance 20/09/2018

Frankfurt's KanAm invests €130m of new European Cities fund

The Frankfurt-based KanAm Grund group has established a new real estate fund for institutional investors, KanAm Grund European Cities, and in under two months added properties worth over (...)

Housing 20/09/2018

German building permits up 1.9% at 203,000 in year to July

German building permits in the year to July climbed 1.9% to 203,300 from the same period last year, according to official statistics. The permits were (...)

Hospitality 20/09/2018

French manager Corum adds six Finnish hotels for fund

Paris-based real estate asset manager Corum has acquired a portfolio of six hotels across Finland from CapMan Hotels RE for around €70m, acting on behalf of its fund Corum Convictions (...)

Finance 20/09/2018

Norway's Axactor adds €102m Spanish distressed real estate portfolio

Norway's listed Axactor has acquired a distressed 1,500-asset real estate portfolio assessed at €102m from a Spanish bank, its seventh foray into Spain marked last year (...)

Housing 19/09/2018

Spain’s Santander to sell 36k resi portfolio to Cerberus for €1.5bn

Spain's Banco Santander has reached agreement to sell US-based opportunity fund Cerberus a portfolio of 35,700 residential properties for over €1.54bn, representing 55% of (...)

Finance 19/09/2018

Property professionals confident in run-up to Expo Real in Munich

Property professionals remain confident in the run-up to Expo Real in Munich that the sector will continue to do well, say organisers, who carried out (...)

Listed 19/09/2018

German Patrizia renames all units under parent brand

Less than a year after the takeover of real estate managers TRIUVA and Rockspring, German listed Patrizia has brought all group units under the single shared (...)

Housing 19/09/2018

Europa Capital options 15th century Majorcan palace for resi conversion

London-based investment manager Europa Capital, is pushing further into housing, signing an option for €22m on a 15th century palace in Palma, Majorca, that (...)

Listed 19/09/2018

Founders take more equity as Paris REIT Inea reorganises ownership

Paris-based REIT Foncière Inea, managing €530m AUM, has reorganised its equity, buying back holdings from a family office in a move in which both founders, Philippe (...)

Listed 19/09/2018

Bucharest's Globalworth confirms net surge, eyes London's main market

After robust expansion in the last 12 months, Bucharest-based Globalworth, listed on AIM, confirmed interim results showing first half net surged to €56.4m, and said (...)

Listed 19/09/2018

After delays, Portugal cites January 2019 as start date for REITs

After several delays, Portugal is planning to introduce REIT legislation in January for all real estate asset classes and will finalise details before year end, says (...)

Finance 18/09/2018

CRE investment surges in NL, Poland, Ireland, Portugal - Savills

First half real estate investment in Europe fell 5%yy to €97bn overall, says global adviser Savills. But incoming volumes surged in The Netherlands, Poland, (...)