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European news

Office 11/03/2021

The Parisian offices at 87/89 Kléber avenue are valued at €22,000 per sqm

A successful value creation strategy for Financière du Grand Palais (FGP) in the Paris CBD! Owner since July 2020 of the 87/89 avenue Kléber (...)

Career 11/03/2021

Riccardo Abello joins Eurazeo Patrimoine as Managing Director

Eurazeo Patrimoine, the real assets division of Paris-based Eurazeo group, has announced that Riccardo Abello is joining as Managing Director. Based in London, he (...)

Office 10/03/2021

"I don't believe in the death of the office, but in the death of a certain type of office"

Business Immo: BC Partners aims to invest massively in European offices. But first, what is your reading of the market in France, and more (...)

Hospitality 10/03/2021

Extendam continues to invest in the hotel business off-market

Extendam has announced the off-market acquisition of a hotel combo combining the Ibis and the Novotel Marne-la-Vallée Noisy-le-Grand. Acquired under "favourable conditions", these hotels, (...)

Career 10/03/2021

Société du Grand Paris: the Supervisory Board approves Jean-François Monteils’ appointment

Société du Grand Paris Supervisory Board has approved the proposal to appoint Jean-François Monteils as Chairman of the Management Board, replacing Thierry Dallard. "I would (...)

Listed 10/03/2021

Frey’s operating income up 46% in 2020

Frey's current operating income rose sharply to €42.4m in 2020 (+46%), compared with €29m in 2019, thanks to the increase in sales and good (...)

Finance 09/03/2021

With a new top management, Patrizia France is set to accelerate its development

Following the departure in January of Lionel Nicolas, Geoffroy Cerez has become Chairman of Patrizia France, a role he will combine with his current (...)

Finance 09/03/2021

BNP Paribas REIM raises €340m for its healthcare fund HPF

BNP Paribas REIM launched in the first semester of 2020 the Healthcare Property Fund Europe (HPF), which has already secured equity commitments of €340m, (...)

Retail 09/03/2021

French Ministry of Economy is working on taking over the rents for closed shops

The Ministry of the Economy is considering the takeover of the rents for closed shops, following the administrative decision to fight the Covid-19 pandemic. (...)

Finance 09/03/2021

After a successful merger, La Française's SCPI fund Épargne Foncière to become largest in the market

At an Extraordinary General Meeting, La Française's partners voted in favour of the merger of SCPI Multimmobilier 2, Eurofoncière 2 and Pierre Privilège into SCPI Épargne (...)

Career 09/03/2021

Valérie Courbier and Magali Marton join the board of Cushman & Wakefield France

Cushman & Wakefield France has appointed Valérie Courbier, Head of Marketing & Communications, and Magali Marton, Head of Research and Business Development, to its (...)

Career 09/03/2021

Hines appoints Stephen Finch as Head of Facilities Management – Living for Europe

Hines has appointed Stephen Finch as Head of Facilities Management – Living, Europe within its Property Management Group. A core focus of this role (...)

Finance 08/03/2021

“Half of investors based in North America expect to increase their allocation to Europe”

Business Immo: Following the investment intentions survey 2021, co-authored by INREV, ANREV and PREA, what can you tell us about institutional investors’ state of (...)

Territories 08/03/2021

Data centres: France in the world's top 10 most attractive countries - Arcadis

With very good cybersecurity, a reliable energy network and government initiatives aimed at accelerating the digitisation of the economy, France offers a favourable environment (...)

Retail 08/03/2021

French specialised retail: activity down 25% year-on-year in February 2021 — Procos

According to the latest report on French specialised retail by Procos, shop activity for February 2021 is 25% lower than in February 2020. These (...)

Finance 08/03/2021

BentallGreenOak raises €869m for its second Europe Secured Lending Fund, exceeding target

Global real estate investment management advisor has announced the successful final close of the GreenOak Europe Secured Lending Fund II, with a total of (...)

Territories 05/03/2021

Health crisis, climate, social and economic challenges... Mipim is turning into a digital summit

A year ago, Reed Midem was forced to cancel its real estate industry event in Cannes, the Mipim, because of the Covid-19 surge and the (...)

Housing 05/03/2021

Paris prestige real estate is not in crisis — Barnes

After having effectively withstood the health crisis in 2020, the prestige property market recovered in 2021, boosted by solid and healthy fundamentals, according to (...)

Retail 05/03/2021

France closes >10,000 sqm shopping centres in high-risk departments

Although French Prime Minister Jean Castex estimated yestereday in a televised speech that "the observed evolutions do not justify taking at this stage" lockdown measures (...)

Housing 05/03/2021

Immobel’s portfolio value grows 13% in 2020

Belgian REIT Immobel registered in 2020 revenues of €375.4m, with an EBITDA of €52.8m and net group profit share of €33.3m or €3.58 per (...)