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European news

Office 27/07/2020

Off-plan office acquisitions still popular in the Paris region… for the time being – Arthur Loyd

Arthur Loyd has published exclusively for Business Immo the results of its first edition of "Grand Pariscope", a cross-analysis of the off-plan transactions market (...)

Hospitality 27/07/2020

Azora launches €680m European leisure hotel fund

Madrid-based European real estate investment fund manager Azora has raised €680m to launch a new fund, Azora European Hotel & Lodging, F.C.R., above the fund's (...)

Office 27/07/2020

Average rent incentives reach at 20.9% in the Greater Paris region​ in Q2 2020 – Immostat

The average level of rent incentives for new office lettings above 1,000 sqm in the Greater Paris Region increased in Q2 2020 to reach (...)

Retail 27/07/2020

Unofi buys Lilles's 24,700 sqm Printemps department store from LaSalle IM

According to BI sources, the Paris-based SCPI management company Unofi-Gestion d'Actifs, on behalf of the SCPI Notapierre, has just acquired a 24,700 sqm retail asset housing (...)

Finance 27/07/2020

Novaxia Investissement prepares the recovery with two new funds

Novaxia Investissement launches Recovery and Recovery+, two investment funds dedicated to economic recovery and urban transformation. The first has just signed the promise to (...)

Retail 27/07/2020

Foncière Patrimonia buys Paris 8th's 51 avenue Montaigne

French unlisted real estate company, Fonciere Patrimonia, has acquired 51 avenue Montaigne, in the 8th arrondissement of Paris, via a share deal. The tenant, Dior Couture, occupies the 806 sqm (...)

Listed 24/07/2020

Gecina anticipates 2020 results close to its initial guidance

While some listed real estate companies were heavily impacted by the Covid-19 epidemic, Paris-based REIT/SIIC Gecina was able to limit the damage in H1 (...)

Finance 24/07/2020

France adopts a SRI label for real estate

Bruno Le Maire, Minister of the Economy, Finance and Economic Recovery, has published a decree for the creation of the socially responsible investment (SRI) label (...)

Office 24/07/2020

Lyon: decline in transactions on the office rental market, yet an investment record (JLL)

Following the publication of figures from the "Centre d'études de la conjoncture immobilière" — Cecim — for H1 2020, JLL notes a sharp decline (...)

Housing 24/07/2020

A drop in activity is expected on the French housing market in 2020 — Fnaim

The French national real estate federation — Fnaim — estimates in its latest note on the French housing market, that the significant drop in market activity (...)

Career 24/07/2020

Union Investment Real Estate appoints Michael Bütter as future CEO

Union Investment Real Estate GmbH has announced that Michael Bütter will become Chairman of the Management Board (CEO) and head of its Real Estate (...)

Listed 23/07/2020

"Covivio has no intention of changing its strategy in the hotel business."

Business Immo: What is your assessment for the 1st half of 2020? Christophe Kullmann: In this very special context marked by the health crisis, Covivio's (...)

Retail 23/07/2020

Facing a 29.9% activity drop in H1 2020, French retailers call on government for help

Since the beginning of 2020, the cumulative decline in turnover of the French specialised retail chains has been -29.9%, according to Procos, a federation (...)

Finance 23/07/2020

Mata Capital closes its MCF Quality Street fund at €50m

Paris-based private equity group Mata Capital has just closed its MCF Quality Street fund with a total capital of €50m, enabling it to invest (...)

Office 23/07/2020

Perial AM acquires Barcelona office building for €14.5m

Perial AM has just acquired an office building for €14.5 M, on behalf of PFO2. It is located in the 22@ district, a sub-market of Barcelona (...)

Hospitality 23/07/2020

Schroder Real Estate Hotels raises €425m for its pan-European operating fund

Schroders has so far raised €425m of equity commitments for its debut hotel fund, the Schroder European Operating Hotels Fund I, mainly from major European (...)

Office 22/07/2020

UBS AM buys prime Paris CBD office building for €43m

UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM) business has acquired a prime office building in Paris CBD for €43m. The property, located (...)

Logistics 22/07/2020

M7 Real Estate lets 3,700 sqm Paris warehouse to Homeworks

Pan-European investor and asset manager M7 Real Estate has announced that it has agreed a new 3,700 sqm letting to Homeworks, a specialist tile (...)

Listed 22/07/2020

Covivio’s offices and residential performances hold up in H1 2020, but hotels suffer from the crisis

Paris-based REIT/SIIC Covivio reported rental income of €302m for H1 2020 (vs €439m in H1 2019), up 1.9% on a like for like basis (...)

Health / Senior 22/07/2020

Swiss Life AM unveils growth plans for its pan-European healthcare fund

Seeking to respond to structural demand for investment in the European healthcare sector, Swiss Life Asset Managers has unveiled growth plans for its pan-European (...)