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European news

Finance 23/10/2019

Australia's Cromwell exercises rights in €600m Polish fund

Australia's Cromwell has exercised its pre-emptive rights to acquire a third-party investor interest in the Polish Retail Fund that it bought in 2013. No (...)

Housing 23/10/2019

French timber housing specialist Woodeum signs on Paris La Défense project

French timber housing specialist Woodeum and Paris La Défense have signed a sales contract for land in Les Groues, earmarked for 93 housing units, (...)

Office 23/10/2019

Exxon pre-letting of GTC's Budapest office project highlights surging CEE demand

In a sign of surging demand for modern central European office space, Warsaw-listed GTC has pre-rented 95% of 29,000 sqm GLA in a Budapest (...)

Retail 21/10/2019

Plagued by controversy, Paris Gare du Nord rejig plans to be reviewed

Plagued by controversy, €600m project plans to renovate the Paris Gare du Nord northern station are to be be resubmitted to the study process, (...)

Office 21/10/2019

European office rents rise 0.5%qq in 3Q19 but activity slowing – JLL clock

European office rents rose 0.5%qq in 3Q19, but economic activity has slowed, with eight of 24 major markets rising as against 11 in 2Q19, (...)

Office 21/10/2019

Singapore’s GIC confirms BI report of Paris PB6 tower buy, said at €550m

Singapore’s sovereign wealth fund GIC has confirmed its purchase of the 60,000 sqm Paris La Défense PB6 tower, which BI sources in September said (...)

Office 21/10/2019

CBRE GI adds 4,370 sqm office asset in Paris's 11th quarter seeing rental upside

CBRE Global Investors has completed the acquisition, on behalf of a client, of a 4,370 sqm office building in the 11th quarter of Paris, (...)

Housing 21/10/2019

Corestate extends Spain micro-living to €230m with Barcelona asset

Frankfurt-listed investment manager Corestate is developing another micro- living project in Spain to take its total strategy investment in the nation to €230m for (...)

Territories 21/10/2019

Grand Paris Express: "Construction potential of 40m to 45m sqm"

Business Immo: For this second part of your study on the Grand Paris Express, what did you use to quantify its impact on the (...)

Finance 18/10/2019

"The real estate industry must equip itself with the technologies necessary for rapid and informed decision-making"

Business Immo: What was the iread mission it set itself when it was created?  Jean-François Grazi: The observation we made is that the real estate industry (...)

Listed 18/10/2019

Hungary's Wing to take majority 56% of Polish developer Echo for €268m

Private Hungarian investor and developer Wing has signed an agreement to acquire a majority 56% stake in Polish developer Echo Investment, paying around €268m. The (...)

Finance 18/10/2019

New CBRE/BI French real estate user confidence index shows optimism on activity

In the first edition of a French real estate user confidence index produced by CBRE in conjunction with Business Immo, 76% of the respondents (...)

Logistics 18/10/2019

European 3Q logistics demand strong, with supply chain rejig a top priority

Demand for European logistics property in 3Q19 remained healthy, with supply chain reconfiguration a top priority, says Prologis Europe, the region's largest warehouse group. Hot (...)

Listed 17/10/2019

Corestate says business plan 2019 is on track after 16% share price slide

Frankfurt-listed Corestate Capital has reiterated that its business plan 2019 is on track, following a 16% slide in its share price late Wednesday. In a (...)

Office 17/10/2019

Germany's KanAm purchases 3,750 sqm Mogador property in Paris

Germany' KanAm Grund Group has purchased the Mogador property in Paris, a fully-let office and retail building in the 9th quarter of Paris for (...)

Housing 17/10/2019

Catella wins first intl. commitment at €40m from France’s Primonial for resi fund

Berlin-based Catella REIM's CER III Fund, which had its first close in July, has attracted its first commitment from outside Germany with €40m from (...)

Office 17/10/2019

Munich's HVB said eyeing €1.2bn sale of headquarters campus

Munich's Hypovereinsbank has begun a sales process worth up to €1.2bn of its Tucherpark office campus in the Bavarian capital, specialist news service Thomas (...)

Listed 16/10/2019

After logistics sale, Spain's Colonial analysing assets worth €1bn

Spanish REIT/SOCIMI Colonial, fresh from the €425m sale of its logistics portfolio, aims to continue expanding in office and is now analysing some €1bn in assets for (...)

Finance 16/10/2019

German property investment, at €43bn in first 9mths, 2019 set for record

German property investment reached almost €43.4bn in the first nine months of 2019, with €18.5bn in 3Q19 alone, and looks set to hit a (...)

Listed 16/10/2019

French REIT Argan acquires fund with 22 logistics assets worth €898m

French REIT/SIIC Argan has finalised the acquisition from Carrefour and institutional investors of the SCI Cargo fund holding 22 logistics assets at a value of €898m. In (...)