Business Immo, the real estate website

European news

Hospitality 11/09/2019

Sweden's Catella launches Catella Hospitality Europe with three Algonquin executives

The Swedish Catella group, in partnership with three former Algonquin executives, is launching Catella Hospitality Europe, a specialised division to address the hotels' sector. The (...)

Housing 10/09/2019

Aulagnon, Chaussard's Finestate makes first co-living buy in Paris

Paris-based Finestate, the private firm founded by former Affine executives Maryse Aulagnon and Alain Chaussard, has made its first purchase in its chosen sector - co-living. The property acquired is (...)

Finance 10/09/2019

European property funds set to bring €13bn of assets back to market by 2021

Some 50 European closed-end real estate funds are scheduled to terminate by 2021, releasing a potential €13.2bn back into the market, says European funds (...)

Office 10/09/2019

Savills launches Workthere web-based co-working brokerage service in Spain

Property Adviser Savills has launched its Workthere service in Spain - a website and brokerage service that helps firms find flexible, co-working and serviced office space. Since (...)

Listed 10/09/2019

Polish EPP's 1H net property income rises 8.5% to €72m, assets reach €2.5bn

Listed Polish retail property specialist EPP in first half 2019 boosted net property income by 8.5% to €71.8m, and increased its asset by 6% (...)

Office 10/09/2019

Korea's Kiwoom acquires Amsterdam's Queens Towers for €130m

Korea's Kiwoom Asset Management has acquired the Queens Towers office buildings in Amsterdam for €130m in a deal advised by London's AF Advisory and DTZ (...)

Listed 10/09/2019

EPRA launches database to address lack of consistent ESG reporting

Europe's listed real estate body EPRA has launched a comprehensive database to address the lack of consistent environmental, social and governance information. At its annual (...)

Office 09/09/2019

Sweden's Areim sells Stockholm landmark Brädstapeln 16 to KPA for €401m

Swedish independent fund manager Areim has sold a Stockholm landmark, the 39,000 sqm Brädstapeln 16, to KPA Pension, for a price around SEK4.3bn (€401m). Brädstapeln was constructed in 1974-1975 by (...)

Office 09/09/2019

Asian appetite for Paris-La Défense continues as GIC nears €550m closing on Tower PB6

Asian investor appetite for large office towers in Paris-La Défense continues unabated, with BI sources saying Singapore's GIC is near to closing on Tower PB6 for (...)

Office 09/09/2019

Henderson Park, Swiss Life said buying Munich's Kustermannpark for €350m

In what would be its third major purchase in as many months, the UK's Henderson Park is reported close to be acquiring, with Swiss (...)

Housing 09/09/2019

Corestate pays €60m for Cologne micro apartment project for Bavaria's BVK

Listed investment manager Corestate Capital has acquired a micro apartment project in Cologne-Deutz for a special fund managed by Bavaria's BVK for an investment volume of (...)

Logistics 09/09/2019

Germany's Patrizia adds new logistics warehouse near Saint-Étienne, France

Listed German investment manager Patrizia has acquired a new logistics warehouse in Andrézieux-Bouthéon, north of Saint-Étienne, France, for one of its pan-European funds. The Augsburg, (...)

Housing 09/09/2019

Spanish 2Q house price growth slows to 5.3%, sales fall sharply

Spanish house price growth slowed to 5.3%yy in second quarter, moderating from 6.8% in 1Q19, while sales also fell in June at their fastest (...)

Finance 06/09/2019

European 1H RE investment slips 13% to €102bn, but yields unlikely to rise

First half European real estate investment slipped 13%yy to €101.8bn, but despite slower growth, yield declines show little sign of reversing, says BNP Paribas (...)

Listed 06/09/2019

French Atland to pay €40m to acquire housing development arm in restructuring

French REIT/SIIC Foncière Atland is to pay €40m to take over its housing development arm, in a group restructuring aimed to strengthen its position as a global (...)

Office 06/09/2019

Skanska sells Polish Wroclaw, Krakow office projects to Credit Suisse for €214m

Credit Suisse Asset Management has paid €214m to acquire two Polish office projects from Skanska, the 22,800 sqm Nowy Targ in Wroclaw and 37,500 sqm High5ive (...)

Finance 05/09/2019

Deutsche's DWS revises up Euro real estate outlook due to occupier demand, yields

With occupier demand robust and negative yields returning, Deutsche Bank investment management affiliate DWS has revised up its outlook for European real estate. Office, logistics (...)

Office 05/09/2019

Madrid 1H office take-up jumps 25%yy to highest in 12 years

Take-up in Madrid’s office market reached 355,800 sqm in first half 2019, the highest recorded in 12 years and up 24.6% from 1H18, according (...)

Housing 05/09/2019

Catella raises €90m for Euro residential fund to diversify into new segments

The Sweden-based Catella group has raised €90m for its Catella European Residential I housing fund, launched in 2007, with the aim of diversifying into (...)

Finance 04/09/2019

CEE attracts €5.5bn 1H real estate investment; full year could outstrip 2018's record

First half real estate investment across central and eastern Europe rose over €5.47bn, and volumes this year may even outperform 2018's record €13.23bn, says (...)