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European news

Retail 03/09/2019

Germany's Metro, in sale-leaseback, sells 11 CEE cash & carry stores worth over €250m

Germany's Metro Properties, the real estate unit of global wholesaler Metro, has sold 11 cash & carry stores in Poland, Hungary and Czech Republic (...)

Logistics 02/09/2019

US-based retail specialist Thor Equities launches logistics division with ThorLogis

US investment firm Thor Equities, traditionally focused solely on retail real estate, is launching ThorLogis, a division specialising in the logistics sector. In a statement it (...)

Hospitality 02/09/2019

German Wealthcore says Vienna Hilton sold to Korean group for €370m

The final sale price of the Vienna Hilton Parkview hotel to a Korean consortium led by German investment manager Wealthcore came in at €370m, above that (...)

Housing 02/09/2019

Finnish Kojamo agrees to build over 900 apartments in Helsinki

Finnish listed housing firm Kojamo is to build 905 rental apartments, including 527 of its Lumo units, plus other properties in the Helsinki region worth around €90m. The (...)

Listed 02/09/2019

Germany's TLG pays €1bn for 10% stake in Aroundtown as the two eye merger

Listed German property firm TLG Immobilien has taken a €1bn, near-10% stake in peer Aroundtown and said the two companies will begin talks aimed (...)

Logistics 30/08/2019

France's ADP moves to actively manage its 1,242 ha. Paris airport property

France's ADP group, formerly Airports of Paris, is moving to actively manage its 1,242 ha. earmarked for property in order to create airport cities (...)

Office 30/08/2019

German slowdown to weaken office space demand by 4% this year - JLL

The economic slowdown in Germany has not yet weakened office space demand, but by year end is likely to have cut it by 4%yy, (...)

Housing 30/08/2019

Blackstone, in selling mode in Spain, puts €200m home loans up for sale

US wealth management giant Blackstone remains in selling mode in Spain, putting up for sale a package of residential mortgage loans worth €200m, part (...)

Listed 30/08/2019

Berlin's housing investor Adler grows 1H FFO 19% to €42m, focuses on core activities

Berlin's listed residential property group Adler Real Estate grew FFO 1 18.8% in first half to €41.7m, and said it made good progress in (...)

Retail 30/08/2019

Canada's Slate AM adds 19 German grocery-anchored assets taking total to 192

Canada-based Slate Asset Management has acquired three German grocery-anchored portfolios holding 19 properties to take its total of these assets in the nation to (...)

Housing 30/08/2019

Slowdown in French home building on city outskirts results from govt. policies - minister

The slowdown in single-family home building on city outskirts is the intentional result of government policies to favour inner cities, says Minister of Housing (...)

Finance 29/08/2019

Brexit sparks 31% fall in 1H UK RE investment; Euro volumes down 15%

Escalating concerns over the economic impact of Brexit drove UK property investments down 31%yy in the first half to €23.4bn, while European volumes in (...)

Listed 29/08/2019

Berlin housing firm ADO posts stable FFO at €33m amid regulatory uncertainty

Berlin housing specialist ADO Properties reported FFO 1 unchanged at €33.4m in a first halfcharacterised by changes in ownership and leadership, plus regulatory uncertainty. FFO 1 (...)

Housing 29/08/2019

French older home sales up 18% in 3mths to July; price pressures growing too

Sales of older homes in France grew by 17.9%yy in the three months to July, with price pressures increasing to 4.1%yy in July, according (...)

Listed 29/08/2019

Strong earnings propel Austrian Immofinanz 1H FFO 22% to €59m, doubling net profit

Strong earnings recorded by Austrian listed Immofinanz in 2018 extended into 1H19, boosting FFO 1 by 22%yy to €59m and more than doubling net (...)

Housing 28/08/2019

2Q residential prices in largest German cities slow to 4.6%yy - vdp

Residential property prices in the seven largest German cities slowed significantly in second quarter to 4.6%yy from 10.7% in 2Q18, says the Association of (...)

Housing 28/08/2019

French housing permits resume two-year decline in July to 115,500

After stabilising in second quarter, French housing permit issuance resumed a nearly two-year decline in July, falling 4.1% from May to 115,500, according to government figures. The (...)

Retail 28/08/2019

French 2Q retail investment falls 24%qq to €550m but household morale seen good

Investment in French retail property fell by 24% between the first and second quarters to €550m, taking total in 1H19 to €1.3bn but household (...)

Office 28/08/2019

Union Investment extends core location focus with €50m Helsinki office buy

Germany's Union Investment, extending its re-focus on core locations and new city development areas, has acquired a 5,700 sqm office asset in Helsinki for (...)

Listed 28/08/2019

Deutsche Wohnen follows 14% 1H FFO rise to €283m with €615m sale to ZBI

Following half-year results showing FFO1 rose by 13.5% to €283.4m, German listed firm Deutsche Wohnen has sold a package of 6,350 housing units to (...)