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European news

Listed 23/07/2019

Gazit in €565m offer for CEE-focused Atrium European affiliate

The US and Israel-based Gazit Globe is restructuring ownership of CEE retail affiliate Atrium European Real Estate, in a €565m offer via a Dutch (...)

Office 23/07/2019

Germany's Diok adds three office assets to take AUM to €150m

German listed Diok RealEstate, specialised in medium-sized office property, has added three office buildings worth around €45m to bring its portfolio up to €150.35m. The firm (...)

Logistics 23/07/2019

Barings enters Italian logistics, purchasing six Verona region assets for a client

Barings, part of the US MassMutual insurance group, has entered Italian logistics, acquiring a portfolio of six assets comprising 95,000 sqm on behalf of (...)

Housing 22/07/2019

German 1H Big 8 residential rents lose momentum, up only 2.3%

German residential rents in the Big 8 cities lost momentum in the first half-year, up 2.3% on average against 1H18, but still well below (...)

Housing 22/07/2019

Commerz Real adds student, senior housing in Hanover for €36m

Germany's Commerz Real has extended its residential portfolio, investing €36m in separate student and senior transactions in Hanover, the capital of Lower Saxony state. The (...)

Listed 22/07/2019

French Icade's 1H net surges to €47m; EPRA NAV up to €92.3 shr

Attributable net profit at French REIT/SIIC Icade surged 73% to €47m in the first half, with EPRA NAV up 2.7% at €92.3 per share. The group confirmed its (...)

Finance 22/07/2019

Madison takes 5% in Austrian Signa's €12.5bn holding in German Kaufhof stores

US-based Madison International has taken a 5% stake in Austrian Signa group's €12.5bn vehicle holding the German Kaufhof stores, plus another 27 trophy assets (...)

Logistics 19/07/2019

BNP Paribas REIM closes Eurozone Logistics Fund at €300m hard cap

BNP Paribas REIM has made a final closing of its Eurozone Logistics Fund, which reached its hard cap of €300m commitments in the last (...)

Office 19/07/2019

Korea's JR AMC enters CEE with €41m purchase of Budapest office project

Korea's JR AMC, active recently in western Europe, has entered central Europe, paying €41m to acquire Budapest’s Nordic Light Trio office building from developer (...)

Finance 19/07/2019

Greek REIT Pangaea wins €50m EBRD loan to support green investments

Pangaea, the largest REIT in Greece managing €1.7bn of assets, has won a €50m loan from the EBRD to support green investments, sustainable projects, (...)

Office 19/07/2019

Cofinimmo calls €50m Brussels Souverain/Vorst office sale a milestone

Belgian REIT Cofinimmo, in what its CEO described as a milestone, has signed an agreement to sell the Souverain/Vorst 23-25 office buildings in Brussels for (...)

Office 19/07/2019

Euro office demand to stay above trend after vacancies fall to lowest in 17 years

Office demand in Europe should stay above trend and, coupled with low supply, continue to support rents after vacancies dropped to their lowest in (...)

Listed 19/07/2019

France's Gecina reports 1H return at 11.4%, EPRA NAV up at €169.8 shr

French REIT/SIIC Gecina reported an 11.4%yy total return in the first half, with appraisal values lifting 3.9% like-for-like, taking EPRA net asset value up 8% to €169.8 per (...)

Logistics 18/07/2019

Savills IM logistics fund grows to €605m with €49m German cross-docks buy

Savills Investment Management's €48.7m acquisition of a portfolio of three cross-docks in Germany for its European Logistics Fund 2 takes fund volume to €605m. Located (...)

Office 18/07/2019

NEPI Rockcastle to sell €309m Romania office package to AFI Europe

South Africa-listed NEPI Rockcastle has signed an non-binding LOI with Israel-based AFI Europe to sell its Romanian office portfolio, which has a book value of €309.2m. NEPI (...)

Office 18/07/2019

Singapore's CapitaLand adds 95% of Frankfurt's Airport Center for €252m

Singapore's CapitaLand is paying €251.5m to acquire, from a joint venture it partly owns, a 94.9% interest in Main Airport Center, an office complex at (...)

Hospitality 18/07/2019

Paris-based AXA IM-RA makes 5th Amsterdam hotel acquisition

Paris-based AXA Investment Managers-Real Assets has made its fifth Amsterdam hotel acquisition, purchasing the DoubleTree by Hilton at the Dutch capital's central station. In a (...)

Office 18/07/2019

Advised by CBRE GI, Italian mgr Fabrica pays €132m for Brussels Mondrian

Advised by CBRE Global Investors, Rome-based manager Fabrica SGR has paid €131.5m for the 20,600 sqm EC-let Mondrian office building in Brussels on behalf of a (...)

Retail 17/07/2019

French Primonial REIM makes first investment in the Netherlands with acquisition of 42 retail assets

French fund investor Primonial REIM completed the acquisition of a portfolio of 42 retail assets in the Netherlands on behalf of two of its (...)

Housing 17/07/2019

Altarea Cogedim acquires a 50% stake in Woodeum Résidentiel

The founders of the Woodeum group, Guillaume Poitrinal and Philippe Zivkovic, announced today that French REIT/SIIC Altarea Cogedim has acquired a 50% stake in (...)