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European news

Listed 02/08/2019

Germany's Vonovia 1H FFO rises 13% to €609m, stresses social commitments

Bochum-based housing property giant Vonovia reported a 12.9% rise in group FFO for the first half to €609.1m, emphasising its social commitment to tenants, particularly the elderly. Rental income (...)

Finance 01/08/2019

Why is Eurazeo Patrimoine entering the capital of Emerige?

Business Immo: Why is Eurazeo Patrimoine entering the capital of Emerige? Renaud Haberkorn: We are entering the capital of Emerige due to three strong convictions. First of all, the (...)

Listed 01/08/2019

Germany's Hamborner REIT grows 1H FFO 1.9% to €26.6m, NAV up to €10.63

Duisburg-based Hamborner REIT recorded a 1.9%yy increase in funds from operations to €26.6m in the first half year, with net asset value up 6.3% (...)

Health / Senior 01/08/2019

Paris-based Korian raises 1H revenues 8% to €1.77bn amid entry to Spain, NL

Paris senior care property group Korian grew revenues 8.2%yy to €1.77bn and its EBITDA margin by 70bp to 14.6% in a first half that included entry (...)

Listed 01/08/2019

Frankfurt's DIC boosts FFO to €43m on GEG acquisition, strong operations

First-half FFO at Frankfurt listed property group DIC Asset jumped to €43m from €32m in 1H18 after acquiring the GEG German Estate Group, plus a (...)

Health / Senior 01/08/2019

French Primonial adds 20-asset German senior care portfolio from EQT

French property fund manager Primonial REIM has signed to acquire 20 German senior care facilities in a sale-leaseback portfolio sold by EQT Infrastructure. No financial details were (...)

Office 01/08/2019

Allianz acquires 22,500 sqm Hamburg HafenCity office project from EDGE

Munich-based Allianz Real Estate has acquired from smart-tech developer EDGE a Hamburg HafenCity office project aimed to deliver 22,500 sqm GLA. The companies, in separate releases, (...)

Listed 01/08/2019

URW 1H19 net rents up 3.3% to €1.25bn, sees strong Europe/US tenant sales

Europe's largest listed property owner, Unibail-Rodamco-Westfield, boosted 1H19 net rental income 3.3% like for like to €1.25bn and said tenant sales in Europe and the (...)

Listed 31/07/2019

EU's PEPP plan may unlock €231bn investment capital for listed real estate

The introduction of the European Union's Pan-European Personal Pension is set to unlock investment potential for listed real estate as high as €231bn, says (...)

Housing 31/07/2019

After 25 years delay, Madrid approves €7.3bn New North redevelopment

Madrid city council has, after 25 years of political deadlock, approved the massive €7.3bn 2.7m sqm Nuevo Norte (New North) redevelopment, also known as (...)

Logistics 31/07/2019

German 1H logistics investment falls 22% to €2.5bn due supply bottlenecks - Colliers

German first-half logistics property investment slid 22%yy to €2.5bn mainly due to supply bottlenecks, but remains the third-strongest asset class, says adviser Colliers International. Demand (...)

Listed 31/07/2019

Belgian REIT Cofinimmo 1H net rises to €75m, focus firmly on healthcare

Belgian REIT Cofinimmo first half net profit rose to €75m from €68m in June 2018, and said its focus this year has been on healthcare real (...)

Listed 31/07/2019

Spain's Merlin grows 1H FFO 11.6% to €157m, reconfirms div guidance

Spain's largest REIT/SOCIMI Merlin Properties reported a 11.6% rise in FFO to €157.2m in the first half, reconfirming dividend guidance for this year at €0.52. It (...)

Housing 30/07/2019

Berlin tops 2018 resi investment at €3.11bn, then Copenhagen, Paris, London - JLL

German capital Berlin attracted most multifamily investment last year, at €3.11bn, says JLL's European Multifamily Investment Report - followed by Copenhagen, Paris and London. The (...)

Housing 30/07/2019

European 2018 housing investment rises 40% to €56bn; growth set to continue - JLL

Institutional investment in European housing grew 40% last year to €56bn, and growth is set to continue, with rising geographical diversification and cross-border activity, (...)

Housing 30/07/2019

German developer Trei enters Polish housing, eyeing 1,600 units

Trei Real Estate, a unit of German supermarket chain Tengelmann, is entering housing development in Poland, and aims to develop 1,600 flats in the nation over (...)

Listed 30/07/2019

Spain's Colonial boosts 1H net 66% to €69m, sees strong business model

Spain-based office REIT/SOCIMI Colonial boosted recurring net profit by 66%yy to €69m in the first half-year, and said the earnings set strengthens the group's business (...)

Housing 30/07/2019

Benson Elliot completes €175m sale of German housing firm

UK-based private equity real estate manager Benson Elliot has sold its 74.9% stake in the German housing company GWB in Thuringia to a state (...)

Retail 29/07/2019

AEW’s Europe City Retail enters Portugal, taking fund value to €650m

Investment manager AEW is entering Portugal with its Europe City Retail fund, adding eight properties to take holdings to 23 assets in 13 cities worth (...)

Office 29/07/2019

Historic Grand Marnier Paris HQ acquired for €70m - BI sources

The historic Paris headquarters of Grand Marnier liqueur makers, 91 boulevard Haussmann, is to be acquired for €70m by Colliers' investment management arm, BI (...)