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European news

Housing 29/07/2019

German housing stock up 0.6% to 42.2m in 2018

German housing stock increased by 0.6% or 267,000 dwellings last year to 42.2m, and was thus 4.3% or 1.8m units higher than at the (...)

Office 29/07/2019

German Union Investment's CRE lettings surge 80% - €96m net rent

Germany's Union Investment boosted total lettings across all global commercial real estate by 80% in the first half compared to 1H18, representing annual net (...)

Retail 29/07/2019

AXA IM-RA purchases stakes in Paris retail-based assets for total €676m

Giant Paris-based asset manager AXA IM-RA has added stakes in two Paris retail-based assets, Italie Deux and Passage du Havre, for a total investment of €676m. The (...)

Retail 26/07/2019

Madrid's Neinver eyes €350m Spain, Europe investments; denies sale rumours

Madrid-based family owned outlet centre firm Neinver expects to invest €350m through 2022 in Europe and Spain, and denies speculation that the company is for sale. The (...)

Listed 26/07/2019

Italian REIT Coima boosts EBITDA 2.9% in 1H; EPRA NAV up at €11.91 shr

Italian REIT/SIIQ Coima RES reported a 2.9%yy EBITDA rise in the first half, with EPRA NAV up to €11.91 per share. The firm sees dynamic growth (...)

Listed 26/07/2019

Paris office REIT Cegereal 1H earnings up 41% on Passy Kennedy purchase

Paris office REIT/SIIC Cegereal reported a 41%yy surge in EPRA earnings to €20.6m for the first half-year, with rents rising 20% after the addition of Passy Kennedy late (...)

Logistics 25/07/2019

Allianz Real Estate acquires first tranche of €80m Italian logistics portfolio

Allianz Real Estate has completed the purchase of two logistics warehouses in northern Italy in an off-market deal for €33.6m, the first tranche of (...)

Housing 25/07/2019

Germany's ECE, Art-Invest enter UK market with £190m London resi project

Two German property groups, ECE and Art-Invest, have formed a joint venture to develop a £190m residential project in the heart of London, each (...)

Listed 25/07/2019

Austrian S IMMO expects €120m portfolio uplift in first half results

Austrian listed S IMMO said it expects a portfolio value uplift of some €120m when first-half figures are released in late August, taking EPRA (...)

Housing 25/07/2019

Spanish housing developer Neinor reverses 1H18 net loss with profit of €12.4m

Neinor Homes, the Spanish housing developer with Orion Capital Managers as a major shareholder, this year reversed its 1H18 net loss to report profit of (...)

Listed 25/07/2019

France's Klépierre 1H net cash-flow up 5.4%; strategy aligned with retail transformation

Paris mall group Klépierre reported 1H19 net current cash-flow up 5.4%yy to €1.38 per share and said its strategy is perfectly aligned with the transformation of (...)

Listed 25/07/2019

French Covivio 1H AUM up 2.8%; on track for full year despite lower net

Paris-based REIT/SIIC Covivio's portfolio value rose 2.8% in the first half and, despite lower net income at €355m, said it is well on its way to (...)

Housing 24/07/2019

French 2Q home sales up 9.8%, bringing renewed upward price pressure

French second quarter housing transactions rose 9.8%yy to reach 985,000 in the preceding 12 months, with upward price pressures reappearing, according to the LPI-SeLoger barometer. At this (...)

Finance 24/07/2019

German Quadoro hits target €50m placement for sustainability fund

Quadoro Real Estate, based in Offenbach near Frankfurt, has hit targeted placement volume of €50m in the 7th closing of a special AIF in its (...)

Finance 24/07/2019

Paris's Eurazeo takes 44% stake in French developer Emerige

French private equity group Eurazeo has acquired 44% of one of the nation's leading property developers Emerige, with founder Laurent Dumas retaining a majority stake. No financial details (...)

Office 24/07/2019

France's Icade adds office in Paris-Gennevilliers at €123m value

French REIT/SIIC Icade has signed to acquire the Pointe Métro 1 office complex in Gennevilliers, a northwestern Paris suburb, by way of a share deal at an (...)

Housing 24/07/2019

Patrizia boosts Ireland portfolio to €650m with €93m Dublin resi project

German listed investment manager Patrizia has boosted its Irish portfolio to €650m with the €93m acquisition of a residential project in the capital Dublin. The (...)

Office 23/07/2019

French 1H regional office investment rises further to beat record 1H18

After a record 2018, office investment in French regions grew 5%yy in 1H19 to over €1bn, well above the five-year average even without big (...)

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 (...)