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European news

Logistics 25/03/2019

US Hines launches new German logistics strategy targeting €400m

US-based global real estate investor Hines is launching a new investment strategy in logistics in Germany, in which it intends to invest €400m over (...)

Finance 25/03/2019

BlackRock acquires Paris Proptech firm eFront for $1.3bn

Paris-based Proptech firm eFront, which offers technology solutions for managing alternatives' investments, has been acquired by US investment giant BlackRock for $1.3bn. The French firm, one of the (...)

Office 25/03/2019

Credit Suisse, advised by Belvedere, buys Paris La Défense office from Primonial

Zurich-based Credit Suisse Asset Management has acquired the Le Lavoisier office building in Paris La Défense from French manager Primonial REIM. No price was (...)

Retail 25/03/2019

Ireland's Greenman pays €143m for 33 German supermarket retail assets

In two separate deals with a combined value of €143m, Irish retail fund manager Greenman is acquiring 33 German properties anchored by the supermarket (...)

Listed 25/03/2019

Germany's Adler sells Brack unit commercial property for €181m

Berlin-based listed residential property group Adler Real Estate has made the first disposal of commercial property from its Brack Capital unit for a price (...)

Health / Senior 22/03/2019

German senior care investment potential is €64bn, says specialist Terragon

Among German municipalities, 94% have insufficient supply of assisted living facilities for seniors, and the investment potential nationwide is €64bn, says sector specialist Terragon.  It estimates (...)

Listed 22/03/2019

New TLG to focus on office, rejig retail to boost shareholder value - CFO

New management at Berlin's listed TLG will concentrate on office assets and cut or redevelop retail to get more shareholder value from its €4.1bn (...)

Office 22/03/2019

Korean investors comb Paris La Défense after Mirae snaps up URW's Majunga for €850m

South Korean investors are watching Paris La Défense closely after news Unibail-Rodamco-Westfield has sold the Majunga tower to Seoul-based Mirae Asset Daewoo for €850m. The deal raises (...)

Territories 22/03/2019

Poland's first metro area, 41 communities in Upper Silesia, seeks inward investment

Poland's first official metropolitan area, Metropolis GZM combining 41 communities in Upper Silesia, is seeking inward real estate and infrastructure investment, its chief representative says. Krystian Gryglaszewski, chief (...)

Finance 22/03/2019

Germany's Helaba boosts 2018 new property lending to €10bn

Germany's Helaba, one of the country's leading property lenders, boosted new business in real estate to €9.8bn last year from €8.7bn in 2017, raising loss (...)

Listed 22/03/2019

France's Atland boosts 2018 net 116%, portfolio expands 58% to €1.2bn

French real estate group Foncière Atland said it grew consolidated net income by 116% to €6.2m last year from a portfolio that jumped 58% in value to (...)

Office 22/03/2019

Germany's Union Investment adds period office asset near Paris Louvre

Germany's Union Investment has acquired a renovated office property near the Louvre Museum in Paris dating back to 1855 and with 9,700 sqm of (...)

Logistics 21/03/2019

Spain's Colonial said selling logistics portfolio with €400m price tag

Spanish REIT/SOCIMI Colonial is reported to be preparing its entire logistics portfolio for sale in a deal that could fetch up to €400m. The portfolio is (...)

Finance 21/03/2019

French property values, seen near cycle peak, show new dynamism in 4Q18

French property values are at or near a cycle peak, yet the last quarter of 2018 showed a renewed dynamism, with expectations of further (...)

Housing 21/03/2019

KanAm, pantera to invest €60m to build 200 Frankfurt serviced apartments

German fund manager KanAm Grund and Cologne-based developer pantera are to invest €60m to build over 200 serviced apartments in downtown Frankfurt. The KanAm Group's German Development (...)

Listed 21/03/2019

Corestate names Schnidrig new CEO, confirms 2019 net profit target

Germany-focused Corestate Capital has named Lars Schnidrig as new CEO, extended CIO Thomas Landschreiber's contract and confirmed a 2019 net profit target up to €140m. The appointment of Schnidrig, until (...)

Finance 21/03/2019

Yield spreads, low rates to keep European real estate attractive to investors - Savills

Yield spreads around Europe will remain attractive in European real estate, and with interest rates expected to stay low, investment capital will continue to (...)

Listed 21/03/2019

Warsaw's GTC grows FFO 29% to €61m though net slides on lower revaluation

Warsaw-based CEE investor GTC grew FFO last year by 29% to €61m though net fell to €92m due to a lower revaluation result. Property (...)

Listed 21/03/2019

German TLG, under new mgt, boosts FFO 31% to €134m, proposes €0.91 div

Berlin TLG, under new management, reported that 2018 FFO rose 31% to €133.99m, and it anticipates €140m-€143m for this year. It is proposing a (...)

Listed 21/03/2019

German Patrizia 2018 net slips to €58m but operating result surges

Augsburg listed investment manager Patrizia reported a 1% slip consolidated net profit to €58.1m in 2018, hit by one-off items, but the operating result (...)