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European news

Finance 06/02/2019

Europe near recession but already close to bottom, with China as key - ULI conference

Europe is on the brink of recession, but the good news is that it may already be close to the bottom, and the key (...)

Finance 06/02/2019

Euro RE unlikely to face sharp downturn but other challenges - ULI conference

The European property industry is unlikely to suffer a sharp downturn despite the late cycle but faces other challenges such as digitisation, and environmental, (...)

Territories 05/02/2019

"Converting old French industrial plant sites for housing"

French developers Brownfields and Vinci Immobilier have acquired from energy group Engie a portfolio of 50 industrial sites, mostly old gas plants, totaling more (...)

Logistics 05/02/2019

Euro logistics specialist Tritax EuroBox aims for London's big board

Tritax EuroBox, a UK-based REIT launched last July to focus on pan-European logistics, is to apply to move to the London Stock Exchange big (...)

Finance 05/02/2019

Bouwinvest Dutch funds add €364m in new commitments in 2H18

Dutch fund manager Bouwinvest took €364m new capital into its Dutch residential, office and retail real estate funds in 2018’s second half, taking it closer (...)

Hospitality 05/02/2019

Patron Capital, Marriot apply to acquire Sheraton Warsaw hotel

London private equity firm Patron Capital has applied to acquire, together with the Marriot hotel group, the 5-Star Sheraton Warsaw, which last changed hands (...)

Finance 05/02/2019

Hamburg's Warburg-HIH grows AUM 22% to €8bn in 2018

Hamburg's AIF manager Warburg-HIH Invest Real Estate grew managed assets last year by 22.3% to €8.2bn, and said it managed 56 funds at year (...)

Office 05/02/2019

Corestate adds €66m Munich office asset for club deal clients

Germany-focused listed Corestate Capital has paid about €66m to acquire an office building in Munich, and will reposition it using a manage-to-core strategy in (...)

Logistics 05/02/2019

KKR, Round Hill said bidding €170m for Spain's El Corte Inglés logistics

US investment funds KKR and Round Hill Capital are reported to be leading the bid, at up to €170m, for a 500,000 sqm logistics (...)

Finance 05/02/2019

First privatised landesbank, HSH rebrands as Hamburg Commercial Bank

The first German landesbank to be privatised in a takeover, HSH Nordbank is rebranding as Hamburg Commercial Bank, aiming to focus on real estate project finance, (...)

Finance 04/02/2019

European 2018 real estate investment down 15% to €278bn but still near peak - RCA

Geopolitical concerns weighed on European real estate investment in 2018, with transactions down 15% from a strong 2017 to €277.7bn, albeit still close to (...)

Health / Senior 04/02/2019

French senior care firm Korian, after raising €450m, acquires Spanish group

Paris-based senior care specialist Korian, after in December raising a €450m German Schuldschein financing, has entered Spain with the acquisition of Malaga firm Seniors. The group acquired the Spanish (...)

Housing 04/02/2019

Invesco takes Euro resi to €270m with forward buy in Amsterdam

Global investment manager Invesco has taken residential holdings in Europe to €270m with a forward purchase of two multi-family buildings in Amsterdam suburb Holland (...)

Finance 04/02/2019

Stuttgart's LBBW underwrites €1.1bn for Brookfield at Berlin's Potsdamer Platz

Stuttgart-based landesbank LBBW is to solely underwrite a €1.1bn financing for US-Canada giant Brookfield's redevelopment of the Potsdamer Platz, Berlin's premier business centre. Acting as agent, arranger and (...)

Listed 04/02/2019

Germany's Vonovia raises €698m with sale of Deutsche Wohnen stake

Bochum-based housing giant Vonovia has raised €698.1m with the sale of its stake in German listed peer Deutsche Wohnen via an accelerated bookbuilding offer to institutions. Made (...)

Housing 04/02/2019

Hungary's Futureal wins €51m financing for Budapest resi projects

Hungary's Futureal Group has won HUF16.3bn (€51.4m) in loans for its residential developer Cordia from the domestic OTP Bank and Takarékbank to finance five Budapest projects.  The credit (...)

Office 01/02/2019

Zurich Insurance adds €163m Madrid office from Blackstone/Hispania

Swiss insurer Zurich, in one of its first visible deals in Spain, has paid €163.5m for five office assets in Madrid, part of the (...)

Logistics 01/02/2019

Allianz, CBRE GIP acquire €390m Nordic logistics portfolio

Allianz Real Estate and CBRE GIP have jointly acquired a Nordic logistics portfolio of eight properties in Sweden and Denmark valued at over SEK4bn (...)

Housing 01/02/2019

Spain's resi developers to reach 'cruising speed', starting 34,000 homes

Around 20 housing developers in Spain, some newly established, will reach 'cruising speed' this year, handing over almost 16,000 homes and starting another 34,000. A (...)

Office 01/02/2019

Spain's Lar sells Madrid office for €37m, doubling value in 4yrs

Spanish REIT/SOCIMI Lar Espana has sold an office building in Madrid to global fund manager Invesco for €37m, nearly doubling the asset's value in (...)