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European news

Finance 23/01/2019

Vienna’s Immofinanz places €500m benchmark bond, wins first-ever rating

Vienna’s listed Immofinanz has placed a €500m benchmark bond with investors and won a rating from S&P, making it the first-ever rated issue from a Austrian (...)

Finance 22/01/2019

Finland RE investment slips 9% in 2018 to €9.3bn but still 2nd highest

Real estate investment in Finland slipped 9% to €9.3bn last year but was still the second highest volume ever, according to Helsinki-based research group (...)

Listed 22/01/2019

Ouram requests TLG extraordinary meeting to change supervisory board

Ouram Holding, the senior minority shareholder in Berlin’s listed real estate firm TLG, has requested an extraordinary shareholder meeting to make major changes to (...)

Office 22/01/2019

Belgian Immobel enters Germany, acquiring Frankfurt's Eden resi project

Belgian listed property developer Immobel has entered the German market, acquiring the Eden project planned for Frankfurt by taking control of its current owner. Without providing financial (...)

Housing 22/01/2019

Brookfield acquires 1,200-bed Paris student housing from Harrison Street

Canadian alternative investment giant Brookfield has entered student housing in France, buying the 1,200-bed ECLA Paris complex at the University of Paris-Saclay from US specialist Harrison Street. Giving (...)

Finance 22/01/2019

Sweden 2018 RE investment up 4% to €15.6bn; more public property coming on line

Real estate investment in Sweden rose by 4% to SEK160bn (€15.6bn) last year, and prospects for 2019 are positive with more public property coming (...)

Office 22/01/2019

European 4Q18 office rents rise 1.5%qq, annual rate outperforms - JLL Office Clock

JLL's European Office Clock showed a 1.5% rise in 4Q18 from third quarter, with 13 of the 24 markets tracked showing growth. At 5.5%, (...)

Listed 22/01/2019

Germany's DIC Asset says posted 13% rise in 2018 FFO to €68m

Frankfurt listed DIC Asset achieved a 13% rise in funds from operations last year to €68m and boosted on-balance sheet assets by 10% to (...)

Housing 22/01/2019

Over 350 student housing projects with 105,000 beds in European pipeline, worth €15bn

Over 350 private student housing projects with 105,000 beds are in the pipeline in Europe over the next two years worth €15bn, says specialist (...)

Listed 21/01/2019

Swedish Castellum adds €160m office in Linköping, sells €323m in Sundsvall

Less than a month after buying an airport near Gothenburg, listed Swedish group Castellum is readjusting its portfolio again to add €160m of office (...)

Finance 21/01/2019

Germany's Commerz Real boosts 2018 deals over €5bn; Hausinvest reaches €14bn

Commerz Real, the real assets fund manager of Germany's Commerzbank, boosted transactions last year over €5bn and said its flagship Hausinvest fund grew to (...)

Retail 21/01/2019

French Casino signs €501m sale of supermarkets to US Fortress funds

French supermarket group Casino has signed an agreement with US opportunity funds firm Fortress to sell 26 hypermarkets and supermarkets across the nation for (...)

Housing 21/01/2019

Léon Bressler enters German housing via Aermont purchase of developer

Legendary real estate investor Léon Bressler, who founded French retail giant Unibail, has entered German housing, taking a control of a developer via his (...)

Office 21/01/2019

Bucharest's Globalworth expects Polish portfolio to exceed home assets

Bucharest-based Globalworth is likely to expand its Polish office portfolio quite soon over the asset value built over the last six years in its Romanian home (...)

Office 21/01/2019

European office rents to rise by 3.4% as jobs climb, stock stays low - Savills

European office rents should rise by 3.4% on average this year, fuelled by a continued climb in employment and a lack of prime stock (...)

Listed 18/01/2019

Portugal finally introduces REIT legislation, to be called SIGI

After years of delay, Portugal has announced introduction of REIT status in line with regimes around Europe – to be called a SIGI (Sociedades (...)

Logistics 18/01/2019

Hamburg’s Warburg-HIH Invest, Nord/LB set up €250m logistics fund

German state bank Nord/LB and Hamburg manager Warburg-HIH Invest, in a joint venture, are launching a €250m AIF logistics fund. The fund, called Warburg-HIH Deutschland (...)

Finance 18/01/2019

Vastned places a €50m 7-year bond loan

Dutch REIT/FBI Vastned has placed a €50m seven-year bond with Pricoa Capital Group, which will be used to refinance existing loans. “We have also been (...)

Office 18/01/2019

Spain's Merlin adds two new office buildings in Lisbon for €112m

Spanish REIT/SOCIMI Merlin Properties has paid €112.2m at a 5.4% yield to acquire the Art and TFM office buildings in Lisbon, expanding its footprint (...)

Finance 17/01/2019

Savills IM transacted €4.2bn in 2018 on back of record capital raising

The international real estate investment manager Savills Investment Management transacted €4.2bn in 2018, with €1.1bn of disposals and €3.1bn of acquisitions. The firm now (...)