Business Immo, the real estate website

Listed

Listed 26/07/2018

French retailer Casino sells 15% of Mercialys unit for €213m

French supermarket chain Casino, under pressure to reduce debt, has raised €213m by selling 15% of listed unit Mercialys via an equity swap with (...)

Listed 26/07/2018

French mall REIT Klépierre boosts 1H net 7%, raises 2018 cash-flow guidance

French shopping centre REIT/SIIC Klépierre reported a near 7% rise in net income to €759.6m in first half. With net current cash-flow up 7.8 (...)

Listed 25/07/2018

Spain's Metrovacesa halves 1H loss to €8.27m, targets 4,000 home starts

Spanish listed housing developer Metrovacesa halved its net loss to €8.27m in the first six months, and said it expects to start up to (...)

Listed 24/07/2018

Spain's Testa issues IPO prospectus at €1.8bn market cap for €13.86 shr

Testa, the Spanish housing firm owned by creditor banks, REIT/SOCIMI Merlin Properties and Acciona Inmobiliaria, has issued its stock market prospectus targeting capitalisation of €1.83bn at a share price (...)

Listed 24/07/2018

Spain's Neinor reports first profit in 2Q at €2.5m net, says home devs on track

Spanish listed residential developer and owner Neinor Homes reported its first profit in the second quarter, at net €2.5m and EBITDA of €5.3m, and said progress (...)

Listed 23/07/2018

France’s Icade boosts 1H earnings, guidance, eyes euro healthcare REIT

French REIT/SIIC Icade increased EPRA earnings from property investment by 6.9% to €155.9m in first half 2018, raised guidance for cash-flow, and said it aims to (...)

Listed 23/07/2018

French REIT Tour Eiffel posts 1H net loss of €2.9m

French REIT/SIIC Société Tour Eiffel posted a first half net loss of €2.9m, turning round an €8m profit in 1H17, saying the first six (...)

Listed 23/07/2018

Blackstone €2bn bid for Spanish REIT Hispania succeeds at 74%

US investment management giant Blackstone has succeeded in its €2bn bid for Spanish REIT/SOCIMI Hispania, winning acceptances for 74.02% of equity, well over its (...)

Listed 20/07/2018

French REIT Altarea takes remaining 55% of historic building specialist

French REIT/SIIC Altarea Cogedim is acquiring the remaining 45% of historic buildings specialist Histoire & Patrimoine as it looks to strengthen its tailored offer to local communities (...)

Listed 20/07/2018

French Gecina 1H net up 51%yy at €230m, expects 8% shr rise for full year

Paris office REIT/SIIC Gecina now expects recurrent net income growth of over 8% per share for 2018 after it boosted the total by 51%yy (...)

Listed 20/07/2018

After 1H rebranding, €1.7bn acquisitions, Covivio still has strong ambitions - Kullmann

French REIT/SIIC Covivio has had an eventful 2018 thus far, assuming a new identity and making a major move into the British hotel sector. Long-time CEO (...)

Listed 18/07/2018

Germany's listed TLG replaces co-CEO duo with Overath, Klinck

Listed Berlin commercial real estate group TLG has suddenly dismissed its two chief executives Peter Finkbeiner and Niclas Karoff, and will replace them with (...)

Listed 16/07/2018

Sweden's Castellum boosts 1H NAV by 14%, but net slips slightly

One of the largest listed property firms in the Nordic region, Sweden's Castellum, reported a 14%yy rise in EPRA net asset value in the first (...)

Listed 02/07/2018

Austria's Immofinanz confirms sale of CA Immo shares, for €758m

Austrian listed Immofinanz confirmed it is selling its 26% stake in peer CA Immobilien to US-based Starwood Capital Partners, for €757.9m or €29.5 per shr. It will use proceeds (...)

Listed 28/06/2018

Belgian REIT Cofinimmo €155m rights issue 80% accepted

Belgian REIT Cofinimmo said its rights issue launched earlier this month to raise €155m in fresh capital has been accepted by 80.4% of qualifying shareholders. Rights (...)

Listed 25/06/2018

Austria's Immofinanz reported near sale of 26% stake in CA Immo

Austrian listed Immofinanz is on the point of selling its 26% stake in peer CA Immobilien to US private equity firm Starwood Capital Partners, according to Vienna stock (...)

Listed 22/06/2018

Spanish REIT Hispania’s board approves increased Blackstone takeover bid

Spain's hotels-focused REIT/SOCIMI Hispania said its board has approved the takeover bid made by US wealth giant Blackstone after the latter raised its offer to €18.25 per share (...)

Listed 18/06/2018

Finnish rental homes firm Kojamo says oversubscribed IPO values it at €2.1bn

Finnish rental housing firm Kojamo said its IPO has been oversubscribed at a final offering price of €8.50 per share, valuing the firm, which owns 36,000 (...)

Listed 15/06/2018

Vienna's Immofinanz announces reverse 10:1 stock split

Vienna-based listed real estate group Immofinanz has announced a 10:1 reverse stock split, a move formerly approved in the shareholder meeting and reducing outstanding shares to (...)

Listed 15/06/2018

German listed Consus in €300m capital raise to aid growth, acquisitions

Berlin's Consus Real Estate, floated in Frankfurt last year and expanding fast, is launching a capital increase of up to 39.9m shares to raise gross (...)