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Listed 14/06/2018

Globalworth Poland raises €450m in equity from parent, S.African Growthpoint

The Polish affiliate of AIM-listed eastern Europe real estate group Globalworth has raised €450m in fresh equity via a private placement with its parent, and senior (...)

Listed 14/06/2018

US Apollo, Wecken conversion of German DEMIRE bonds raises bid prospects

US investment firm Apollo and the Wecken Group, the two major shareholders in Germany's DEMIRE Deutsche Mittelstand Real Estate, have converted a €10m bond into equity which (...)

Listed 13/06/2018

Blackstone's Hispania approval moves Spanish tax income offshore - El Confidencial

The Spanish financial regulator CNMV has approved the takeover bid by Blackstone for hotels REIT Hispania. If successful, the firm will be taken private and all profits will move (...)

Listed 08/06/2018

Hungary beats Portugal, Poland to introduce new, attractive REIT status

Hungary has become the latest European nation to introduce a REIT status that should attract property firms after adjusting laws first introduced in 2011. (...)

Listed 08/06/2018

Renamed Unibail-Rodamco-Westfield starts with €13bn project pipeline

Giant French-Dutch shopping centre REIT Unibail Rodamco is to be renamed Unibail-Rodamco-Westfield following closure of its acquisition of the Australian group, and said it moves into (...)

Listed 08/06/2018

Aroundtown appoints Cromme to board after 54%yy 1Q FFO surge

Fast-growing listed CRE group Aroundtown has appointed one of Germany's most high-profile managers to its advisory board just days after releasing first quarter figures showing a (...)

Listed 07/06/2018

US Starwood wins few takers for Austrian CA Immo, Immofinanz offers

US private equity firm Starwood Capital, which Wednesday announced 24.4% acceptances in a Swedish housing group bid, has by contrast won only a fraction of (...)

Listed 06/06/2018

US Starwood wins 24% acceptances in bid for Swedish Victoria Park

US private equity firm Starwood Capital has announced acceptances of 24.4% in its takeover bid for Swedish listed housing firm Victoria Park, and will go ahead and (...)

Listed 04/06/2018

AccorHotels confirms it is eyeing France's 14.3% stake in Air France-KLM

Paris-based AccorHotels, which last week sold 57.8% of its AccorInvest unit for €4.6bn, confirmed a Les Echos newspaper report that is considering acquiring the French state's 14.3% (...)

Listed 01/06/2018

Dutch Kempen Capital aims at alternative real estate opportunities

Business Immo : What is the weight of alternative classes in your real estate holdings? Matthijs Storm : Kempen holds around €2.5bn in real estate assets worldwide. The portion (...)

Listed 01/06/2018

Poland mall specialist Echo Polska changes name to EPP

Polish listed shopping centre specialist Echo Polska Properties, following approval by its shareholders, is to shorten its name to EPP, emphasising that it is now (...)

Listed 31/05/2018

France’s listed Frey in €202m capital raise to fund projects, add investors

French listed retail park group Frey has announced a €201.9m capital increase to help fund 412,000 sqm in 14 new projects, and acquisitions. The move also (...)

Listed 29/05/2018

French Foncière des Régions renames as Covivio to reflect European reach

One of France's largest REIT/SIICs, Foncière des Régions managing €21bn in office, residential and hotel property, is changing its name to Covivio to reflect its truly (...)

Listed 18/05/2018

German Patrizia shares surge after 1Q income rises fourfold

Shares in German listed real estate group Patrizia surged by over 11% on Thursday following news that its first quarter operating income quadrupled to nearly €43m (...)

Listed 16/05/2018

Spain's Colonial to grow rental income to €500m with Axiare - CEO

Spanish REIT/SOCIMI Colonial should be able to boost annual rental income by €200m to €500m after the inclusion of newly acquired peer Axiare, plus a number of (...)

Listed 16/05/2018

Listed Aroundtown makes €720m sales ytd at 12% above book

Fast-growing European quoted commercial property group Aroundtown, which also controls listed German housing firm Grand City Properties, has sold over €720m in non-core assets year to (...)

Listed 16/05/2018

New technologies will optimise, disrupt, transform real estate - EPRA

Emerging technologies such as Virtual Reality, Artificial Intelligence and Blockchain will optimise efficiencies in real estate, transforming business models, but will also disrupt those (...)

Listed 14/05/2018

Savills IM launches global REITs fund, targeting €100m with 5% returns

Savills Investment Management has launched a global REITs fund which, MD Thomas Körgen told BIE, targets a 5% annual return and €100m initial size using (...)

Listed 11/05/2018

Spain's manager Azora postpones IPO after Blackstone Hispania bid

Spanish real estate manager Azora Altus, which created and manages the REIT/SOCIMI Hispania, is postponing its own IPO in light of uncertainty created by Blackstone's (...)

Listed 08/05/2018

French REIT Carmila boosts Spain presence with €182m mall purchase

French listed mall group Carmila, an affiliate of giant hypermarket chain Carrefour, has significantly boosted exposure to Spanish retail by buying six shopping centres (...)