Business Immo, the real estate website

Listed

Listed 12/03/2018

AIM's Romania-based Globalworth more than doubles 2017 net after Griffin buy

Globalworth, the Romania-based listed office group, more than doubled net attributable profit to €23.7m in 2017, the year in which it also entered Poland (...)

Listed 08/03/2018

Father of Spain's REIT regime to speak at EPRA/Iberian Property event

Miguel Ferre, one of the fathers of Spain's REIT regime, is to take part, alongside four of his most successful 'progeny', Merlin Properties, Hispania, Colonial and Lar España, at (...)

Listed 08/03/2018

French Altarea 2017 FFO climbs one-third to €256m; outlook never so good

French listed group Altarea Cogedim ended 2017 well ahead of plan, with recurring FFO one-third higher at €256.3m and diluted net asset value up 9% to (...)

Listed 06/03/2018

German housing giant Vonovia boosts 2017 FFO by 21% to €921m

Vonovia, Germany's largest housing company, boosted FFO1 by 21% to €920.8m in 2017 due to organic, internal growth but also the integration of Vienna-based (...)

Listed 05/03/2018

Blockchain: talk of the town in Cannes at MIPIM 2018 ?

The imminent arrival of blockchain to the real estate industry will 'disrupt' in the full sense, shortening deal times to, perhaps, 24 hours from (...)

Listed 02/03/2018

Spanish REIT Merlin boosts net by 89% to €1.1bn, proposes added 2017 dividend

Spain's largest REIT/SOCIMI Merlin Properties reported a 89% surge in 2017 net profit to €1.1bn, with FFO up 31% at €289m, though per share FFO rose (...)

Listed 01/03/2018

French REIT Affine boosts 2017 net by two-thirds, proposes €1 shr div

French commercial property REIT/SIIC Affine, which balances its portfolio between Paris and major cities, said 2017 net profit group share rose by two-thirds to €9.1m. EPRA earnings (...)

Listed 01/03/2018

Vienna's CA Immo boosts 2017 FFO by 16%, EPRA NAV 12% to €29.90 shr

Vienna's listed CA Immobilien, one of three Austrian firms presently in focus for possible creation of an 'Austria Champion', reported a 16%yy surge FFO to (...)

Listed 01/03/2018

Austrian CRE 'champion' still possible after S Immo ups Immofinanz stake to 12%

An 'Austrian champion' in listed commercial property may still be on the cards despite Immofinanz on Wednesday hinting it will drop plans to merge with CA Immo. (...)

Listed 28/02/2018

Austrian Immofinanz: CA Immo merger may not happen, may sell shares

The merger of Austrian listed groups Immofinanz and CA Immobilien, in planning for around two years, may not happen, Immofinanz has announced. Talks will remain suspended and (...)

Listed 27/02/2018

Canada’s Ivanhoé Cambridge cuts stake in French Gecina to 15.4%

Ivanhoé Cambridge, the real estate investment arm of Quebec-based pension fund manager CDPQ, has trimmed its holding in French office REIT/SIIC Gecina by 4.28% via a (...)

Listed 29/01/2018

German TLG in spotlight as major shareholders assess new 23% investor

German listed TLG, managing €2.4bn in commercial real estate, is in the spotlight this week after investor Amir Dayan said he potentially controls 23% of (...)

Listed 19/01/2018

Eyeing European REITs, US Seeking Alpha adviser picks Gecina, Paris office as winners

Never before have I seen a private US stock-picking adviser venture into listed European real estate, but US retail investors are looking around the (...)

Listed 17/01/2018

German residential developer Instone to favour IPO in first half - BIE sources

German residential property developer Instone, formed last year by the Jersey-based ActivumSG from two subsidiaries, is likely to favour a stock market flotation this (...)

Listed 20/12/2017

Six European office REITs form sustainability and innovation thinktank

Even if real estate is local, clients' technical and environmental needs are the same across Europe, says Meka Brunel, CEO of French SIIC Gecina and one of (...)

Listed 05/12/2017

Post-IPO, Singapore's Cromwell European REIT eyes Italy, eschews Poland

With the Australian Cromwell Property Group as its 35.8% sponsor, Cromwell European REIT raised €866m in a second try at a Singapore float last (...)

Listed 18/10/2017

Material news from the European listed universe: Unibail, Hypoport, Colonial

Ahead of third quarter results, which will be upon us starting this week, here are some selected actions and calls that are material to (...)

Listed 01/10/2017

ETF universe to shift as FTSE Russell creates property class

Index provider FTSE Russell is to follow S&P and MSCI in giving real estate its own industry classification, moving it out of Financials after it found correlation divergence. The move (...)

Listed 01/10/2017

Portugal to lead Poland, Sweden into Euro REITs club?

It looks as if Portugal will become the next member of the European REITs club as political confusion reigns in Poland, and Sweden shows (...)

Listed 01/10/2017

FTSE re-designation culminates long Warsaw SE path out of Communist HQ

I know you won’t believe I’m old enough, but indeed I visited the Warsaw Stock Exchange at its very beginnings post-Communism, in January 1990, (...)