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European news

Finance 22/11/2017

Spanish Colonial’s bid for Axiare thrown into confusion as BoA, funds raise stakes

Spanish REIT Colonial’s takeover bid for peer Axiare has taken a confusing turn after Bank of America declared a 6.7% stake in the target, Boston fund Wellington (...)

Office 22/11/2017

C&W study of office rents near Paris RER stations points to Grand Paris opportunities

A study of rental values in office buildings close to stations on Paris’s RER light rail sytem shows opportunities for investors and users, plus (...)

Office 19/11/2017

Vienna’s Millennium Tower said acquired above 3.7% by Cologne’s Art-Invest

Cologne-based Art-Invest Real Estate said it will seek more assets in Austria after its first purchase there of Vienna’s Millennium Tower on the banks of the (...)

Housing 19/11/2017

German resi permits fall 7% to 257,000 but 600,000 said waiting to be used

German residential building permits fell by 7.0%yy over the first nine months of 2017 to 256,800, though apartments bucked the trend, according to Federal (...)

Finance 17/11/2017

Alternative investments offer yield pickups, growing demand, INREV conference hears

Steady price rises across standard real estate types and yield pickups are prompting more investors to examine alternatives, the INREV Autumn Conference heard. Bus depots, industrial (...)

Retail 17/11/2017

LBBW, pbb, ING provide 57% senior financing for Berlin Sony Center’s new buyers

There never was any doubt that Berlin Sony Center’s new buyers, Canada’s Oxford Properties and New York’s Madison, would find senior financing – and now Germany’s pbb (...)

Housing 16/11/2017

Population ageing means lower RE returns, falling house prices – INREV conf

The fast rise of the elderly as a component of developed world populations implies a low-return world and real estate returns at 5-6% over (...)

Finance 16/11/2017

Party still ahead for western economies; RE price rises should continue – INREV conf

Western economies are in good shape, and caution since the global financial crisis should give way to normalisation and a top-of-cycle ‘party’ soon, Berenberg Bank Chief (...)

Housing 15/11/2017

Swedish house price slide raises concerns bubble may be bursting

Swedish house prices fell in October for the second month, down 3.0%mm after -1.5% in September and the fastest since the financial crisis, a (...)

Housing 15/11/2017

Swedish house price slide raises concerns bubble may be bursting

Swedish house prices fell in October for the second month, down 3.0%mm after -1.5% in September and the fastest since the financial crisis, a (...)

Finance 14/11/2017

Spanish REIT Colonial in €1.2bn takeover bid for Madrid peer Axiare

Spanish REIT Colonial has boosted its stake in peer Axiare to 29% and is launching a full bid at €18.50 per share, pricing it (...)

Finance 13/11/2017

Germany’s Patrizia takes AUM over €30bn with purchase of Triuva fund manager

German listed Patrizia has acquired investment manager Triuva, the former real estate institutional fund arm of IVG, boosting total managed assets by some €9bn to over (...)

Retail 13/11/2017

Austria’s Immofinanz sells Moscow malls ready for CA merger, writes down €169m

Austrian listed Immofinanz said it has sold all five Moscow malls for €901m to the Petersburg-based Fort Group, taking a €169m writedown. The long-awaited sale clears (...)

Housing 09/11/2017

Benefits argue for creation of large listed housing firms in France – IEIF

The benefits of listed housing firms demonstrated in Germany, Sweden and the US argue in favour of the emergence of a parallel sector in (...)

Retail 09/11/2017

European real estate investor demand seen stronger in 2018 but caution on UK

Despite strong price rises in European commercial real estate this year, investor demand is expected to be still stronger in 2018, according to a (...)

Finance 06/11/2017

European public real estate outperforms, with 8% ytd in October

Global listed real estate returned 1% during October, lower than industrial equities at 2.7% but beating the world’s bond market performance of just 0.3%, (...)

Housing 06/11/2017

German coalition to keep rental cap but release housing land, boost tax incentives

German government coalition talks between Chancellor Angela Merkel’s Union parties, the liberal FDP and the Greens have agreed to keep the residential rental cap (...)

Retail 03/11/2017

Kaufhof/Karstadt would be major test of Signa’s entrepreneurial ability

Austria’s private Signa group is well on its way to wiping out memories of the past troubles of its youthful founder René Benko. If (...)

Finance 03/11/2017

Ruggieris’ Spanish tourism REIT Elaia listed with €119m market cap

Elaia, the Spanish REIT/SOCIMI launched by the France-based Ruggieri family to target the Spanish resort sector, listed Thursday on Elaia Investment Spain (MAB) with (...)

Office 02/11/2017

Spain’s Hispania postpones €500m office disposal to Swiss Life

Spanish REIT/SOCIMI Hispania has postponed the disposal of its remaining office assets to the first quarter 2018 due to uncertainty over Catalonia. Reports suggest (...)