Business Immo, the real estate website

Retail

Retail 24/04/2020

Hammerson says Orion does not intend to close £400m retail parks acquisition

UK retail REIT Hammerson was notified yesterday by Orion Capital Managers that the Paris-based real estate manager does not intend to complete its £400m (...)

Retail 23/04/2020

"Despite coronavirus, we can expect a certain dynamism in the real estate sector in 2020"

When EY carried out its study forecasting the major trends that could influence real estate investment in France this year, the French players (listed (...)

Retail 23/04/2020

French government appoints a mediator to conduct rent negotiations between landlords and retailers

France’s Minister of Economy and Finance Bruno Le Maire has appointed Jeanne-Marie Prost to lead the mediation on rents between landlords and retailers. “I have (...)

Retail 21/04/2020

Commercial rents: the CPME advocates for a fund supported by insurers and e-commerce

Following the Covid-19 pandemic measures taken by the French government, the Confederation of Small and Medium Enterprises (CPME) has suggested creating a fund to (...)

Retail 21/04/2020

Hotels & Restaurants: the sector is calling for partial coverage of operating losses

The French hotel and catering sector is hoping for strong measures, such as exemption from the payment of local taxes and duties in 2020, (...)

Retail 21/04/2020

Mercialys shows a 3% increase in rents in the first quarter 2020

French retail REIT/SIIC Mercialys has announced a slight increase in rents in Q1 2020. With an organic growth rate of +3.1%, including a +1.9% effect (...)

Retail 21/04/2020

Patrimoine & Commerce shows a slight increase in quarterly revenues

The French real estate company specialised in retail parks, Patrimoine & Commerce, has recorded a 2.7% increase in rents over Q1 2020 at €11.9M, with a (...)

Retail 20/04/2020

Retail: federations call for a "collective solution" after judging as insufficient landlords' measures

French federations representing landlords recently called on their members to cancel three months' rent for their tenants, with very small entreprises (VSE), belonging to (...)

Retail 17/04/2020

French government urges landlords to cancel 3 months' rent for closed small shops

The French government is asking large property owners to suspend for three months the collection of rents owed the rents owed by very small (...)

Retail 17/04/2020

"Frey is setting up a €15m support fund to help its retailers"

Paris-based REIT/SIIC Frey announced the creation of a €15m Merchant Support Fund. CEO Antoine Frey spoke with Business Immo about the impact of the (...)

Retail 16/04/2020

France's Amundi Immobilier acquires a first asset in Poland

French real estate investment manager Amundi Immobilier has completed, on behalf of the funds it manages, its first transaction in Poland by acquiring the Nowogrodzka Square (...)

Retail 16/04/2020

Ceetrus France cancels rents in its shopping centres from 15 March to 15 May 2020

Given the difficulties experienced by retailers faced with prolonged confinement, French REIT/SIIC Ceetrus France, the listed property manager of the French Auchan supermarket group, has decided to (...)

Retail 16/04/2020

Covid-19 pandemic to end Germany’s ten-year CRE investment upswing - Savills

With a transaction volume of €26.7bn, the German real estate investment market had its strongest opening quarter of all time in 1Q20, according to (...)

Retail 15/04/2020

"Major landlords also have to make an effort," says Bruno Le Maire.

Major owners need to do more to help businesses get through the crisis. It  is the new government's line, at a time when shopkeepers (...)

Retail 14/04/2020

"Rent postponement is an illusory solution"

Business Immo: Procos has signed, along with ten other trade and restoration federations, a press release condemning the CNCC recommendations in terms of rental relations between landlords (...)

Retail 14/04/2020

French retail federations denounce CNCC's "solidarity" measures

In a joint press release, the eleven major trade and restaurant federations denounce the recommendations on relations between landlords and tenants during the Covid-19 (...)

Retail 14/04/2020

France: shops in some train stations are exempt of rent until April 30

The French National Railway Company, SNCF, and two partner property companies have announced they will exempt of paying rent —from 16 March to 30 (...)

Retail 10/04/2020

Nearly 9,000 tenants are benefiting from rent suspension measures in France - FSIF

To date, the members of the Fédération des sociétés immobilières et foncières (FSIF) – France’s Federation of Real Estate and Property Companies – have applied rent suspension measures (...)

Retail 10/04/2020

“In the current capital-constrained environment, having a significant amount of dry powder positions Blackbrook Capital quite well”

The onset of a global pandemic might seem like a bad time to launch an investment real estate investment firm. Yet, with €1bn of (...)

Retail 08/04/2020

French REIT/SIICs URW and Klépierre reduce senior management compensation

French REIT/SIICs Unibail-Rodamco-Westfield (URW) and Klépierre both announced measures to reduce senior management compensations during the Covid-19 epidemic. “As a sign of solidarity with all (...)