Business Immo, the real estate website

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Office 08/03/2018

"We are coming to France to develop and operate a new generation of buildings"

Business Immo : What does OVG Real Estate represent and what is its track record? Coen van Oostrom : Launched in 1997, OVG Real Estate is the No. (...)

Office 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 (...)

Office 07/03/2018

Deal speed, returns helped win China's CITIC unit CLSA - Avignon's Flaton

Speed of execution, ability to close core-plus and value-added deals, good returns were the keys for Avignon Capital to win China's CITIC Securities unit CLSA as a client for its (...)

Office 07/03/2018

BNP Paribas REIM adds €3.3bn in 2017 to reach €27.4bn in managed assets

Paris-based BNP Paribas Real Estate Investment Management added €3.3bn in assets in 2017 to reach €27.4bn in AUM, split between €1.7bn in cash inflows to its (...)

Office 07/03/2018

China's CITIC unit CLSA enters European RE with London's Avignon Capital

CLSA, the Hong Kong-based international platform of China's largest investment bank CITIC Securities, is entering European property in a partnership with London investment management boutique Avignon (...)

Office 05/03/2018

ActivumSG turns cautious on direct property investments in Germany

One of the most successful turnround specialists in German real estate, ActivumSG, has sold its last owned office asset and is moving out of direct (...)

Office 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 (...)

Office 02/03/2018

Marian Herman takes over as CEO at Slovakia-based HB Reavis

Slovakia-based, European developer and investor HB Reavis has appointed Marian Herman as new chief executive in a planned succession to Pavel Trenka who completes an agreed term of (...)

Office 02/03/2018

One of Frankfurt's 'eyesores' finally bought for redevelopment - in 2022

One of Frankfurt's property 'eyesores' has finally been bought for redevelopment - the old police presidium, well known by thousands of trade fair visitors (...)

Office 02/03/2018

Finnish property returns rise to 6.6%; hotels top asset types - KTI

Finnish property investments delivered a total return of 6.6% in 2017, up from 6.2% in 2016, though income return continued to fall, says the KTI research (...)

Office 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 (...)

Office 02/03/2018

German alstria's 2017 net surges 68% as CEO Elamine sees new workspace opportunity

Germany's alstria Office REIT reported a 3.3% fall in 2017 FFO but said strong operations and portfolio valuation gains boosted consolidated net by 67.9% to €297m. (...)

Office 28/02/2018

Norway's Pension Fund ends 2017 with 3.4% of €881bn AUM property exposure

Norway's Government Pension Fund Global held 2.6% of its €881bn assets in unlisted real estate at end-2017 which produced a return of 7.5% - (...)

Office 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 (...)

Office 26/02/2018

Lar Espana retail REIT boosts 2017 net by 48%, proposes div at 5% yld

Madrid retail-focused REIT/SOCIMI Lar Espana Real Estate boosted 2017 net profit by 48% to €135.6m, with rental income driving the surge, up 29%yy. It will propose (...)

Office 26/02/2018

Spanish office REIT Colonial 2017 net jumps 149%, recurring up 14%

Spanish office REIT/SOCIMI Colonial, which owns a majority in France's SFL, said attributable net profit last year, prior to its takeover of Madrid peer Axiare, jumped 149% (...)

Office 26/02/2018

Allianz RE in €190m forward buy of Munich Atlas office renovation

Allianz Real Estate, a unit of the giant Munich insurer, has made a €190m forward purchase of the 26,000 sqm Atlas office building renovation (...)

Office 23/02/2018

Italy's Coima Res more than doubles FFO to €17m, to focus more on Milan

Milan-based REIT/SIIQ Coima Res more than doubled 2017 recurring FFO to €16.8m from €6.2m in 2016 on gross assets worth €619.7m, up from €526m. It will (...)

Office 22/02/2018

French Gecina raises 2017 net by 4.6%, NAV by 19%; says Michel is stepping down

French office REIT/SIIC Gecina raised net income by 4.6% in 2017, adding nearly 19% to net asset value to take it to €152.9 per (...)

Office 19/02/2018

Azerbaijan sovereign Oil Fund aims to double €2bn real estate assets

The State Oil Fund of the Republic of Azerbaijan, the Caspian Sea nation's sovereign investment fund, intends to nearly double its real estate holdings (...)