Business Immo, the real estate website

Office

Office 03/12/2019

"Real estate is a very important asset class for Oddo BHF "

Business Immo: Oddo BHF has just acquired the IKO building in Clichy-la-Garenne from LaSalle. Can you remind us of the details of this operation? Grégoire Charbit: IKO was delivered last December and includes approximately (...)

Office 03/12/2019

Gecina to sell Montrouge Park Azur complex to La Française for €185m

Gecina, one of France's largest REIT/SIICs, has signed a €185m agreement to sell the Park Azur building in the southern Paris suburb of Montrouge (...)

Office 03/12/2019

Spanish Zara founder Ortega said eyeing €703m buy of London's Post Building

In a new sign of confidence in the UK capital, Pontegadea, the investment vehicle of Spanish Zara founder Amancio Ortega is about to pay (...)

Office 29/11/2019

Tristan pays Germany's Commerz Real €370m for Dutch office package

UK-based real estate fund manager Tristan Capital Partners has paid German manager Commerz Real €370m for a Netherlands office portfolio. Purchased on behalf of the (...)

Office 28/11/2019

JLL establishes Strategy Board in Germany, paralleling EMEA Board

Commercial real estate adviser JLL has is establishing a Strategy Board in Germany which parallels the EMEA Board, successfully introduced in 2016 by EMEA (...)

Office 27/11/2019

France's Atland, NL pension mgr PGGM acquire Paris office building

Foncière Atland and the Dutch pension fund manager PGGM are acquring, via their OPPCI vehicle, an office building in Levallois-Perret northwest of Paris, from (...)

Office 27/11/2019

JLL names former aide to global CEO as COO Germany

International real estate adviser JLL has named Yama Mahasher, former aide to global CEO Christian Ulbrich - former head of Germany - as Chief (...)

Office 26/11/2019

Euro office take-up falls 4% as space shortage pushes new demand to fringe

European office take-up will reach 9.2m sqm by the end of 2019, down by a marginal 4%yy as a shortage of available space pushes (...)

Office 20/11/2019

"Right now we have masses of money targeted towards London"

Huge amounts of investment capital are targeting London city real estate, and the slowdown in development resulting from Brexit worries will worsen the shortage (...)

Office 19/11/2019

Aroundtown, TLG to form one of Europe's three biggest property firms, with €25bn AUM

Two of Europe's largest commercial property groups, Aroundtown and TLG, are to merge into the largest firm of its kind and one of the (...)

Office 13/11/2019

RFR, Signa jointly acquire Frankfurt, Rotterdam portfolio from Allianz

Two of Europe's most powerful private real estate groups, Austria's Signa and New York-based RFR are jointly acquiring a top-end office/retail portfolio from Allianz (...)

Office 12/11/2019

French Gecina, in asset rejig, adds Paris office for €306m, sells for €238m

In a further portfolio rejig, French REIT Gecina is buying the 34,000 sqm Carreau de Neuilly building in Paris for €306m and selling two (...)

Office 05/11/2019

Germany's Deka adds office/retail in Rotterdam Forum for €64m

Deka Immobilien, part of Germany's savings bank system, has acquired a core-renovated historical office and retail property in the heart of Rotterdam for €64m. Sold (...)

Office 04/11/2019

Hines pays over €160m for Berlin's Atrium Charlottenburg office for fund

US real estate group Hines, acting on behalf of the Hines European Value Fund, has acquired the Atrium Charlottenburg office building in Berlin, for (...)

Office 04/11/2019

Internet giant Google to add 41,000 sqm in Munich after Postpalast buy

US internet giant Google, massively expanding its Munich presence around data protection, has added the site of the Postpalast where it aims to develop office space. Around (...)

Office 04/11/2019

Listed CEE office investor Globalworth adds Poland office projects for €185m

Listed CEE office investor Globalworth has signed to purchase two office developments in Poland, in Warsaw and Krakow, for a maximum price of €185m. Chmielna 89 is a (...)

Office 30/10/2019

Euro 1H property investment down 16% as prices drag on volumes

Total European property investment dipped 16% in 1H19 to €111bn, 2% below the long-term average as prices become a drag on activities, says adviser (...)

Office 29/10/2019

Commerz Real, Wertgrund add Munich resi on way to €2bn Hausinvest goal

Germany's Commerz Real and Wertgrund have made their third housing purchase on the way to the targeted €2bn of resi out of the total €15bn in (...)

Office 25/10/2019

German prime office prices surge to 3.9%qq in third quarter

Prices of office properties in Germany's five largest cities surged by 3.9%qq in third quarter, nearly quadrupling the velocity of 2Q19, according to JLL's (...)

Office 25/10/2019

Paris-La Défense office complex ‘In Défense’ said sold to Swiss Life AM

Swiss Life AM is once again showing appetite for Europe's leading business district, Paris La Défense, with the In Défense building now sold by (...)