News

Bank lending for hotels may be close to tipping point – HVS survey

There is a healthy appetite for European hotel lending at historically low interest rates in most regions but western Europe


Spain’s Axiare Patrimonio buys Madrid office for €53m

Spanish SOCIMI Axiare Patrimonio has bought an office building in the heart of Madrid’s central business district for €53.4m, taking

Swedish firms Castellum, Klövern swap €103m of CRE assets

Swedish-listed property firms Castellum and Klövern have swapped several commercial assets. Castellum acquired 14 properties in Borås, between Gothenburg and



Danish pension funds plan over €8bn acquisitions at home by 2020

Denmark’s ten largest pension funds plan to buy properties worth DKK60bn (€8.07bn) in their home market over the next three


French Gecina sees 5%-7% CAGR in medium term

French REIT/SIIC Gecina said average recurrent net income (CAGR) is expected to reach 5%-7% between 2018 and 2021, helped by


French medical board buys new HQ in Paris for €55m

French medical board Conseil National de l’Ordre des Médecins has bought an office in Paris for €54.5m from German investment


Morgan Stanley said moving 300 UK jobs to Frankfurt or Dublin

Morgan Stanley plans to initially relocate around 300 UK jobs to Frankfurt or Dublin in order to establish a hub


Investor satisfaction with real estate still high – Preqin

Almost all (93%) of 150 institutional investors surveyed at the end of 2016 felt that their real estate portfolios had


French hotels bounce back with 9.2% y/y rise in occupancy – STR

France’s January hotel performance bounced back from the security concerns of a year ago with occupancy up 9.2% to 55.8%,


Thailand’s U City buys CEE hotel portfolio for €200m+

Thai-listed property investor and developer U City has bought a portfolio of eight hotels across central and eastern Europe from


French FdR secures €202m German housing portfolio

French REIT/SIIC Foncière des Régions has secured a €202m portfolio of German residential assets as it continues to expand in


pbb grants €50m for Ardian’s Munich office acquisition

German-listed property financier pbb Deutsche Pfandbriefbank granted €50m in financing for the first purchase of French investment firm Ardian’s property


M&G wins $500m UK property mandate from European investor

M&G Real Estate, the real estate arm of the UK’s Prudential insurance group, has won a $500m (€470m) mandate to




Germany’s Aareal Bank shares tumble 4.3% after FY results

German real estate bank Aareal’s net interest income declined in 2016 after the firm cut non-core credit portfolios and the


French Inea sets €1bn portfolio target

French REIT/SIIC Foncière Inea is aiming to grow its portfolio to €1bn over the next five years, after reaching its


TH Real Estate buys 50% stake in Nordics most visited mall

TH Real Estate has agreed to buy Barings Real Estate Advisers’ 50% stake in Helsinki’s Kamppi Centre, valuing the city


German publity wins €831m NPL mandate

German-listed asset manager publity has won a mandate from an international investor to wind up an €831m NPL portfolio. The


French Altarea FFO grows 19% as property development revenues surge

French shopping centre REIT/SIIC and developer Altarea Cogedim said funds from operations rose by 19% in 2016, helped by a