Spanish construction giant acquires stake in rival

Actividades de Construccion y Servicios SAÂ's (ACS) acquisition of a stake in its rival Grupo Dragados SA may lead to a merger between the two and is expected to step up consolidation within SpainÂ' ...

Cordea Savills acquires three assets for its European Retail Fund (EU)

The Cordea Savills European Retail Fund, which launched in late 2012, has acquired its first three assets in Paris, Glasgow and Berlin for ca. €50 million. “We are delighted to have acquired thre ...

Gecina acquires Mirabeau Tower in southern Paris with immediate net yield of over 7% (FR)

Gecina acquired the Mirabeau Tower from Aberdeen, acting on behalf of the German fund DEGI International, for a price of almost €186 million excluding duties. The building is 88% occupied, mainly l ...

BBVA carries out sale & leaseback of Paris HQ for €32 mln (FR/ES)

Multinational Spanish banking group BBVA has carried out a sale and leaseback of its 2,000 m² Paris headquarters, located at 29 Avenue de l'Opéra (Paris 1), as part of a strategy to optimise its pro ...

Savills suggests yield shifts indicate a return to pre euro economy (EU)

According to Savills European market in minutes, the destabilization in the European economy has resulted in a CBD office yield gap of up to 550 basis points when comparing strongest and weakest marke ...

C&W: Commercial property in France; €2.6 billion invested in the first quarter of 2013 (FR)

After a fairly active fourth quarter 2012, the €2.6 billion invested in France in the first quarter of 2013 represented a slight increase on Q1 2011 (€2.5 billion), but is still far behind the ave ...

pbb Deutsche Pfandbriefbank extends €199 million investment facility to Docks Lyonnais SA (DE/FR)

pbb Deutsche Pfandbriefbank has extended a secured facility of €199 million to Docks Lyonnais SA, the French subsidiary of a UBS advised fund. The proceeds will be used to refinance a 65,150 m² ...

Unofi Assurances acquires the Atria building in Paris from GDG Investissements (FR)

GDG Investissements sold the ATRIA property located at 30bis - 32, rue de Paradis in the 10th district of Paris to UNOFI Assurances, advised by B&C Asset Management. This new property completed ...

Global Switch appoints Managing Director in Paris (FR)

Global Switch, the leading owner and operator of wholesale, multi-tenanted, carrier-neutral data centers in Europe and Asia-Pacific, has announced a new senior appointment for its Paris data center. ...

CBRE: Hong Kong is still the world's most expensive retail market, followed by New York and London

Hong Kong continues to rank as the world’s most expensive global retail market, recording prime rents nearly 150% higher than New York and more than 400% higher than London and Paris, according to n ...

Nexity sells 35,000 m² office complex in Clichy-La-Garenne (Paris Region) (FR)

Nexity announced that it signed a VEFA contract (sale pending future state of completion) for an office complex totalling 35,000 m² of useable floor space in Clichy-La-Garenne, on the outskirts of Pa ...

Cushman & Wakefield to undertake management of Union Investments assets

Cushman & Wakefield has been selected by Union Investment to deal with the management of its assets. Under this new partnership, Cushman & Wakefield will manage the HQE office property, Kineti ...

AXA Real Estate delivers 30,000 m² Coface headquarters in Bois-Colombes, Paris (FR)

AXA Real Estate announces that it has completed construction of, and delivered, the 30,000 m² Citizen building in Paris. The development was acquired in 2010 and pre-let in its entirety to Coface, th ...

Tishman Speyer acquires office property in Paris (FR)

Tishman Speyer today announced it has completed the purchase of Tour Pacific, a 570,000 ft² (approx. 53,000 m²) office building in Paris, France. The property, located in the La Defénse business di ...

Union Investment sells office property in La Défense, Paris (FR)

After a holding period of 13 years, Union Investment has sold the Le Wilson office property, which comprises 14,767 m² of rental space. The sale generated proceeds of €67.2 million. The buyer is a ...

Eurocommercial sells Passy Plaza, Paris and completes purchase of Val Thoiry, Grand Geneve (EU)

Eurocommercial announced that it was in advanced discussions for the sale of the 8,115 m² Passy Plaza shopping center in Paris. Eurocommercial signed a contract on 4 June 2013 to sell Passy Plaza to ...

Europe’s biggest office complex up for sale in Paris (FR)

The Coeur Défense Towers in La Defense, the biggest office complex in Europe with 190,000 m² of leasable space has reportedly been put up for sale by Hold. According to French newspaper Le figaro ...

pbb and Helaba provide € 163 million credit facility to finance the acquisition of the Pacific Tower in La Defense (FR)

pbb Deutsche Pfandbriefbank and Helaba have jointly provided a € 163 million senior loan to Tishman Speyer. The credit facility will be used to finance the acquisition of the Pacific Tower in La Dé ...

Rockspring makes two acquisitions in the Paris region (FR)

Rockspring has completed two acquisitions in the Paris region, including 5-7-9 Rue Jacques Bingen, a prime 6200 m² Paris office, in a joint venture with Générale Continentale Investissements, and P ...

4, Place de L’Opera exits OFI REIM Fund and joins Generali Real Estate portfolio (FR)

OFI REIM, in a joint release with Generali Real Estate, announces the sale of 4, place de l’Opera to Generali Real Estate for an undisclosed figure. Consisting of 10,600 m² of mixed office and r ...

DTZ: small increase in office take-up and new supply, rents still under pressure (EU)

Aggregate office take-up across Europe reached 2.5 million m² in Q2 2013, up from 2.1 million m² recorded during the previous quarter according to DTZ’s latest analysis. The rolling annual take-up ...

Europa Capital buys Tour Vista in Paris (FR)

Europa Capital has completed the third acquisition for its latest pan-European investment fund, Europa Fund IV, acquiring the Tour Vista office high-rise, neighboring La Defense, from a fund managed b ...

Terreïs acquires a property located 6 Boulevard Malesherbes (paris 8) for € 12.7 million (FR)

6 Boulevard Malesherbes which is located in the 8th district was sold by Artinver to Terreïs for € 12.7 million. This mixed-use property of approximately 1,600 m² is let to retail tenants Olive ...

Union Investment acquires Issy Trois Moulins in Paris for UII Shopping Nr. 1 fund (FR)

Union Investment has concluded its first foreign investment for the new UII Shopping Nr. 1 retail property fund. Built in 1992 in the established service and office location of Issy-les-Moulineaux, th ...

Henderson: Paris' booming investment market defies economic gloom (FR)

France’s buoyant investment market contrasts with its struggling economy and the cool winds blowing through the office leasing markets. Growing apprehension regarding the economy has intensified inv ...

Generator acquires new properties in Paris and Rome and secures €150 mln additional investment (FR/IT)

Generator, the award-winning group of urban design hostels, has acquired two further sites in Paris and Rome as part of its on-going European rollout. The Paris site will be the brand’s largest to d ...

GRI Europe Summit 10-11 September 2013

Over the past 15 years, GRI Europe Summit has become the most senior reunion of the real estate leadership across Europe. On 10th & 11th September 2013, 400+ top real estate investors, developers ...

Primonial REIM acquires office building in Paris for €165 million (FR)

Primonial REIM has acquired an office building situated on Avenue d’Ivry in the 13th arrondisement in Paris from Emerige and AOG. This landmark building built in 1870 once belonged to ‘Panhard’ ...

Amundi Real Estate acquires the office building located at 122-126 Rue du Château des Rentiers in Paris (FR)

Amundi Real Estate, on behalf of the SCPI Edissimo et Rivoli Avenir Patrimoine, has acquired the property located at 122-126 Rue du Château des Rentiers in Paris (13th district) from Tishman Speyer. ...

AXA Real Estate starts construction of new unique office campus in Paris (FR)

AXA Real Estate announced that it has commenced construction of the first phase of a major new 86,000 m² office development in Paris. The project is being undertaken on behalf of Development Venture ...

The North Face opens its first flagship store in Paris (FR)

In line with its development strategy in France, The American brand, The North Face, has signed the opening of its first flagship store in Paris with an area of 262 m² to 115 Boulevard Saint Germain ...

KKR acquires the River Plaza office building in JV with Cleaveland (FR)

Kohlberg Kravis Roberts & Co. L.P. announced that entities advised by or affiliated with KKR, including KKR Financial Holdings LLC (NYSE:KFN), have acquired the River Plaza 27,000 m² office build ...

INTERNOS appointed by British Land to manage Pillar Retail Europark Fund (LU)

INTERNOS Global Investors Limited (INTERNOS), the owner-managed real estate fund management firm, has been appointed by British Land to provide fund advisory and asset management services to the Pilla ...

Henderson sells Parisis Park in Franconville to Cordea Savills (FR)

Henderson’s European Retail Property Fund – Herald, has sold Parisis Park in Franconville near Paris to Cordea Savills, for c. €40 million. Cordea Savills has purchased the asset for its Europea ...

Icade to construct 15,000 m² mixed-use building for AG2R La Mondiale in Paris (FR)

Icade has signed a real-estate development contract with the AG2R LA MONDIALE Group to construct a building containing 15,000 m² of offices and 990 m² of shops on plot T6C in the Paris Rive Gauche Z ...

Guerlain’s boutique on the Champs-Elysées reopens after major renovations (FR)

Guerlain’s iconic boutique at 68 Champs-Elysées has reopened after more than a year of work. Take a guided tour of a mythic address on the world’s most beautiful avenue… Since its founding i ...

ULI - Over 500 top real estate professionals to gather in Paris on 4-5 February for the ULI Annual Conference

, capital flows, Southern Europe, sustainability and healthy cities, etc. delivered by speakers of the highest calibre. Pippa Malmgren, President of Principalis Asset Management, and a former Speci ...

Lone Star agrees to buy Coeur Défense in Paris (FR)

Lone Star Funds have reportedly agreed to buy the Coeur Défense business complex in La Défense, the most expensive office complex in Paris. Hold, the current owners of the 190,000 m² complex, acq ...

Mixed-use Marengo building in Paris sold to CBRE Global Investors (FR)

The Marengo building in Paris, France, has been sold by a fund managed by Morgan Stanley Real Estate Investing, advised by international real estate advisor Savills in a co-exclusive mandate with Jone ...

Invesco Real Estate invests Asian capital into French office market (FR)

Invesco Real Estate (IRE) is pleased to announce the acquisition of Tour Prisma, a grade-A office tower in Paris La Défense, regarded as Europe’s premier business district. The 23,152 m² property ...

Allianz Real Estate acquires the office building Arc de Seine (Paris 13th) (FR)

Allianz Real Estate announces the acquisition of the Arc de Seine building, situated in the 13th arrondissement of Paris. The seller is Union Investment and the acquisition was completed on behalf of ...

Deka Realkredit Klassik acquires financing for office and commercial building in Paris (FR)

Deka Realkredit Klassik, a debt fund, has acquired a senior tranche of a commercial property loan from DekaBank. The tranche forms part of a financing, which DekaBank and Helaba have arranged for the ...

CBRE Global Investors acquires core office in Paris (FR)

A fund managed by CBRE Global Investors, the leading global investment management firm, has acquired 27 rue de Berri, Paris, in an off market deal. The vendor was Prepar Vie, a French insurance compan ...

Gecina signs preliminary agreement to buy “Le France” building in Paris for €133 mln (FR)

On April 3, 2014, Gecina signed a preliminary agreement to buy the "Le France" building, being sold by AG2R La Mondiale in connection with its divestment policy, for a price of €133 million includin ...

World Retail Expo - WRC

The World Retail Expo provides a dual platform of dedicated content and a showcase of the most pioneering technology, solutions and products to inspire and engage retailers as they define their future ...

Orion European Real Estate Fund IV buys Domus Shopping Center on the outskirts of Paris (FR)

Orion European Real Estate Fund IV sponsored by Orion Capital Managers LLP has bought the 62,874 m² Domus Shopping Center at Rosny-sous-Bois on the eastern outskirts of Paris, France, from KP Investm ...

Corio sold two French assets for € 26.5 million (NL/FR)

Corio sold two French assets for a total amount of € 26.5 million to two buyers. The disposals concern the office ‘Kupka C’ located in Paris La Défense (sold to ERAFP) and an industrial buildin ...

Sale of the Beaugrenelle shopping center finalized (FR)

SCI Beaugrenelle, the property investment company in which Gecina has a 75% stake alongside Foncière Euris, Rallye, Apsys and Paris Orléans, has completed on the Beaugrenelle shopping center's sale, ...

Schroder Property completes major acquisition in Paris for Zurich Investment Foundation (FR)

Schroder Property Investment Management has completed its first acquisition in France on behalf of Immobilien Europa Direkt, an investment group of Zurich Investment Foundation. Immobilien Europa Dire ...

Gazeley to develop a 18,000 m² logistics warehouse near Charles de Gaulle Airport, Paris (FR)

Site is situated 33 kilometers from central Paris and serves as a dedicated logistics hub supplying the northern part of the Paris conurbation. Gazeley, a leading global investor and developer of l ...