The head of BNP Paribas Asset Management’s real estate debt investment has left the group. Philippe Deloffre has departed after three years at the French bank subsidiary where he was hired from Acofi to set up a new debt fundHe has been replaced by Christophe Montcerisier, who has been deputy...
Big box logistics operator delays 15% of Q2 rents
Tritax EuroBox has agreed to delay 15% of rent due in the second quarter of the year until next year and has paused new capital expenditure. The investor, which has a portfolio of 12 big box logistics assets let to 21 companies, revealed it has agreed the delays in an...
Reef wins planning consent for €170m London project
Developer Reef Group said that it has received planning permission from Westminster City Council for a £150 mln (€170 mln) scheme to transform its Cavendish Square site into a subterranean mixed-use destination. Westminster City Council has approved the plans via a virtual planning committee, thought to be its first major...
UK industrial yields resilient, as retail gap widens
All UK property sectors have reported increasing yields in the first quarter of the year, but the gap is widening between the more resilient industrial and office sectors and struggling retail, according to CBRE. While average rental value growth across UK prime commercial property was 0.1% for the quarter and...
Cordia raises its stake in Polnord above 90%
Hungarian developer Cordia, part of Futureal Group, has successfully raised its stake in Polish development company Polnord to 92.92% in a tender offer. Cordia initially purchased 26,595,374 shares in Polnord at PLN 3.55 (€0.78) per share in a tender offer announced in February. The company then increased its circa 65.66%...
MAGAZINE Power surge: Investors log on to digital infrastructure
Across Europe and mostly out of sight networks of data centres, cell towers and underground fibre-optic cable are moving and crunching vast and rising quantities of data, staving off – until now – the worst impact of a dramatic economic collapse which the coronavirus (Covid-19) pandemic is causing. Tough restrictions...
MAGAZINE Catella’s energy-positive residential towers get French green light
The green light has been given to construct the first two ‘energy-positive’ buildings of an ambitious €2 bn pan-European residential development programme by Catella Residential Investment Management which provides highly sustainable units for the affordable sector. What makes the project by the German investment manager stand out is that it...
Pamera founder: ‘We are taking advantage of opportunities’
Munich-based multi-family office Pamera Real Estate Partners says it is taking advantage of investment opportunities that materialise even during the coronavirus crisis. The boutique company, which has around €600 mln of assets, has completed a deal for an office property in Eschborn, near Frankfurt, for an undisclosed sum.The property, at...
Guest commentary: Logistics firms sharing trucks and trailers
Cushman & Wakefield’s lead international partner EMEA Logistics and Industrial, Rob Hall, shares his takes on the past few weeks. ‘Rarely has the importance of manufacturing and the supply chain been more acknowledged for its critical role, not only within the global economy but also in keeping households functioning with...
Weekly data sheet: Fundraising continues despite Covid-19 challenges
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