News

Finland’s Citycon profit jumps 29% to €109m

Attributable profit at Helsinki-listed retail group Citycon, part of US-Israeli Gazit Globe, surged 28.7% to €108.8m in 2015 but earnings per share dipped …

Swiss Mobimo posts record CHF105m profit

Lucerne-based listed Mobimo posted record 2015 profit of CHF105m (€96m), up from CHF63m (€57m) in 2014 due to an increase in rental income, positive revaluations and sales.

French Mercialys 2015 FFO growth beats target

French retail REIT/SIIC Mercialys’ funds from operations grew 5.8% last year, almost double its 3% target, and the firm is forecasting further growth ..

French Mercialys 2015 FFO growth beats target

French retail REIT/SIIC Mercialys’ funds from operations grew 5.8% last year, almost double its 3% target, and the firm is forecasting further growth ..

French Amundi said eyeing €400m Rotterdam asset

French property fund manager Amundi Immobilier is in talks to buy De Rotterdam mixed-use complex from Rabobank, PIE sources say. The asset could be worth..

Lafayette chooses architect for Champs-Elysées

French upper bracket store group Galeries Lafayette has appointed Danish



Interviews

Asian demand cooling in Europe – Savills IM’s Patel

Asian investor appetite for European property could cool in the face of high prices, global volatility and attractive opportunities at home, Savills Investment Management CIO Kiran Patel tells PIE in an exclusive interview.


European lending a borrowers’ market – CBRE’s Dixon

European real estate financing is now a borrowers’ market, with a supply of lenders diversified and exceeding demand, Clarence Dixon, CBRE’s Global Head of Loan Services, tells PIE in an exclusive interview.

Swedish Hemsö to expand German nursing homes to €450m

Swedish property company Hemsö, majority-held by the state, is planning





Opinion

The rush into internet shopping. And welcome back, Italy!

Just when you thought it was safe to talk about industrial-logistics real estate in normal tones as just another asset class along comes Goodman and tells us we are nowhere…. near the end, that is, of the insatiable needs from our rush into internet shopping, writes PIE Editorial Director Allan Saunderson in blog.

Greek Piraeus privatisation sparked by creditor demands – blog

Greece has finally picked Hong Kong shipping firm Cosco to buy its Piraeus port after demanding a better offer. The privatisation, a condition of Athens’ latest agreement with creditors, should transform the nation’s major port into an important logistics hub between Asia and Europe, writes PIE Managing Editor Julie Cruz in a blog.