The Raleigh, one of Miami Beach’s most famous hotels, was sold by New York’s Michael Shvo after the developer spent years and millions of dollars attempting to restore the art deco icon.
Covivio has announced its financial results for the 3rd quarter. In this context, the group headed by Christophe Kullmann confirmed its 2025 outlook: recurring net income (adjusted EPRA Earnings) of around €515 million, representing an increase of around +8% on 2024 and +4% per share.
The theme of the 6th edition of BIG UP, held on October 14 at Comet Bourse (Paris2e), was: "Et si opérer ses actifs devenait incontournable". Over the course of an entire morning, speakers discussed the issue of operated real estate, a sector where value is measured not just in square meters, but in impact, flexibility and recurring income.
Eternam intends to double its assets under management and reach the €3 billion mark within five years. Jonathan Donio and Frédéric Maxwell, Deputy Managing Director and Assistant Managing Director respectively, talk about their plans.
Specialist real estate finance provider Maslow Capital has provided a £122 million development finance facility to Definition Capital for a coliving-led regeneration scheme in Abbey Wood, South-East London.
The quarterly results of listed companies are starting to pour in, always providing an interesting barometer of the health of the economy in general, and real estate in particular.
King Street Capital Management, the global alternative investment firm, and alternative lender, Cohort Capital, along with funds managed by Apollo, have provided a £348 million senior loan facility to refinance The Park Tower Hotel in Knightsbridge in London.
Nearly 17,200 hotel rooms opened in the United States during the third quarter of 2025. Roughly 42% of these rooms belong to the extended-stay segment, with brands including ECHO Suites, Everhome Suites, LivSmart Studios and StudioRes.
Headed by Andràs Boros, management company Epsicap REIM is clearly very active in 2025. In recent months, it has renamed its SCPI Epsilon 360° to Epsicap Nano. It has also obtained a €25 million refinancing for this same vehicle dedicated to smallcaps in Europe, and signed several acquisitions.
Cohort Capital has completed a £20 million bridging finance facility to support the acquisition of The Lancaster, a Grade II-listed, stucco-fronted hotel overlooking Hyde Park in Prime Central London.
More than just square meters. It's a tempting promise, but it's often more marketing than operational reality. Most investors' value proposition is limited to a well-calibrated, efficient real estate product, as environmentally virtuous as possible and above all... well located. The rest is up to the tenant.
In a market environment where rising long-term interest rates are squeezing the real estate risk premium, and at a time when occupants are expressing a desire for service and flexibility, many investors are turning to operated real estate in search of additional income. But does the promise of value creation sufficiently justify the associated operational risk? That's the question.
According to Savills, real estate transaction volumes in Europe reached almost €37 billion in Q3 2025, slightly lower than in Q3 2024. For the first nine months of the year, however, investments are up by almost 1.5% on 2024, for a total of around €130bn.