Hammerson has gained outline consent for its plans for a major regeneration scheme on the site of a car park next to its Bullring shopping centre in Birmingham.
The financing gap has narrowed by 18% to €74 billion over the 2026-2028 period, compared with the €90 billion estimated for the 2024-2026 period, according to AEW's new study of the European commercial real estate debt market.
Despite the context - 32,407 sq.m of office space placed in Lyon in Q3 - Mata Capital, which has had an office on the banks of the Rhône since 2019, has pulled out all the stops with two significant deals, Business Immo has learned. It has signed a ten-year lease with fitness chain On Air at 213 avenue Franklin-Roosevelt, Décines-Charpieu, and sold a 1,100 sq.m. space to Ladapt, an association specializing in training and integration for people with disabilities, at 63 rue André-Bollier, in the heart of the 7th arrondissement.
Timbercreek Financial Corp. has moved to place Stephen Avenue Place, a 40-storey office tower in downtown Calgary, under receivership for the second time in two years.
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.
Din Tai Fung, a Michelin-starred global eatery from Taiwan, is opening its second East Coast location, also in New York, after its sales receipts were said to make it the highest-grossing restaurant chain per location in the United States.
City officials plan to appeal a court ruling that could scuttle or significantly delay a planned mixed-use redevelopment of the aging San Diego Sports Arena that is expected to include an entertainment district and more than 4,200 residential units.
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.
At the close of Q3, Klépierre, which reported sales of €1,213.4 million for the first nine months, "anticipates another year of growth", from net rental income to net current cash flow, and "revises upwards its forecasts for the year", with expected EBITDA growth of 5.5% and net current cash flow up 4% on 2024 (to €2.70/share). Thus, according to the property company chaired by Jean-Marc Jestin, by December 2025, EBITDA and net current cash flow will have risen by 23% and 21% respectively over three years.
Choice Properties Real Estate Investment Trust says it sold a five-property retail portfolio in Spruce Grove, Alberta, as Canada’s largest publicly traded real estate investment trust shifts its focus to multifamily and industrial properties.
Hilton kicked off what promises to be a rocky earnings season for hotel companies by touting strong profitability growth amid a weak environment for travel demand and hotel revenue.
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.
Outbound Hotels began with the intent to provide its guests with access to the great outdoors — while also elevating their trips with the experience and amenities of modern hospitality.
SCPI Wemo One, managed by Wemo REIM, aims to reach €75 million in assets under management by the end of 2025. To this end, it has signed two new acquisitions, bringing its total assets under management to 50 M€.
