France

The sale of the Pullman Paris Tour Eiffel has been completed. The transaction joins a series of major hotel deals that demonstrate the attractiveness of the Paris hotel market. Recently, Sono Hospitality secured the Dame des Arts, City Developments Limited the Hilton Opera and Gruppo Statuto the Mandarin Oriental.

Europe's average office occupancy rate has risen from 55% to 59% over the last year, says Savills, with Madrid now standing at 68%, almost back to the European pre-pandemic average rate of circa. 70%. London West End and Paris CBD have the second and third highest rates, at 61% and 59%, respectively. Warsaw has seen the highe...

Primonial REIM Holding is strengthening its governance and announces today the arrival of Jean-Luc Néez as the Group's Chief Financial Officer and Deputy Managing Director.

This year's winner of the „Hotel Design Award“ is The Rome Edition in Rome, Italy. The prize was awarded yesterday at the 196+ forum Milan.

Neinver recorded a strong operating performance in 2023, with total brand sales reaching €1.48 billion across its entire portfolio, an 11% y-o-y increase and record-breaking monthly growth. The centres operated by the company across six European countries welcomed a total of nearly 68 million visitors over the course of the y...

Clarion Partners Europe has acquired a 61,769 sqm, Grade-A logistics asset in Sury-le-Comtal on behalf of one of its co-mingled funds.

Abrdn European Logistics Income plc has completed the sale of a 30,180 sqm warehouse in Meung sur Loire, to Castignac. The €17.5 million disposal price is in line with the 31 December 2023 valuation and reflects a c.7% discount to the 30 September 2023 valuation.

The MSCI France Annual Property index posted a negative total return of -7.7% in December 2023 compared with 2022, an abrupt fall not seen since the beginning of the 1990s. Total returns combine the income return from rents with the capital return derived from the change in assets' valuations.

BIG – Bjarke Ingels Group and A+ Architects unveil design for the 12,000 m² Marengo Multimodal Transport Hub in France's fourth largest city, Toulouse. Located adjacent to the central station Gare Matabiau on the eastern border of the city, the building will expand the city center beyond the Canal du Midi and strengthen its p...

Valor Real Estate Partners has made eight promotions, including that of Ben Brunschwig to Principal alongside four other senior promotions, as part of its ambition to double its AUM to €6bn+ by 2026.

Louvre Hotels Group and the Courbet Group are continuing their collaboration with the signing on March 14, 2024 of a new Kyriad hotel in Cannes under a franchise agreement. The two groups had already announced a few days ago their partnership for the opening of a Hosho brand vocational hotel.

Newmark Group has established a Paris, France flagship, hiring industry veterans Francois Blin and Emmanuel Frénot to lead the team.

LaSalle Investment Management has appointed Bouygues Rénovation Privée as the main contractor for the redevelopment of Bergère, a landmark office-led, highly-amenitized workspace project in Paris.

Greystar has announced the arrival of Vincent Dubusset as Senior Technical Director. He will be responsible for the technical development of Greystar's portfolio, strengthening its presence in France and contributing to the company's portfolio of housing for students and young professionals.

Hines launches student accommodation platform in France, announcing two major investments to create c. 1,300 new beds as part of ambition to deliver 4,000 over 5 years.

Mitiska REIM on behalf of the FRI 2 fund sold a French and Portuguese retail park to Sogenial Immobilier. This sale marks the completion of Mitiska REIM’s value-creation programs for these assets, and follows similar divestments in Belgium, Portugal and Romania over the past three months which have delivered more than €500 mi...

Oxford Properties Group has fully let 32 Rue Blanche, a 238,000 sq ft Class-A office building in Central Paris. This successful leasing programme follows the completion of a comprehensive renovation scheme, significantly upgrading the asset's sustainability performance, amenities and technology capabilities, transforming 32 R...

Covivio signed an agreement to acquire the 8.3% stake in Covivio Hotels held by Generali, in exchange for new Covivio shares. This transaction, which represents the equivalent of the acquisition of €500 million of assets and a capital increase of nearly €300 million, marks a major step in the reinforcement of Covivio in the h...