【Jefferies-2025研报】板块要闻.pdfVIP

EquityResearch

EUROPE|PropertyRealEstateMay19,2025

TopoftheBlocks

AdailyreportbytheJefferiesEuropeanRealEstateteamsummarizing

whatyouneedtoknowinthesectorinContinentalEuropeandintheUK.

Keytakeawaysoftheday:

•TheYieldTracker#16

•URW-CMDfeedback—MaintainBuy

•Icade-Disposalof29-33ChampsElyséesReportedlyConsidered

•FrenchOffice-ParisCBDhitsnewprimerentrecordat€1,300/sqm/year

•Prologis-Toinvestover€6.4bninFrance

•Xior-ProposedrentfreezeintheNetherlandsnotapplicabletoprivatelandlords

•CTP-Builds18,000sqmfacilityforSCHOTTPharmainSerbia

•VGP-€76mTapIssuance

•Shurgard-€500m10-yearEurobondIssuanceat4%

•FrenchLogistics-AresManagementacquiresSunPortfolioin€120mdeal

•GermanLogistics-JD.comsecures€220mwarehouseportfolio

•UKLogistics-Greykitelaunches€800mSilverdockplatform

•ItalianHotels-Unawithdraws€900mplatformsaleafterdisappointingbids

•FrenchInvestments-SCPIswitness35%YoYriseinnetinflowsinQ12025

•EUStudentHousing-London,Paris,andBerlintopcitiesforinvestmentin2025

•FrenchHotels-OrionCapitalseeksParishotelacquisitionforover€110m

•FrenchLogistics-Amazonseeksacquisitionoftwowarehousesforover€155m

TheYieldTracker#16(Jefferies)

•TheJefferiesEuropeanREteampublishesamonthlyreportthattracksrealestateyields

inEuropeacrossdifferentsub-sectors.Inparallel,wetrackthecurrentimpliedpricing

ontheequitymarketon52companiesofourcoverage,both