2025-06-12-Jefferies-板块要闻_杰富瑞欧洲房地产团队的每日报告_总结了你需要了解的欧洲大陆和英国房地产行业信息_11页_202kb

Daily update from Jefferies European Real Estate team on sector developments in Continental Europe and the UK.

Key highlights for the day:

• Segro: CFO succession planned as Soumen Das steps down, succeeded by Susanne Schroeter-Crossan, a non-REIT executive with diverse finance experience.

• Castellum: Akelius increases ownership stake to over 25% (originally stated as halted above 30%), with potential CEO changes as Roger Akelius advocates for a current executive.

• Shurgard: Shareholders approved a scrip dividend for 77.22% of shares, resulting in a new share issuance and €43.57m equity raise.

• French Retail: Store sales rose by +2.2% in May, driven by an extra selling day, with sports and clothing sectors outperforming; overall YTD growth is +1.9%.

• French Offices: Relaunching sale of the Magnetik office building in Paris for €140m following previous failed attempts due to issues like low occupancy and interest rate rises.

• Europe RE: CBRE indicates increased lending in 2025, primarily for refinancing, as lender sentiment improves.

• Nordics: Property markets reached a high in May with €2.3bn in transactions, dominated by large residential portfolio deals.

Industry trends including residential price increases in Germany, potential splits for Castellum, and macroeconomic risks from interest rates featured in analyses. Valuation updates and risks covered for specific companies like Castellum, CBRE, JLL, SEGRO, and SHUR.