Europe’s Landlords Turn to Equity Markets as Optimism Returns

Europe’s real estate firms have raised $5.6 billion this year via equity offerings as landlords gear up to bolster their finances, Bloomberg News reported. The proceeds from initial public offerings and share sales in listed companies exceed the amount for the same period in 2023 more than three times, according to Bloomberg calculations. In the latest deal, beleaguered Swedish landlord SBB is offering 49% of the shares in its residential unit Sveafastigheter AB.
Europe
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Struggling Eurozone Faces Contraction While U.S. Keeps Pace

The eurozone economy slowed sharply as the third quarter draws to a close, contrasting still-dynamic growth in the U.S., according to a series of business surveys released on Monday, the Wall Street Journal reported. The eurozone surveys suggest that a soft landing from the surge in inflation that accompanied Russia’s full-scale invasion of Ukraine could be in doubt.
Europe
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German Institutes Expect Economy to Contract Again in 2024

Germany's leading economic institutes have downgraded their forecast for 2024 and now see Europe's largest economy shrinking by 0.1%, people familiar with the figures from the autumn joint economic forecast told Reuters on Tuesday. Germany's economy was the weakest among its large euro zone peers last year with a 0.3% contraction. Inflation was expected to fall to 2.2% this year, from 5.9% last year, the sources said. It would be around the 2% mark targeted by the European Central Bank in the two following years, according to the sources.
Germany
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