International investment and specialised fund and asset management group Babcock & Brown has formed a joint venture with a European high net-worth investor. 'The divestment represents approximately EUR 233 mln of the EUR 750 mln in real estate held for sale,' said Eric Lucas, global head of real estate at Babcock & Brown.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
