Italy's Banco Popolare has transferred part of its property business, including EUR 320 mln of real estate properties, to its Immobiliare BPV real estate unit. The subsidiary is to change its name to Immobiliare BP. Auditing firm KPMG has valued the business at EUR 720 mln.
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.
