Italy's Gruppo Aedes has joined forces with German real estate company IVG Immobilien and GE Real Estate Italia on Petrarca, a new EUR 250 mln closed-ended real estate fund that will specialise in office properties. The fund is for institutional investors and is managed by Aedes BPM Real Estate.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
