The tie-up between CB Richard Ellis Investors and ING REIM could mark the beginning of a new wave of consolidation, according to Timo Tschammler, managing director of DTZ Germany. 'I wouldn't be surprised if we saw more mergers between some of the German open-ended fund managers that are struggling with liquidity issues.'
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
