Capital & Regional, the London-based co-investing property manager, has confirmed that it is in talks to establish a joint venture for its portfolio of 50 out-of-town retail parks in Germany. The company issued a short statement acknowledging the talks in response to reports that it was negotiating with Apollo Real Estate. Property Week said Capital & Regional wants to establish the joint venture for the portfolio valued at EUR 668mln to help offset the risk of the downturn in the real estate sector.
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