Capital & Regional, the UK co-investing property asset manager, has exchanged contracts with Apollo Real estate Advisors to establish a joint venture for its German retail portfolio. Apollo is to pay a cash consideration of EUR 65.6 mln to acquire half of Capital & Regional's equity investment in the portfolio. The parties will also buy out the equity interest Germany's Hahn Group's holds in the portfolio for EUR 12 mln. Existing bank debt and interest swaps will remain in place.
Premium subscriber content – please log in to read more or take a free trial.
