French retailer Carrefour has announced that its joint venture with Sasbanci in Turkey has sold a plot of land in Istanbul for EUR 267 mln to a joint venture between Apollo Real Estate and Multi Turkmall. The buyers will develop a Carrefour hypermarket on the site, which is expected to open in 2010.
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.
