The German arm of Sweden's Catella Property Group and Italian real estate fund manager Castello SGR are joining forces in a new joint venture to invest up to EUR 1 bn in European real estate. Castello, which specialises in closed-end fund management, said that the new partnership aims to invest in various real estate segments on a Europe-wide level, and to consolidate its presence in Italy.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
