French fund management group Ciloger is closing in on another retail property acquisition in Germany following the purchase at end-December of a portfolio of 10 shopping centres for EUR 218 mln. In an interview with PropertyEU, CEO Laurent Flechet said the operation is expected to be completed by February 2011.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
