Property fund manager Cordea Savills has successfully completed the placing of its Pan European Property Fund. Mediobanca acted as sole underwriter. To date, the fund has attracted EUR 170 mln of equities to be invested in logistics, retail and office property across Europe. The fund has already eyed investment opportunities in the Netherlands, Belgium, Germany and Scandinavia, Cordea Savills said.
Principal Real Estate has acquired a stake in the Rome Cavour Hotel through a Separate Account Mandate.
